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  5. NovaPort Smaller Companies Class B - Managed fund profile

NovaPort Smaller Companies Class B - Managed Fund

Fund Objective
The Fund is designed to provide investors with a diversified portfolio of smaller Australian companies that aims to outperform its benchmark over rolling three-year periods.
Fund Strategy
The Fund will primarily be invested in the shares of companies listed on the ASX, but not included in the ASX 100 at the time they are first acquired on behalf of the Fund. Up to 10% of the Fund can be invested in unlisted companies, usually those that intend to list within six months. The Fund may also invest in listed New Zealand companies and a proportion may also be held in cash. The Fund can invest in listed equity securities or hybrid equity securities such as convertible notes, redeemable preference shares and partly paid shares.

Fund Performance Comparison

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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.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.22% 1.22% 23.36% 38.25% 18.86% 6% 6.52% 6.33%
Growth return 1.22% 1.22% -99.64% -% -93.66% -85.39% -67.84% -42.94%
Income return 0% 0% 123% -% 112.52% 91.39% 74.36% 49.27%
Market index (S&P/ASX Small Ordinaries TR AUD)
Total return 0.8% 3.77% 5.84% 26.65% 9.63% -0.61% 4.65% 7.11%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

NovaPort Smaller Companies Class B
Australian Equities
93.78%
Cash
6.22%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
91.62%
Cash
4.02%
International Equities
2.99%
Property
1.10%
Fixed Interest
0.02%
Alternatives
0.26%

General Information

Fund Details
Type Description
NovaPort Smaller Companies Class B
Fidante Partners Limited
HOW0017AU
Equity Australia Mid/Small Blend
starstarstar (as at 30 Sep 2024)
Investment Fund
2 Sep 2002
$0.04 million (as at 31 Jul 2024)
$0.0083 (as at 20 Nov 2024)
$0.0083 (as at 20 Nov 2024)
Closed
Offer information
Type Description
Standard entry fee 4%
MER 1.50% (as at 17 Jan 2024)
Indirect Cost Ratio (ICR) 1.50% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $10,000.00
Minimum redemption amount $1,000.00

Top 10 holdings (as at 31 May 2023)

Holding (as at 31 May 2023) Type % of Portfolio
Estia Health Ltd Equity 4.65%
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FAQs about the NovaPort Smaller Companies Class B

The objective of the NovaPort Smaller Companies Class B managed fund is The Fund is designed to provide investors with a diversified portfolio of smaller Australian companies that aims to outperform its benchmark over rolling three-year periods.

The strategy of the NovaPort Smaller Companies Class B managed fund is The Fund will primarily be invested in the shares of companies listed on the ASX, but not included in the ASX 100 at the time they are first acquired on behalf of the Fund. Up to 10% of the Fund can be invested in unlisted companies, usually those that intend to list within six months. The Fund may also invest in listed New Zealand companies and a proportion may also be held in cash. The Fund can invest in listed equity securities or hybrid equity securities such as convertible notes, redeemable preference shares and partly paid shares.

The APIR code of the NovaPort Smaller Companies Class B managed fund is HOW0017AU.

NovaPort Smaller Companies Class B’s total return last month was 1.22%. This was made up of a growth return of 1.22% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

NovaPort Smaller Companies Class B’s total return for the last three months was 1.22%. This was made up of a growth return of 1.22% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

NovaPort Smaller Companies Class B’s one-year total return is 38.25%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

NovaPort Smaller Companies Class B’s one-year total return is 6%. This was made up of a growth return of -85.39% and an income return of 91.39%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the NovaPort Smaller Companies Class B managed fund is :

Australian Equities
93.78%
Cash
6.22%
International Equities
0%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the NovaPort Smaller Companies Class B managed fund is Fidante Partners Limited.

The NovaPort Smaller Companies Class B managed fund belongs to the Equity Australia Mid/Small Blend sector/asset class.

As at 31 Jul 2024, the size of the NovaPort Smaller Companies Class B managed fund was $0.04 million.

The NovaPort Smaller Companies Class B managed fund has an inception date of 2 Sep 2002.

The current entry price of the NovaPort Smaller Companies Class B managed fund is $0.0083 per unit and the current exit price is $0.0083 per unit (as at 20 Nov 2024).

The current exit price of the NovaPort Smaller Companies Class B managed fund is $0.0083 per unit and the current entry price is $0.0083 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the NovaPort Smaller Companies Class B 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.