Distributions for the 2023/24 financial year have now been issued.

Distributions for the Spaceship Origin Portfolio were paid on 16 July 2024 by direct credit to linked bank accounts.

Distributions for the Spaceship Earth Portfolio were paid by issuing additional units into the portfolio. These distributions were reinvested on 1 July 2024.

Spaceship Universe Portfolio, Spaceship Galaxy Portfolio and Spaceship Explorer Portfolio had no distribution for this financial year.

The distribution amount is based on the amount of units you held on the distribution calculation date (30 June 2024).

The following are the distribution amounts per unit (DPUs) for each of the Spaceship Voyager portfolios.

If you withdrew your entire balance in a Spaceship Voyager portfolio before the distribution calculation date (30 June 2024), you will not have been eligible to receive a distribution for the 2023/24 financial year.

This is because, on the distribution date, we deduct the total distribution from the portfolio, which in turn, reduces the unit price of the portfolio. So, while you did not receive a distribution, your share of the portfolio’s income was reflected in the unit price you received when you withdrew your Spaceship Voyager balance.

Additionally, not all Spaceship Voyager funds paid out a distribution in the 2023/24 financial year. The Spaceship Universe Portfolio, Spaceship Galaxy Portfolio and Spaceship Explorer Portfolio had no distribution for this financial year.

A managed fund’s expenses are offset against its income, with the net income after deducting expenses distributed to unitholders. Sometimes the income (generally consisting of interest income, dividend income, and realised capital gains) can be lower than the expenses (for example, due to a management fee) and therefore no net realised income is available to distribute. Additionally, if a fund has carried forward realised losses from previous years, these losses will also significantly reduce the level of distributions. A fund’s distribution may be zero until carried forward realised losses are offset against future income. It is important to understand that even if a cash distribution is not made, the fund may still have experienced positive performance.

You can read about why some tech companies generally avoid paying dividends here.

In the first few weeks of August 2024, you will receive an annual summary of the distributions made to you during the financial year, as well as the relevant taxation information required to complete your Australian tax return.