Both are ASX Small Cap funds of same size (~$150M), same benchmark (S&P/ASX Small Ordinaries Accumulation Index), similar one year performance (SEC 44.7% after fees vs NSC 48.91% before fees), similar management fees (SEC 1.0%+20% NSC 1.15%+20%), equivalent dividend yield of ~5% gross with quarterly payment. Both are also present in Wilson's WAR fund.
Among the differences, SEC updates NTA daily vs monthly for NSC and SEC trades close to post-tax NTA whereas NSC trades at a discount close to 10%.
I tend to prefer SEC for their transparency (daily NTA updates and performance shown after fees) but with a discount gap of almost 10% it's a close call.
SEC Price at posting:
$2.60 Sentiment: Hold Disclosure: Held
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