NAOS Absolute Opportunities
Company Limited (NAC)

ABOUT THE COMPANY

The NAOS Absolute Opportunities Company (ASX:NAC) is a listed investment vehicle that seeks to provide investors with positive absolute returns via exposure to investment opportunities both in Australia and Offshore. Our primary objective is to protect capital in all market conditions and to provide long term capital growth and regular tax-effective income to investors.

Fund Fact Sheet (PDF. 87.45KB)   DOWNLOAD

NET TANGIBLE ASSET

Net Tangible Assets as at 31/7/2017

Pre Tax NTA$1.07
Post Tax & Pre Unrealised Gains Tax$1.09
After Tax NTA$1.07

PERFORMANCE

The Company seeks to provide investors with a positive absolute return regardless of market conditions, and whilst providing investors with a targeted yield of 4% p.a. (franked to the maximum extent possible).

NAOS has been successfully managing a similar unlisted vehicle for close to 10 years and has produced significant outperformance, relative to benchmark, on a ‘since inception’ basis.

Performance Graph

Investment Portfolio Performance to 31/7/17*

1 Month (%)6 Month (%)1 Year (%)2 Year (p.a. %)Since Inception (p.a. %)Since Inception (Nominal)%
NAC Investment Portfolio Performance* -0.54%-3.88%+2.22%+17.33%+16.34%+50.84%
Benchmark (RBA Cash Rate + 250bps)+0.36%+2.13%+4.36%+4.84%+4.72%+13.35%
Performance Relative to Benchmark-0.90%-6.01%-2.14%+12.49%+11.62%+37.49%

*Investment portfolio performance is post all operating expenses, before fees, taxes. Performance has not been grossed up for franking credits received by shareholders. Inception date was 12th November 2014.

HISTORICAL DIVIDENDS

The Board of the Company is committed to paying a progressive stream of fully franked dividends to shareholders on a six-monthly basis provided the Company has sufficient franking credits, retained earnings and it is prudent to do so.

The Dividend Reinvestment Plan is in operation. If you decide to participate fully in the DRP, the Company will issue shares to you in lieu of a cash dividend. Participating shareholders will be entitled to be allotted the relevant number of shares.To participate in the DRP, please refer to the Shareholder Information section of the website.

The Dividend Reinvestment Plan is in operation. To participate in the DRP, please refer to information contained in Shareholder Information section of this page.

Cents per ShareDate Payable% FrankedTypeDRP Price
0.025028.04.2017100%Interim110.31
0.025030.11.2016100%Final115.34
0.022512.05.2016100%Interim99.65
0.020013.11.2015100%Final97.24
Research on the Company is available via a selection of broker houses and quarterly by Independent Investment Research (IIR). Copies of the latest reports can be downloaded here:
Patersons Research | Listed Investment Companies March 2017
Patersons Research | Listed Investment Companies December 2016
Independent Investment Research – October 2016
Bell Potter LIC Quarterly – June Quarter 2016
Report Cover NAC

MONTHLY INVESTMENT REPORT

Our Monthly Investment Report provides you with information pertaining to the NTA of the Company, performance and attribution metrics of the underlying investment portfolio, a snapshot with regard to portfolio positioning, and commentary regarding market conditions and key themes over the month.

We actively encourage feedback from our investors. As such, should you require information in addition to that provided in our reports, please let us know via email (enquiries@naos.com.au).

DOWNLOAD

Monthly Investment Report Archive

HOW TO INVEST

The NAOS Absolute Opportunities Company is traded on the Australian Stock Exchange (ASX: NAC) and can be bought and sold either via your broker or your financial adviser.

Shares in the Company may also be bought and sold via the following platform providers:

BT Wrap/Super Wrap, Macquarie Wrap, Netwealth, HUB-24, MLC Navigator

The Company offers a Dividend Reinvestment Plan (DRP), where a shareholder may elect to receive their dividend payment in shares rather than cash. For more details please visit the Shareholder Information section below.

Shareholder Information

Dividend Reinvestment Plan (DRP)

The Company is currently operating a DRP.  Further information about the DRP can be found in the participation rules.

To participate in the DRP, please click here: www.investorserve.com.au.

Rules for participation in the DRP can be downloaded here: DRP Rules NAC

Annual Report

A copy of the Company’s latest Annual Report can be downloaded here: Annual Report

ASX ANNOUNCEMENTS