Fund Type: | Single | Discretionary/Quantitative: |
Discretionary |
Strategy: | Equity Long/Short | FUM (millions): | AU$62.38m |
Style: | Blend | Fund Inception Date: | Since 22 March 2005 |
Geographic Mandate: | Australia | Latest Return Date: | April 2024 |
Fund Domicile: | Australia | Investor Type: | Wholesale & Retail |
Status: | Closed | Reporting Status: | Ceased Reporting |
Manager: | Novaport Capital | Total FUM for all funds: | |
Manager Overview:
NovaPort Capital is a boutique Australian equities investment manager specialising in small and microcap ASX-listed companies. The company was founded in 2010 by Alex Milton and Sinclair Currie, having previously worked together as co-portfolio managers within Challenger Limited's small companies team. NovaPort is a benchmark unaware, active investment manager.
As a high conviction investors, NovaPort invest in a concentrated number of companies at any given time, with portfolios that have lower turnover of securities. They believe there are inefficiencies in investment markets, particularly within the universe of smaller listed companies. Their approach is focused on buying companies with an improving outlook at discounted valuations. New investment ideas for their portfolios are discovered through conducting extensive research, qualitative analysis and financial modelling, with the ultimate aim of providing superior investment returns for investors over a three year time horizon. Fidante Partners invests in and forms long-term alliances with talented investment professionals to create, grow and support specialist, boutique funds management businesses. By providing a broad range of integrated services to NovaPort Capital, Fidante Partners frees up the NovaPort investment team to focus on what it does best; investing and managing assets. Fidante Partners is part of Challenger Limited (Challenger), an Australian financial services firm listed on the ASX. |
Fund/Strategy Overview:
The Fund aims to outperform its benchmark over rolling seven-year periods through the investment in a diversified portfolio of micro-cap Australian companies.
NovaPort is an active investment manager whose investment approach is based on paying what NovaPort believes to be a reasonable price for companies with an improving profit growth profile, while paying particular attention to the underlying quality of company earnings, industry structure and quality of management in an aim to minimise downside risk. |
Minimum Investment: | Minimum Additional Investment: | Minimum Term: | Investment Frequency: |
AU$10,000 | AU$1,000 | Daily | |
Regular Savings Option: | Regular Savings Min. Amount : |
Regular Savings Max. Amount : |
Regular Savings Freq.: |
Yes | AU$1,000 | Monthly | |
Redemption Notice: | Redemption Frequency: | Notes: | |
5 Days | Daily |
||
Distributions: | Distribution Frequency: | Last Distribution Date: | Last Distribution Amount: |
Yes | Quarterly | AU$ |
Offshore/Onshore: | Fund Structure: | Share Classes: |
Trustee/Responsible Entity: |
Onshore | Unit Trust | AU$ | Fidante Partners Limited |
Administrator: | Prime Broker: | Custodian: | Legal: |
Fidante Partners | N/A | Citibank | Challenger Limited Legal Counsel |
Management Fee: |
Performance Fee: |
High Water Mark: |
Hurdle: |
1.5% | 20% | No | N/A |
Buy Spread: | Sell spread: | Early Redemption Fee: | Fees Notes: |
0.300% | 0.300% | No |
Latest Return Date: | Latest Result: | Fund Inception Date: | Annualised Return: |
April 2024 | -0.83% | 22 March 2005 | 8.77% |
Latest 3 Months: | Latest 6 Months: | Latest 12 Months: | Latest 2 Years p.a.: |
1.99% | 9.47% | 3.00% | -0.14% |
Latest 3 Years p.a.: |
Latest 4 Years p.a.: |
Latest 5 Years p.a.: |
Latest 7 Years p.a.: |
1.29% | 12.33% | 6.82% | 6.60% |
% Positive Months (S.I.): |
Average Return: | Average +ve Return: | Average -ve Return: |
61.74% | 0.82% | 3.44% | -3.42% |
Best Month: | Worst Month: | Up Capture Ratio (S.I.): |
Down Capture Ratio (S.I.): |
15.50% | -26.18% | 45.64% | 91.78% |
Largest Drawdown (S.I.): |
Longest Drawdown (S.I.): |
Current Drawdown (%): |
Current Drawdown (Months): |
-56.24% | 59 months | -5.44% | 28 months |
Annualised Standard Deviation (S.I.): |
Downside Deviation (S.I.): |
Sortino Ratio (S.I.): |
- |
16.09% | 11.57% | 0.29 | - |
Sharpe Ratio (12 months): |
Sharpe Ratio (3 years): |
Sharpe Ratio (5 years): |
Sharpe Ratio (S.I.): |
-0.09 | 0.00 | 0.36 | 0.42 |
Please note, Sharpe and Sortino ratios are calculated using the Australian Risk Free Rate |
AFM's Quintile Rankings show performance and Key Performance Indicators (KPI's) of NovaPort Microcap Fund compared to a peer group of funds with a similar strategy and geographic mandate. Each green square places a fund in one quintile (or 20%) of its peer group - five indicating that the fund is in the top (best) quintile for the corresponding KPI.
