September, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned -1.94% for the quarter. The fund outperformed the market and delivered a +4.08% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202309.pdfAugust, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned -1.31% for August. The fund outperformed the market and delivered a +2.56% return over August.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202308.pdfJuly, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned +3.54% for July. The fund outperformed the market and delivered a +3.66% return over July.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202307.pdfJune, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned -0.54% for the quarter. The fund underperformed the market anddelivered a -0.91% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202306_FIN.pdfMay, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned -3.26% for May. The fund underperformed the market and delivered a -4.02% return over May.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202305.pdfApril, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned +2.78% for April. The fund underperformed the market and delivered a +2.74% return over April.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202304.pdfMarch, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned +1.88% for the quarter. The fund outperformed the market and delivered a +3.94% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202303.pdfFebruary, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned -3.70% for February. The fund outperformed the market and delivered a -2.43% return over February.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NOVA-FR-PSCF.pdfJanuary, 2023
The S&P/ASX Small Ordinaries Accumulation Index returned +6.56% for January. The fund underperformed the market and delivered a +3.17% return over January.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202301.pdfDecember, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +7.54% for the quarter. The fund underperformed the market and delivered a +5.39% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202212.pdfNovember, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +4.92% for November. The fund underperformed the market and delivered a +2.70% return over November.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202211.pdfOctober, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +6.46% for October. The fund underperformed the market and delivered a +4.78% return over October.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202210.pdfSeptember, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -0.47% for the quarter. The fund outperformed the market and delivered a +2.57% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202209.pdfAugust, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +0.58% for August. The fund underperformed the market and delivered a +0.41% return over August.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202208.pdfJuly, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +11.43% for July. The fund underperformed the market and delivered a +8.43% return over July.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202207.pdfJune, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -20.39% for the quarter. The fund underperformed the market and delivered a -20.47% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202206.pdfMay, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -7.01% for May. The fund underperformed the market and delivered a -8.82% return over May
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/npscf_fr_mth.pdfApril, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -1.50% for April. The fund underperformed the market and delivered a
-2.04% return over April.
March, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -4.21% for the quarter. The fund outperformed the market and delivered a -3.72% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202203.pdfFebruary, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned -0.01% for February. The fund outperformed the market and delivered a +0.45% return over February.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202202.pdfJanuary, 2022
The S&P/ASX Small Ordinaries Accumulation Index returned +2.03% for the quarter. The fund outperformed the market and delivered a +5.05% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202112-1.pdfDecember, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +2.03% for the quarter. The fund outperformed the market and delivered a +5.05% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_202112.pdfNovember, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned -0.31% for November. The fund underperformed the market and delivered a -1.03% return over November.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202111.pdfOctober, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +0.92% for October. The fund outperformed the market and delivered a +1.82% return over October.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/NPSCF_FR_mnth_202110.pdfSeptember, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +3.44% for the quarter. The fund underperformed the market and delivered a +2.80% return over the quarter.
The ASX Small Ordinaries (Accumulation) Index declined 2.1% last month, crimping returns in an otherwise strong quarter (+3.4%). The local market was buoyed by a strong August reporting season, although cautious outlook statements followed COVID-19 outbreaks and their associated lockdowns. At a macro level, the US Federal Reserve signalled plans to taper its enormous bond purchasing program in the relatively near term. This move saw yields on key bond tenors begin to rise and sparked debate about the potential for interest rate hikes to be pulled forward.
Domestically, The Reserve Bank of Australia maintains that the cash rate will not rise until 2024, but global inflation pressures are building and have remained more persistent in the US and Europe than policymakers anticipated. The rise in bond yields saw the tech-heavy NASDAQ fall 5.3% last month, with pressure also on local tech, growth, and high valuation companies with longer-dated cashflows.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/180018287.pdfAugust, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +4.98% for August. The fund underperformed the market and delivered a +3.84% return over August.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/178967112.pdfJuly, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +0.68% for July. The fund underperformed the market and delivered a -0.06% return over July.
Australian smaller companies rose in July despite renewed lockdowns crimping economic activity just ahead of the key August reporting season.
