Forager International Shares - Managed Fund

Fund Objective

The Fund's investment objective is to outperform the Benchmark over a rolling period of 5 years.

Fund Strategy

The Fund's strategy is to invest in a concentrated portfolio of 20-40 underappreciated global stocks that it anticipates will outperform the return from global equities over rolling 5-year periods.

Fund Performance Comparison

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Peers

Benchmark ({{ fund.benchmark.name }})

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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Fees Comparison

% p.a.

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	2.54%	6.33%	16.16%	23.66%	22.29%	20.69%	12.96%	11.56%
Growth return	2.54%	2.39%	11.86%	17%	17.83%	17.73%	5.1%	4.12%
Income return	0%	3.94%	4.3%	6.66%	4.46%	2.96%	7.86%	7.44%
Market index (MSCI World Small Cap NR AUD)
Total return	3.44%	9.59%	8.57%	17.61%	14.19%	14.22%	13%	9.75%

As at 31 Aug 2025. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Forager International Shares

International Equities: 96.68%

Cash: 3.32%

Australian Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Average Allocation of Peers

International Equities: 95.11%

Cash: 1.84%

Australian Equities: 2.85%

Property & Infrastructure: 0.20%

Alternatives: 0%

General Information

Fund Details

Type	Description
Fund Name	Forager International Shares
Responsible Entity	The Trust Company (RE Services) Limited
APIR Code	FHT0032AU
Sector/Asset Class	Equity World Mid/Small
Morningstar Rating	(as at 31 Aug 2025)
Legal Structure	Investment Fund
Fund Inception	8 Feb 2013
Fund Size	$262.7 million (as at 31 Aug 2025)
Entry Price	$2.2567 (as at 18 Sep 2025)
Exit Price	$2.2477 (as at 18 Sep 2025)
Fund Status	Open

Offer information

Type	Description
MER	2.92% (as at 1 Feb 2024)
Indirect Cost Ratio (ICR) - Estimated	1.22% (as at 30 Jun 2023) (Estimated)
Performance fee (included in ICR)	0
Minimum initial investment	$20,000
Minimum additional investments	$1,000.00
Minimum redemption amount	$10,000.00

Top 10 holdings (as at 31 Aug 2025)

Holding (as at 31 Aug 2025)	Type	% of Portfolio
Fiserv Inc	Equity	3.83%
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FAQs about the Forager International Shares

What is the objective of the Forager International Shares managed fund?

The objective of the Forager International Shares managed fund is The Fund's investment objective is to outperform the Benchmark over a rolling period of 5 years.

What is the strategy for the Forager International Shares managed fund?

The strategy of the Forager International Shares managed fund is The Fund's strategy is to invest in a concentrated portfolio of 20-40 underappreciated global stocks that it anticipates will outperform the return from global equities over rolling 5-year periods.

What is the APIR code of the Forager International Shares managed fund?

The APIR code of the Forager International Shares managed fund is FHT0032AU.

What was Forager International Shares’s total return last month?

Forager International Shares’s total return last month was 2.54%. This was made up of a growth return of 2.54% and an income return of 0%. These returns were calculated as at 31 Aug 2025.

What was Forager International Shares’s total return for the last three months?

Forager International Shares’s total return for the last three months was 6.33%. This was made up of a growth return of 2.39% and an income return of 3.94%%. These returns were calculated as at 31 Aug 2025.

What is Forager International Shares’s one-year total return?

Forager International Shares’s one-year total return is 23.66%. This was made up of a growth return of 17% and an income return of 6.66%. These returns were calculated as at 31 Aug 2025.

What is Forager International Shares’s three-year total return?

Forager International Shares’s one-year total return is 20.69%. This was made up of a growth return of 17.73% and an income return of 2.96%. These returns were calculated as at 31 Aug 2025.

What is the asset allocation of the Forager International Shares managed fund?

The asset allocation of the Forager International Shares managed fund is :

International Equities: 96.68%

Cash: 3.32%

Australian Equities: 0%

Property & Infrastructure: 0%

Alternatives: 0%

Who is the responsible Entity of the Forager International Shares managed fund?

The Responsible Entity for the Forager International Shares managed fund is The Trust Company (RE Services) Limited.

What sector/asset class does the Forager International Shares managed fund belong to?

The Forager International Shares managed fund belongs to the Equity World Mid/Small sector/asset class.

What is the size of the Forager International Shares managed fund?

As at 31 Aug 2025, the size of the Forager International Shares managed fund was $262.7 million.

What is the inception date of the Forager International Shares managed fund?

The Forager International Shares managed fund has an inception date of 8 Feb 2013.

What is the current entry price of the Forager International Shares managed fund?

The current entry price of the Forager International Shares managed fund is $2.2567 per unit and the current exit price is $2.2477 per unit (as at 18 Sep 2025).

What is the current exit price of the Forager International Shares managed fund?

The current exit price of the Forager International Shares managed fund is $2.2477 per unit and the current entry price is $2.2567 per unit (as at 18 Sep 2025).

What is the minimum investment amount for the Forager International Shares managed fund?

The minimum initial investment amount for the Forager International Shares managed fund is $20,000. Minimum additional investment is $1000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.

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