As a reference point the equivalent "quintile" performance of the peer group's underlying market index is also indicated by the red dot.
Morningstar Star Rating: | Yes, contact Morningstar |
Lonsec: | Yes, contact Lonsec., August 2020 |
Zenith: | Yes, contact Zenith. |
Historical Performance (all figures shown here are net of fees unless otherwise stated)
Year | Jan % | Feb % | Mar % | Apr % | May % | Jun % | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | YTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2024 | -1.21 | 0.89 | 1.94 | -0.83 | N/R | N/R | N/R | N/R | N/R | N/R | N/R | N/R | 0.76 |
2023 | 2.90 | 0.95 | -3.31 | 1.41 | -3.38 | 1.51 | 0.32 | 0.21 | -1.15 | -3.45 | 2.40 | 6.10 | 4.12 |
2022 | -5.51 | 0.79 | 3.25 | -3.57 | -7.68 | -8.93 | 12.11 | 0.80 | -4.48 | 1.16 | 3.45 | 0.10 | -9.86 |
2021 | 1.32 | 2.72 | 1.71 | 4.17 | -1.83 | 1.66 | 2.49 | 3.63 | 1.06 | 0.97 | -2.04 | 3.73 | 21.19 |
2020 | 0.81 | -8.33 | -26.18 | 15.50 | 8.15 | -0.80 | 1.80 | 7.97 | 4.68 | -1.01 | 11.73 | 1.77 | 9.47 |
2019 | 1.36 | 3.89 | -0.82 | 1.93 | -1.85 | -0.38 | 6.20 | 0.62 | 5.07 | 3.78 | -2.50 | -0.21 | 18.00 |
2018 | 1.96 | -1.69 | -1.85 | 1.91 | -0.23 | 2.93 | -0.23 | 2.64 | -0.88 | -8.79 | -2.94 | -4.12 | -11.29 |
2017 | 2.07 | -2.38 | 0.35 | -0.74 | -1.74 | 1.46 | 4.73 | 0.50 | 2.15 | 3.17 | 2.40 | 5.19 | 18.20 |
2016 | -2.14 | 0.83 | 3.94 | 2.76 | 2.50 | 0.89 | 2.73 | 5.98 | 2.99 | 0.61 | -1.28 | 2.05 | 23.86 |
2015 | 2.24 | 7.00 | -1.13 | -3.30 | 1.46 | -2.43 | 2.03 | -3.58 | -0.98 | 5.78 | -0.78 | -0.91 | 4.90 |
2014 | 1.50 | 3.52 | 1.83 | -2.99 | -0.41 | -0.90 | 3.72 | 4.76 | -2.41 | -1.40 | -3.05 | 1.74 | 5.65 |
2013 | 5.22 | 2.61 | 0.91 | -6.15 | -2.86 | -5.40 | 9.79 | 3.41 | 4.62 | 1.74 | -2.91 | -2.84 | 7.12 |
2012 | 2.79 | 4.76 | 1.89 | -1.18 | -4.41 | -1.40 | 6.11 | 4.65 | 2.83 | 5.61 | -0.84 | 3.08 | 25.98 |
2011 | 1.53 | 3.65 | -3.66 | 0.18 | -2.29 | -5.43 | 4.42 | -2.76 | -5.91 | 6.34 | -3.18 | -0.52 | -8.17 |
2010 | -0.83 | -3.62 | 3.58 | 0.46 | -2.94 | -2.86 | 2.81 | 2.67 | 10.48 | 4.64 | 0.65 | 10.15 | 26.87 |
2009 | -3.49 | 2.92 | 4.61 | 3.33 | 3.46 | 2.01 | 4.92 | 10.98 | 7.86 | 3.42 | 4.10 | 2.88 | 57.62 |
2008 | -14.94 | -1.28 | -9.13 | 1.54 | -1.06 | -9.30 | -5.49 | 1.05 | -6.97 | -17.59 | -8.22 | 1.19 | -52.73 |
2007 | 4.96 | -0.63 | 2.66 | 2.74 | 4.12 | 4.92 | 1.29 | -4.77 | 1.73 | 3.61 | -3.41 | -0.70 | 17.18 |
2006 | 6.98 | 2.37 | 4.29 | -0.58 | -2.13 | 0.94 | 2.72 | 5.17 | 3.92 | 9.10 | 2.35 | 11.73 | 57.10 |
