NovaPort Wholesale Smaller Companies Fund

Performance Summary as at March 2024

The NovaPort Wholesale Smaller Companies Fund has a track record of 23 years and 9 months and has outperformed the ASX 200 Total Return benchmark since inception in July 2000, providing investors with an annualised return of 13.66% compared with the benchmark's return of 8.16% over the same period.

On a calendar year basis, the fund has experienced a negative annual return on 4 occasions in the 23 years and 9 months since its inception. Over the past 12 months, the fund's largest drawdown was -6.56% vs the index's -7.19%, and since inception in July 2000 the fund's largest drawdown was -50.17% vs the index's maximum drawdown over the same period of -47.19%. The fund's maximum drawdown began in January 2008 and lasted 3 years and 2 months, reaching its lowest point during February 2009. The fund had completely recovered its losses by March 2011.

The Manager has delivered these returns with 2.44% more volatility than the benchmark, contributing to a Sharpe ratio which has fallen below 1 five times over the past five years and which currently sits at 0.68 since inception. The fund has provided positive monthly returns 88% of the time in rising markets and 27% of the time during periods of market decline, contributing to an up-capture ratio since inception of 138% and a down-capture ratio of 96%.