Fact Sheet
As at March 2024
As at March 2024
NovaPort Microcap Fund
APIR: HOW0027AU
Manager Summary
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.
Strategy Summary
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.
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.
Key Terms
| Status: | Open | Inception Date: | Mar 2005 |
| Strategy: | Equity Long/Short | Style: | Blend |
| Geography: | Australia | Domicile: | Australia |
| Investors: | Wholesale & Retail | Min. Investment: | AU$ 10,000 |
| Distributions: | Quarterly | Applications: | Daily |
| Fund Size: | AU$ 62.38m | Management Fee: | 1.50% |
| Manager FUM: | Undisclosed | Performance Fee: | 20.00% |
Key Statistics
| Fund | Index* | Fund | Index* | ||
| Mar 2024: | 1.94% | 3.27% | Sharpe1: | 0.42 | 0.40 |
| 1 Year: | 5.32% | 14.45% | Sortino1: | 0.47 | 0.44 |
| 3 Years1,2: | 2.97% | 9.62% | Best Month1: | 15.50% | 10.21% |
| 5 Years1,2: | 7.41% | 9.15% | Worst Month1: | -26.18% | -20.65% |
| Inception1,2: | 8.86% | 7.91% | Volatility1,2: | 16.12% | 14.02% |
| Up-Capture1: | 46% | N/A | Down-Capture1: | 92% | N/A |
Cumulative Returns Fund Index
NovaPort Microcap Fund - Cumulative Performance vs ASX 200 Total Return
Drawdowns Fund Index
Drawdown%
Fund Index
Quintile Ranking vs. Equity Alternative - Australia Peer Group (123 funds) as at March 2024
1 Year
3 Year
5 Year
7 Year
NovaPort Microcap Fund
ASX200 Total Return
Quintile Rankings display Key Performance Indicators (KPI's) against the fund's Peer Group. Each green square ranks the fund in one quintile (or 20%) of its peer group - five green squares indicate the fund is in the best quintile for each KPI. The performance of the peer group's underlying index is shown by a red dot.