2005 | N/R | N/R | -0.46 | -5.91 | 1.14 | 0.50 | 3.39 | 4.59 | 4.17 | -0.42 | 2.28 | -0.08 | 9.11 |
Historical Financial Year Performance (all figures shown here are are percentage per month net of fees unless otherwise stated)
Year | Jul % | Aug % | Sep % | Oct % | Nov % | Dec % | Jan % | Feb % | Mar % | Apr % | May % | Jun % | FYTD % |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2023/2024 | 0.32 | 0.21 | -1.15 | -3.45 | 2.40 | 6.10 | -1.21 | 0.89 | 1.94 | -0.83 | 0.00 | 0.00 | 5.02 |
2022/2023 | 12.11 | 0.80 | -4.48 | 1.16 | 3.45 | 0.10 | 2.90 | 0.95 | -3.31 | 1.41 | -3.38 | 1.51 | 12.95 |
2021/2022 | 2.49 | 3.63 | 1.06 | 0.97 | -2.04 | 3.73 | -5.51 | 0.79 | 3.25 | -3.57 | -7.68 | -8.93 | -12.21 |
2020/2021 | 1.80 | 7.97 | 4.68 | -1.01 | 11.73 | 1.77 | 1.32 | 2.72 | 1.71 | 4.17 | -1.83 | 1.66 | 42.51 |
2019/2020 | 6.20 | 0.62 | 5.07 | 3.78 | -2.50 | -0.21 | 0.81 | -8.33 | -26.18 | 15.50 | 8.15 | -0.80 | -4.17 |
2018/2019 | -0.23 | 2.64 | -0.88 | -8.79 | -2.94 | -4.12 | 1.36 | 3.89 | -0.82 | 1.93 | -1.85 | -0.38 | -10.32 |
2017/2018 | 4.73 | 0.50 | 2.15 | 3.17 | 2.40 | 5.19 | 1.96 | -1.69 | -1.85 | 1.91 | -0.23 | 2.93 | 23.00 |
2016/2017 | 2.73 | 5.98 | 2.99 | 0.61 | -1.28 | 2.05 | 2.07 | -2.38 | 0.35 | -0.74 | -1.74 | 1.46 | 12.44 |
2015/2016 | 2.03 | -3.58 | -0.98 | 5.78 | -0.78 | -0.91 | -2.14 | 0.83 | 3.94 | 2.76 | 2.50 | 0.89 | 10.40 |
2014/2015 | 3.72 | 4.76 | -2.41 | -1.40 | -3.05 | 1.74 | 2.24 | 7.00 | -1.13 | -3.30 | 1.46 | -2.43 | 6.78 |
2013/2014 | 9.79 | 3.41 | 4.62 | 1.74 | -2.91 | -2.84 | 1.50 | 3.52 | 1.83 | -2.99 | -0.41 | -0.90 | 16.79 |
2012/2013 | 6.11 | 4.65 | 2.83 | 5.61 | -0.84 | 3.08 | 5.22 | 2.61 | 0.91 | -6.15 | -2.86 | -5.40 | 15.82 |
2011/2012 | 4.42 | -2.76 | -5.91 | 6.34 | -3.18 | -0.52 | 2.79 | 4.76 | 1.89 | -1.18 | -4.41 | -1.40 | 0.01 |
2010/2011 | 2.81 | 2.67 | 10.48 | 4.64 | 0.65 | 10.15 | 1.53 | 3.65 | -3.66 | 0.18 | -2.29 | -5.43 | 26.96 |
2009/2010 | 4.92 | 10.98 | 7.86 | 3.42 | 4.10 | 2.88 | -0.83 | -3.62 | 3.58 | 0.46 | -2.94 | -2.86 | 30.46 |
2008/2009 | -5.49 | 1.05 | -6.97 | -17.59 | -8.22 | 1.19 | -3.49 | 2.92 | 4.61 | 3.33 | 3.46 | 2.01 | -22.96 |
2007/2008 | 1.29 | -4.77 | 1.73 | 3.61 | -3.41 | -0.70 | -14.94 | -1.28 | -9.13 | 1.54 | -1.06 | -9.30 | -32.21 |
2006/2007 | 2.72 | 5.17 | 3.92 | 9.10 | 2.35 | 11.73 | 4.96 | -0.63 | 2.66 | 2.74 | 4.12 | 4.92 | 68.32 |
2005/2006 | 3.39 | 4.59 | 4.17 | -0.42 | 2.28 | -0.08 | 6.98 | 2.37 | 4.29 | -0.58 | -2.13 | 0.94 | 28.56 |
2004/2005 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -0.46 | -5.91 | 1.14 | 0.50 | -4.81 |