NAOS Emerging Opportunities
Company Limited (NCC)

ABOUT THE COMPANY

The NAOS Emerging Opportunities Company (NCC) offers investors the ability to gain exposure to Australian emerging companies (ASX ex 100) which have a long-term demonstrated track record of performing. The investment approach we adopt is concentrated and long/short in nature, focusing only on investments we believe will be value accretive for shareholders.

We place primary emphasis on protecting investors’ capital and to that end have the flexibility to hold up to 100% of the portfolio in cash. We understand the importance of providing our investors with regular tax-effective income and as such we have sought to build on the dividend profile of the Company over time.

Fund Fact Sheet  (PDF. 151.84KB)   DOWNLOAD

NET TANGIBLE ASSET

Net Tangible Assets as at 31/07/2017

Pre Tax NTA$1.35
Post Tax & Pre Unrealised Gains Tax:$1.33
After Tax NTA$1.27

PERFORMANCE

Demonstrating a clear alignment of interests with our shareholders and unitholders, we have tied our remuneration to the performance success of the vehicles we manage.

The NAOS Emerging Opportunities Company (ASX: NCC) is focused both on delivering an attractive fully franked yield for investors and growth in shareholder value. Since its inception in February 2013, the Company has delivered in excess of its stated targeted dividend of 4% p.a. and the Company can be categorised as a having a ‘growing dividend profile’, having delivered increases in dividends paid period-on-period. We understand this is a particularly attractive feature for SMSFs and investors looking for a strong and reliable income stream.

Since its inception in February 2013, the Company has produced compelling performance in its underlying investment portfolio, having significantly outperformed its stated benchmark, the ASX Small Ordinaries Accumulation Index. The process of selecting investment opportunities encompasses five key steps resulting in a portfolio that is concentrated in nature (0-20 positions). Such concentration seeks to maximise shareholder exposure to companies we believe are high quality but undervalued, often due to being overlooked, and therefore inefficiently priced by the wider investment community. The Company is also able to hold 100% cash at any one time to maintain its ability to protect investors’ capital in times of high market volatility.

NAOS Emerging Opportunities Company as at 31/07/2017

1 month (%)1 Year (%)2 Year (% p.a.)3 Years (% p.a.)4 Years (% p.a.)Since Inception (% p.a)Since Inception (Nom.)
NCC Investment Portfolio Performance+3.43%+11.11%+19.08%+12.87%+15.38%+18.78%+114.17%
S&P/ASX Small Ordinaries Accumulation Index (XSOAI)+0.34%-1.09%+9.97%+5.55%+6.18%+3.40%+15.96%
Outperformance Over Benchmark+3.09%12.20%+9.11%+7.32%+9.20%+15.38%+98.21%

Investment portfolio performance is post all operating expenses, before fees and taxes. Performance has not been grossed up for franking credits received by shareholders. Inception date is 26th February 2013.

Performance Graph

Investments can go up and down. Past performance is not necessarily indicative of future performance. Returns are quoted post all operating expenses, before fees and taxes and assume Inception since 26-Feb-13.

HISTORICAL DIVIDENDS

Since its inception in February 2013, the Company has delivered in excess of its stated targeted dividend of 4% p.a. and the Company can be categorised as a having a ‘growing dividend profile’, having delivered increases in dividends paid period-on-period. We understand this is a particularly attractive feature for SMSFs and investors looking for a strong and reliable income stream.

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. To participate in the DRP, please refer to information contained in Shareholder Information section of this page.

 

 

Cents per ShareDate Payable% FrankedTypeDRP Price
3.5021.04.2017100%Interim140.78
3.5011.11.2016100%Final138.74
3.2529.04.2016100%Interim99.76
3.0012.11.2015100%Final98.00
3.2520.04.2015100%Interim104.98
3.0008.12.2014100%Final105.69
2.7508.04.2014100%Interim103.36
2.5023.10.2013100%Final105.69

Past performance is not necessarily indicative of future performance. Inception since 26-Feb-13. Performance figures are net of fees.

Fund Report Cover

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 Emerging Opportunities Company is traded on the Australian Stock Exchange (ASX: NCC) 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 BT Wrap/Super Wrap, Macquarie Investment and Super Wrap, Netwealth, HUB-24 and MLC Navigator.

Once invested shareholders can elect to participate in the Company’s Dividend Reinvestment Plan (DRP). The plan allows shareholders to elect to receive their dividends in shares rather than cash. Rather than issuing new shares to meet the demand of the DRP, the Company instead buys shares ‘on market’ thereby avoiding any potential dilution to the Company’s NTA.

SHAREHOLDER INFORMATION

Dividend Reinvestment Plan (DRP)

The Company operates a DRP. Further information regarding 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 NCC

Annual Report

The Company’s latest Annual Report can be downloaded here: Annual Report

ASX ANNOUNCEMENTS