Paragon Australian Long Short Fund – FY24 Distribution, Taxation (AMMA) and Annual NAV (Periodic) statements

29 Jul, 2024 in Investor Info by

Annual Statements for the year ended 30 June 2024 (FY24)

FY24 Distribution:

There was no distribution paid for FY24. As such, there is no Tax (AMMA) Statement for FY24.

Distributions are payable on the assessable income of the Fund and will vary from year to year.

FY24 Annual Statements:

Annual NAV (Periodic) statements have been emailed directly to investors from Link Market Services (Fund Administrator/Registry) today.

Investors should retain this statement for their own records, as well as forward it to their tax adviser/agent for tax purposes.

The annual NAV (periodic) statement captures the full financial year’s performance (increase or decrease of your investment net of all fees charged), along with any other transactions (applications or redemptions) over the period. Your closing balance reflects the value of your investment at redemption value on 30 June 2024.

The annual average Indirect Costs Ratio (ICR) for FY24 equates to ~3.8% for all expenses and fees incurred by the Fund, comprising as follows:

  • 1.5%    Base management fee
  • 0.25% Expenses recoveries fee
  • 0%       Performance fee (nil earned for FY24)
  • 2.05% Borrowing costs /other transaction costs

The amount relevant to your investment is disclosed as ‘fees and costs deducted from your investment’ overleaf, and is already reflected in (not in addition) the year’s performance disclosed as ‘return on investment’.

Please email client.services@paragonfunds.com.au if you have any questions or require further information regarding your investment in the Fund.