NovaPort Microcap - Managed Fund

Fund Objective

The Fund invests in a diversified portfolio of shares, primarily listed Australian companies with a market capitalisation of generally less than A$500 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.

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

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Peers

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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.

Fees Comparison

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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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-4.68%	-3.62%	1.92%	1.64%	1.5%	0.34%	6.22%	7%
Growth return	-78.07%	-78.09%	-77.03%	-78.29%	-55.72%	-45.08%	-26.65%	-11.52%
Income return	73.39%	74.47%	78.95%	79.93%	57.22%	45.42%	32.87%	18.52%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return	-2.57%	1.53%	5.42%	23.05%	14.92%	12.51%	6.6%	9.12%

As at 31 May 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

NovaPort Microcap

Australian Equities: 87.07%

Cash: 12.93%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Average Allocation of Peers

Australian Equities: 91.87%

Cash: 3.88%

International Equities: 3.40%

Property & Infrastructure: 0.14%

Fixed Interest: 0%

Alternatives: 0.71%

General Information

Fund Details

Type	Description
Fund Name	NovaPort Microcap
Responsible Entity	Fidante Partners Limited
APIR Code	HOW0027AU
Sector/Asset Class	Equity Australia Mid/Small Blend
Morningstar Rating	(as at 31 May 2024)
Legal Structure	Investment Fund
Fund Inception	21 Mar 2005
Fund Size	$23.87 million (as at 31 May 2024)
Entry Price	$0.0204 (as at 26 Jun 2024)
Exit Price	$0.0202 (as at 26 Jun 2024)
Fund Status	Finalised

Offer information

Type	Description
MER	1.70% (as at 23 Nov 2023)
Indirect Cost Ratio (ICR)	1.70% (as at 30 Jun 2024)
Performance fee (not included in ICR)	0.2
Minimum initial investment	$10,000.00
Minimum redemption amount	$1,000.00

Top 10 holdings (as at 30 Apr 2024)

Holding (as at 30 Apr 2024)	Type	% of Portfolio
MMA Offshore Ltd	Equity	4.52%
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FAQs about the NovaPort Microcap

What is the objective of the NovaPort Microcap managed fund?

The objective 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$500 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.

What is the strategy for the NovaPort Microcap managed fund?

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.

What is the APIR code of the NovaPort Microcap managed fund?

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

What was NovaPort Microcap’s total return last month?

NovaPort Microcap’s total return last month was -4.68%. This was made up of a growth return of -78.07% and an income return of 73.39%. These returns were calculated as at 31 May 2024.

What was NovaPort Microcap’s total return for the last three months?

NovaPort Microcap’s total return for the last three months was -3.62%. This was made up of a growth return of -78.09% and an income return of 74.47%%. These returns were calculated as at 31 May 2024.

What is NovaPort Microcap’s one-year total return?

NovaPort Microcap’s one-year total return is 1.64%. This was made up of a growth return of -78.29% and an income return of 79.93%. These returns were calculated as at 31 May 2024.

What is NovaPort Microcap’s three-year total return?

NovaPort Microcap’s one-year total return is 0.34%. This was made up of a growth return of -45.08% and an income return of 45.42%. These returns were calculated as at 31 May 2024.

What is the asset allocation of the NovaPort Microcap managed fund?

The asset allocation of the NovaPort Microcap managed fund is :

Australian Equities: 87.07%

Cash: 12.93%

International Equities: 0%

Property & Infrastructure: 0%

Fixed Interest: 0%

Alternatives: 0%

Who is the responsible Entity of the NovaPort Microcap managed fund?

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

What sector/asset class does the NovaPort Microcap managed fund belong to?

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

What is the size of the NovaPort Microcap managed fund?

As at 31 May 2024, the size of the NovaPort Microcap managed fund was $23.87 million.

What is the inception date of the NovaPort Microcap managed fund?

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

What is the current entry price of the NovaPort Microcap managed fund?

The current entry price of the NovaPort Microcap managed fund is $0.0204 per unit and the current exit price is $0.0202 per unit (as at 26 Jun 2024).

What is the current exit price of the NovaPort Microcap managed fund?

The current exit price of the NovaPort Microcap managed fund is $0.0202 per unit and the current entry price is $0.0204 per unit (as at 26 Jun 2024).

What is the minimum investment amount for the NovaPort Microcap managed fund?

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.

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