Forager Australian Shares Fund

Forager Australian Shares Fund (FOR) is an Australian managed investment scheme structured as a unit trust. The Fund offers investors exposure to a portfolio of securities that have been purchased by the Fund at prices the Manager believed were below the value of the securities. The Fund aims to outperform the S&P/ASX All Ordinaries Accumulation Index over a rolling 5-year period. This investment objective is not a forecast and returns are not guaranteed. The Fund is able to invest in securities with both small and large market capitalizations. The Fund is a closed-ended fund which means underlying investments are not required to be sold to meet regular Unitholder redemptions as may be the case with an open-ended fund.