NovaPort Smaller Companies Fund


The NovaPort Smaller Companies Fund invests primarily in companies outside the 100 largest companies listed on the Australian Securities Exchange at the time they are first acquired.

NovaPort believe there are inefficiencies in investment markets, particularly amongst the market for smaller listed companies. Generally, smaller companies are not as comprehensively researched as larger companies so investors may be less likely to recognise their investment potential. NovaPort works to identify and take advantage of such inefficiencies in the market.

Interests in the NovaPort 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.

Fund objective

The Fund is designed to provide investors with a diversified portfolio of smaller Australian companies that aims to outperform the S&P/ASX Small Ordinaries Accumulation Index over rolling three-year periods.

Investment approach

NovaPort is an active investment manager.  NovaPort's approach to managing the Fund is based on paying 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 order to minimise downside risk.

Update of information

Update to the buy and sell spreads 1 October 2014

Fidante Partners has reviewed the buy and sell spreads applicable to all Funds in light of recent sustained market movements of transaction costs. We have seen a consistent change in the level of transaction costs incurred across a number of the asset classes and have decided to change the buy and sell spreads applicable to the Fund from +0.40%/-0.40% to +0.30%/-0.30%.  These changes are effective from 1 October 2014.

Buy and sell spreads are determined and applied in the same manner as disclosed in the Fund's Product Disclosure Statement.