InvestSMART
  1. Home
  2. Research & Advice
  3. Research Tools
  4. Managed Funds
  5. NovaPort Microcap - Managed fund profile

NovaPort Microcap - Managed Fund

Fund Objective
The Fund aims to outperform its benchmark over rolling seven-year periods through the investment in a diversified portfolio of micro-cap Australian companies.
Fund Strategy
The Fund invests in a diversified portfolio of shares, primarily listed Australian companies with a market capitalisation of generally less than A$250 million at the time they are first acquired on behalf of the Fund ('microcap companies'). Up to 10% of the Fund can be invested in unlisted companies, usually those that intend to list within 18 months. The Fund may also invest in listed New Zealand microcap companies and a proportion can be held in cash.

Fund Performance Comparison

Relative Fund Performance vs {{ fund.benchmark.peers.peerCount }} peers using {{ fund.benchmark.name }} as their benchmark.

{{ fund.name }}
Peers
Benchmark ({{ fund.benchmark.name }})
{{ fund.model.name }}
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.
grow your money
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns.
Free Fees Report
investing
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers.
Free investor guide
Grow your money, not your fees
It's fees rather than returns that make the biggest difference to your investment's compounding returns. Free Fees Report
Investing made simple
Our professionally-tailored investment portfolios consistently beat most of our peers. Free investor guide

Fees Comparison

{{ fund.mer | number:2 }}
% p.a.
{{ fund.name }}
{{ modelPortfolio.mer * 100 | number:2 }}
% p.a.
{{ modelPortfolio.name }}
{{ fund.benchmark.peers.mer * 100 | number:2 }}
% p.a.
Average of peers ({{ fund.benchmark.peers.peerCount }})
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.
Upsell Banner

Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.95% 1.6% 6.58% 5.35% -1.5% 3% 7.43% 7.23%
Growth return 0.71% 0.37% 4.39% -2.2% -10.42% -8% -0.48% 2.71%
Income return 1.24% 1.23% 2.19% 7.55% 8.92% 11% 7.91% 4.52%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 4.79% 7.55% 16.71% 13.83% -0.6% 2.72% -% 6.69%
As at 31 Mar 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

NovaPort Microcap
Australian Equities
87.95%
Cash
12.05%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
90.74%
Cash
4.55%
International Equities
2.44%
Property
1.98%
Fixed Interest
0.25%
Alternatives
0.03%

General Information

Fund Details
Type Description
NovaPort Microcap
Fidante Partners Limited
HOW0027AU
Equity Australia Mid/Small Blend
starstar (as at 31 Mar 2024)
Investment Fund
21 Mar 2005
$62.38 million (as at 31 Mar 2024)
$1.9898 (as at 22 Apr 2024)
$1.9778 (as at 22 Apr 2024)
Open
Offer information
Type Description
Indirect Cost Ratio (ICR) 1.53% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0.03
Minimum initial investment $10,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 Jan 2024)

Holding (as at 31 Jan 2024) Type % of Portfolio
MMA Offshore Ltd Equity 5.12%
Login now to view the complete list of holdings.

FAQs about the NovaPort Microcap

The objective of the NovaPort Microcap managed fund is The Fund aims to outperform its benchmark over rolling seven-year periods through the investment in a diversified portfolio of micro-cap Australian companies.

The strategy of the NovaPort Microcap managed fund is The Fund invests in a diversified portfolio of shares, primarily listed Australian companies with a market capitalisation of generally less than A$250 million at the time they are first acquired on behalf of the Fund ('microcap companies'). Up to 10% of the Fund can be invested in unlisted companies, usually those that intend to list within 18 months. The Fund may also invest in listed New Zealand microcap companies and a proportion can be held in cash.

The APIR code of the NovaPort Microcap managed fund is HOW0027AU.

NovaPort Microcap’s total return last month was 1.95%. This was made up of a growth return of 0.71% and an income return of 1.24%. These returns were calculated as at 31 Mar 2024.

NovaPort Microcap’s total return for the last three months was 1.6%. This was made up of a growth return of 0.37% and an income return of 1.23%%. These returns were calculated as at 31 Mar 2024.

NovaPort Microcap’s one-year total return is 5.35%. This was made up of a growth return of -2.2% and an income return of 7.55%. These returns were calculated as at 31 Mar 2024.

NovaPort Microcap’s one-year total return is 3%. This was made up of a growth return of -8% and an income return of 11%. These returns were calculated as at 31 Mar 2024.

The asset allocation of the NovaPort Microcap managed fund is :

Australian Equities
87.95%
Cash
12.05%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the NovaPort Microcap managed fund is Fidante Partners Limited.

The NovaPort Microcap managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 31 Mar 2024, the size of the NovaPort Microcap managed fund was $62.38 million.

The NovaPort Microcap managed fund has an inception date of 21 Mar 2005.

The current entry price of the NovaPort Microcap managed fund is $1.9898 per unit and the current exit price is $1.9778 per unit (as at 22 Apr 2024).

The current exit price of the NovaPort Microcap managed fund is $1.9778 per unit and the current entry price is $1.9898 per unit (as at 22 Apr 2024).

The minimum initial investment amount for the NovaPort Microcap managed fund is $10,000.

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.