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About the Fund

The NovaPort Microcap Fund is a diversified portfolio of shares in primarily listed Australian companies with a market capitalisation of less than A$300 million at the time they are first acquired. The Fund complies with the Significant Investor Visa Complying Investment Framework that commenced on 1 July 2015.

A core holding which invests in 25-65 companies paying particular attention to the underlying quality of company earnings, industry structure and management with an aim to limit downside risk.
Research led approach focusing on buying companies with improving outlooks at a significant discount to their assessed valuation.
A process built on a considerable research effort conducting in-depth proprietary research via field visits and meetings with company management, competitors, customers and suppliers.

Why this Fund

Suits investors with an investment horizon of at least seven years, are seeking high levels of return and are comfortable with high volatility, including the possibility of periods of negative returns.

A diversified portfolio of microcap investment opportunities that individual investors usually cannot access on their own.
An experienced, stable investment team with over 50 years of combined experience between the co-Portfolio Managers
NovaPort conducts in-depth company analysis before considering companies to form part of the Fund’s investment universe.

Fund Facts

About this fund
Unit prices (at 28 Nov 2022)
Buy $2.07 / Sell $2.08
Buy/sell spread (at 13 Oct 2022)
0.30 / 0.30
Inception date
22 Mar 2005
Benchmark
S&P/ASX Small Ordinaries Accumulation Index
Fund size (at 31 Oct 2022)
$72.34m
Distribution Frequency
Quarterly
Suggested Min Timeframe
At least seven years
Currency
AUD
Portfolio Managers
Alex Milton
Sinclair Currie
Fund IDs
APIR
HOW0027AU
ARSN
113 199 698
TICKER
-
mFund
-
Fees / Pricing
Management Costs
1.50%
Performance Fee (if applicable)
20%
Min Investment
$10,000.00

Interests in the NovaPort Microcap Fund ARSN 113 199 698 are offered by Fidante Partners Limited (ABN 94 002 835 592 AFSL 234 668) (Fidante Partners). Fidante Partners has appointed NovaPort Capital Pty Ltd (ABN 88 140 833 656 AFSL 385329) as the investment manager of the Fund.

Fund Performance & Distributions

Performance Table
Cumulative Performance
Distribution History

Fund Performance (Net) as at 31 Oct 2022

1M 3M 1YR 3YR (p.a) 5YR (p.a) 10YR (p.a) SI (p.a)
Fund 1.16% -2.60% -11.52% 3.99% 5.44% 7.95% 8.27%

Data powered by FE fundinfo

Past performance is not a reliable indicator of future performance. The inception date of the Fund is 22 March 2005.

FE fundinfo calculates performance using the Australian FSC Standard by constructing a total value index series that reflects the percentage change in investments assuming the reinvestment of all distributions. A total value index series is constructed using the Ex-Distribution exit price, which is calculated at the end of a distribution period by deducting the distribution amount by the Cum distribution exit price.

Data powered by FE fundinfo

Performance is calculated on a bid-to-bid basis with income reinvested. It is important to know that unit prices reflect the value of the underlying assets of the funds and so can go down as well as up.

Past performance is not indicative of future performance. Where a fund invests in overseas securities, the unit prices may also rise and fall purely on account of exchange rate fluctuations.

Data powered by FE fundinfo

© FE fundinfo 2022. All rights reserved. The compilation of data contained in this report is the copyright of FE fundinfo. It may be copied only incidentally to print single copies for use by those authorised to view it. Whilst reasonable care has been taken in the compilation of the data, it is not warranted to be accurate or complete, and has been drawn by FE fundinfo from sources which are also not warranted to be accurate or complete.

Performance figures are calculated on an exit – exit basis and shown in Australian Dollars.

Resources

You should read the Fund's TMD and this PDS to ensure the key attributes of the Fund as described in the TMD and PDS aligns with your objectives, financial situation and needs before making a decision about whether to acquire or continue to hold the Fund.

Ways to Invest

Access NovaPort's investment expertise in the way that best suits your individual needs.

Fund ratings

The NovaPort Microcap Fund has received the following ratings:

Organisation Rating
Lonsec Recommended
Morningstar -
Zenith Recommended

The rating issued 09/2022 is published by Lonsec Research Pty Ltd ABN 11 151 658 561 AFSL 421 445 (Lonsec). Ratings are general advice only, and have been prepared without taking account of your objectives, financial situation or needs. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. The rating is not a recommendation to purchase, sell or hold any product. Past performance information is not indicative of future performance. Ratings are subject to change without notice and Lonsec assumes no obligation to update. Lonsec uses objective criteria and receives a fee from the Fund Manager. Visit lonsec.com.au for ratings information and to access the full report. © 2022 Lonsec. All rights reserved.

The Zenith Investment Partners (ABN 27 103 132 672, AFS Licence 226872) (“Zenith”) rating (NovaPort Microcap Fund assigned February 2022 ) referred to in this piece is limited to “General Advice” (s766B Corporations Act 2001) for Wholesale clients only. This advice has been prepared without taking into account the objectives, financial situation or needs of any individual, including target markets of financial products, where applicable, and is subject to change at any time without prior notice. It is not a specific recommendation to purchase, sell or hold the relevant product(s). Investors should seek independent financial advice before making an investment decision and should consider the appropriateness of this advice in light of their own objectives, financial situation and needs. Investors should obtain a copy of, and consider the PDS or offer document before making any decision and refer to the full Zenith Product Assessment available on the Zenith website. Past performance is not an indication of future performance. Zenith usually charges the product issuer, fund manager or related party to conduct Product Assessments. Full details regarding Zenith’s methodology, ratings definitions and regulatory compliance are available on our Product Assessments and at Fund Research Regulatory Guidelines.