NovaPort Capital

Novaport Capital

NovaPort Capital (NovaPort) is a boutique Australian equities investment manager specialising in small and microcap ASX-listed companies.

About

NovaPort was founded in 2010 by Alex Milton and Sinclair Currie who previously worked together as co-portfolio managers within Challenger Limited's smaller companies team, managing over $200 million in funds. NovaPort is a benchmark unaware, active investment manager. As high conviction investors, NovaPort invests in a concentrated number of companies at any given time, resulting in portfolios that have low turnover of securities.

For more information, please visit www.novaportcapital.com.au

Approach

Through diligent research NovaPort can add value by identifying companies which are undervalued and are likely to be re-rated to their true value, or which have above average growth potential which has not yet been fully recognised by the market. The outcome of their process as a high conviction investor is a portfolio that holds a concentrated number of companies at any given time, and is low turnover by nature.

Funds

NovaPort Wholesale Smaller Companies Fund 

Strategy

As an active investor, NovaPort’s approach to managing the Smaller Companies Fund is based on paying a reasonable price for companies with an improving profit growth profile, or is materially undervalued on other factors, while paying particular attention to the underlying quality of company earnings and management in order to minimise downside risk. The Fund’s investment universe is a diversified portfolio of shares in primarily listed Australian companies, with a minimum market capitalisation of generally A$200 million and are not included in the ASX 100 at the time they are first acquired.

Suits Investors Seeking:

  • Exposure to smaller Australian and New Zealand companies
  • To invest for at least five years
  • High levels of return, and are comfortable with high volatility

Fund Downloads

Fund Report

Annual Report

PDS

Benchmark

S&P/ASX Small Ordinaries Accumulation Index

Overview

Current as of May 2017

31 December 2002

Inception Date

0.90% p.a.

Management Fee

5 Years

Suggested Minimum Time Frame

A$247.3M

Funds Under Management*

Quarterly

Distribution Frequency

$10,000

Minimum Investment

HOW0016AU

APIR Code

*Funds under management displayed at a class level only. 

Interests in the NovaPort Wholesale Smaller Companies Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed NovaPort Capital Pty Ltd as the investment manager of the Fund.

Closed Funds

The retail class of units in the NovaPort Smaller Companies Fund (APIR: HOW0017AU) is closed to new investors. Existing investors can continue to make additional investments.

Fund Performance (Net) as at: 31 May 2017

-0.12%

1 month

2.31%

3 months

7.79%

1 year

5.30%

3 years (p.a.)

13.45%

5 years (p.a.)

7.64%

10 years (p.a.)

14.49%

Since inception (p.a.)

Past performance is not a reliable indicator of future performance.
1. Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 31 December 2002

Unit Prices and Distributions

To view historical unit prices and distributions click here

Cumulative Fund Growth

loading...
As at Date: 31 May 2017
Inception Date: 31 Dec 2002
Past performance is not a reliable indicator of future performance. 
1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures. 

NovaPort Wholesale Microcap Fund 

Strategy

As an active investor, NovaPort’s approach to managing the Microcap Fund is based on paying a reasonable price for companies with an improving profit growth profile, or are materially undervalued on other factors, while paying particular attention to the underlying quality of company earnings and management in order to minimise downside risk. The Fund’s investment universe is a diversified portfolio of shares in primarily listed Australian companies with a market capitalisation of generally less than A$250 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.

Suits Investors Seeking:

  • Capital growth and additional sharemarket diversification
  • To invest for at least seven years
  • High levels of return, and are comfortable with high volatility

Fund Downloads

Fund Report

Annual Report

PDS

Benchmark

S&P/ASX Small Ordinaries Accumulation Index

Overview

Current as of May 2017

22 March 2005

Inception Date

1.50% p.a.

Management Fee

7 Years

Suggested Minimum Time Frame

A$53.5M

Funds Under Management*

Quarterly

Distribution Frequency

$10,000

Minimum Investment

HOW0027AU

APIR Code

*Funds under management displayed at a class level only. 

Interests in the NovaPort Wholesale Microcap Fund are offered by Fidante Partners Limited ABN 94 002 835 592 AFSL 234668 (Fidante Partners). Fidante Partners has appointed NovaPort Capital Pty Ltd as the investment manager of the Fund.

Fund Performance (Net) as at: 31 May 2017

-1.74%

1 month

-2.13%

3 months

11.82%

1 year

8.99%

3 years (p.a.)

11.75%

5 years (p.a.)

4.84%

10 years (p.a.)

9.87%

Since inception (p.a.)

Past performance is not a reliable indicator of future performance.
1. Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.
2. The inception date for the Fund is 22 March 2005.

Unit Prices and Distributions

To view historical unit prices and distributions click here

Cumulative Fund Growth

loading...
As at Date: 31 May 2017
Inception Date: 22 Mar 2005
Past performance is not a reliable indicator of future performance.
1 Returns are calculated after fees have been deducted and assume distributions have been reinvested. No allowance is made for tax when calculating these figures.

Our Team

Alex Milton
Alex Milton
Principal
Sinclair Currie
Sinclair Currie
Principal
Mitch Ryan
Mitch Ryan
Portfolio Analyst

Related Resources

NovaPort Fund Manager of Year

Fund Manager of the Year 2017

NovaPort Capital win the Fund Manager of the Year 2017 Australian Equities (Small Cap) award.

Read more
Market Recap

3 Key Themes

NovaPort Capital discuss the 3 key themes from February 2017 reporting season: Valuation dispersions, the moderation of outperformance, and Resources vs Industrials.

Read more
Aged Care

Aged Care

In the December quarterly update, NovaPort Capital discuss the Aged Care sector, government funding and the ongoing need for this sector.

Read more