The ASX Small Ordinaries (Accumulation) Index rose 0.7% last month, buoyed by increasing local merger and acquisition activity, and strong consumer and business confidence. However, the resurgence of COVID-19 towards the end of the month dampened some enthusiasm, with optimism about the strong economy tempered by major shutdowns across the east coast. Whether the highly contagious Delta variant of the virus can be controlled is a critical question for corporate Australia and earnings momentum for the listed market.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/175739028.pdfJune, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +8.50% for the quarter. The fund underperformed the market and delivered a +7.34% return over the quarter Australian shares hit a record high last month on the back of a booming economy and synchronised global stimulus efforts. The ASX Small Ordinaries (Accumulation) Index rose 3.1% in June, closing out a very strong 8.5% quarterly gain for the smaller companies index. Notwithstanding last month's rally in technology and healthcare names, materials, energy, and financials were the strongest sectors for the June Quarter. Small resources stocks were up 13.6% for the three months ended 30 June, whole small industrials gained 7.3%.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/174432896.pdfMay, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +0.27% for May. The fund underperformed the market and delivered a -0.30% return over May.
While it was a subdued month for the ASX Small Ordinaries (Accumulation) Index with a rise of just 0.27% it followed a strong 5% gain over April.
Mining companies led the way finishing up 4.15% over May which backs up a 9.15% increase over the prior month. While some commodities prices took a breather over May, the upward trend since the COVID lows last year continues. Industrials struggled to keep up with the resources sector posting a 0.63% decline compared to a 3.91% increase in April. Nevertheless, broader economic activity levels remain favourable with major indicators such as house prices, building activity and business and consumer confidence levels all at buoyant levels while unemployment numbers continue to track down. Impetus for the economic rebound received an additional boost with the Federal budget reflecting recent government rhetoric that while assistance such as JobKeeper is no longer required, now is not the right time for winding back too much fiscal support or implementing reforms for the longer term which may impede the current rate of recovery.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/173450232.pdfApril, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +4.98% for April. The fund outperformed the market and delivered a +5.19% return over April.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/171644247.pdfMarch, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +2.09% for the quarter. The fund underperformed the market and delivered a +0.21% return over the quarter.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/170177777.pdfFebruary, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned +1.55% for February. The fund underperformed the market and delivered a -0.05% return over February.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/168016176.pdfJanuary, 2021
The S&P/ASX Small Ordinaries Accumulation Index returned -0.25% for January. The fund underperformed the market and delivered a -0.31% return over January.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/165714791.pdfDecember, 2020
The S&P/ASX Small Ordinaries Accumulation Index returned +13.83% for the quarter. The fund outperformed the market and delivered a +15.81% return over the quarter
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/163562455.pdfNovember, 2020
The S&P/ASX Small Ordinaries Accumulation Index returned +10.27% for November. The fund underperformed the market and delivered a +8.45% return over November.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/162342329.pdfOctober, 2020
The S&P/ASX Small Ordinaries Accumulation Index returned +0.46% for October. The fund outperformed the market and delivered a +0.96% return over October.
File: https://commentary.quantreports.net/wp-content/uploads/2020/12/160496537.pdfticker: HOW0016AU
commentary_block: Array
factsheet_url:
https://www.novaportcapital.com.au/our-funds/fund-reports/2021-2/
release_schedule: Monthly
fund_features:
NovaPort Smaller Companies 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. The investment process requires that a stock must be capable of delivering at least 50% return over a three-year period before it can be considered for the portfolio.
- Allocations across multiple industry sectors spanning Australia and New Zealand, and investment opportunities that individual investors usually cannot access on their own.
- Portfolio reflects the best ‘bottom-up’ ideas generated by NovaPort, resulting in a portfolio of between 25 and 45 securities.
- The exposure to New Zealand investments is not currently hedged.
manager_contact_details: Array
asset_class: Domestic Equity
asset_category: Australian Mid Cap
peer_benchmark: Domestic Equity - Mid Cap Index
broad_market_index: ASX Index MidCap 50 Index
structure: Managed Fund