I am suspicious of FGX - I really thought its a zero cost zero...

I am suspicious of FGX - I really thought its a zero cost zero performance company but actually it seems to acquire assets in other funds - As I understand it those funds would have fees and yes they can negotiate a rebate but surely these funds charge their own fees - So its really a fund of funds.

Never could quite unpack it and didnt like the $1.10 price as it looked like you ended up with something that had been designed to sustain a 10c fall and still look like par.

that it is now $1.14 and you have 6c for your option is a bit of an inflation in my opinion as really the 1 for 1 option will take the $1.14 to $1.12 if everyone converts - No distributions to date and heading towards a year.

The 1% NAV donation is a great idea if you have a caveat that it must be paid out of income - It does not seem to have that.

So I have looked very closely and in fact have decided to do more research before I move the funds but really will have to find a solution and resolution (given my thinking of reviewing ALF after a few more months) in the next 3 months.