NCC invests in a portfolio of emerging companies, which is classified as generally ex-100 stocks by the Manager. Given the portfolio will be invested in emerging companies, the portfolio will likely experience greater volatility than an investment in a market index which includes both small and large cap companies.

This is our flagship quarterly research publication on the listed managed investments. Individual profiles of the various LICs are collated in this publication for the reader's convenience.

The manager’s investment process is a fundamentally driven security selection process. Investment ideas are derived from monitoring economic and industry trends as well as contact with company management. Once investment opportunities are identified, a screening process is undertaken.

The Fund aims to provide investment returns that closely correspond to the performance of the UBS Research Preferred Index, before fees and expenses. The UBS Research Preferred Index is constructed by UBS Securities Australia Limited and is based on a selection of Australian equities covered by the UBS equity research team

The company aims to provide shareholders with attractive investment returns through access to a steady stream of fully franked dividends and medium-to-long term capital growth from an investment in a diverse portfolio of ASX-listed companies.