Latest Fund Factsheet
Updated: 31.10.2024
NZ 20
Designed for long-term capital growth, the NZ 20 fund invests in 20 of the largest companies listed on the NZX.
5-10 Years
Minimum suggested investment time frame
5.01%
5 year p.a index return as at 31 October 2024
2.78%
Indicative dividend yield as at 31 October 2024
0.25%
Management fee p.a.
Overview
Invest in 20 of the largest listed blue-chip companies in New Zealand that are collectively worth over $100 billion. This fund tracks the S&P/NZX 20 Index and provides broad diversification across a range of sectors including utilities, real estate, telecommunication and healthcare.
Large and liquid, these companies account for much of the daily trading on the NZX and their competitive positioning means these companies have been more resilient to market declines. This fund is likely to fluctuate with the world view of New Zealand, including our exchange rate, interest rate and export appeal.
Where is my money?
Take comfort in knowing which companies and locations your money is invested in.
holdings
Fund holdings as at 31 October 2024
| Company | Country | Industry | Weighting |
|---|---|---|---|
Fisher & Paykel Healthcare Corp Ltd | NZ | Health Care | 14.06% |
IL Infratil Limited | NZ | Financials | 12.00% |
Auckland International Airport | NZ | Industrials | 10.70% |
Meridian Energy | NZ | Utilities | 7.44% |
Contact Energy Ltd | NZ | Utilities | 6.68% |
Mainfreight Limited | NZ | Industrials | 6.04% |
Sector composition
This graph shows the fund allocation according to the type of industry.
Health Care (25.6%)
Industrials (23.5%)
Utilities (18.5%)
Financials (12.0%)
Communication Services (8.9%)
Real Estate (5.6%)
Consumer Staples (4.5%)
Other (1.0%)
Country and Sector composition as at 31 October 2024.
Returns
As at 31 October 2024
1.55%
3 months
19.20%
1 year
N/A
3 years
4.76%
5 years
4.85%
Since inception
Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). See our full performance disclaimer for more details.
Risk
The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance.
1
2
3
4
5
6
7
Lower risk
Higher risk
Performance
Range of Returns
-15.41% vs 39.44%
The lowest and highest 12 month returns, in 5 years as at 31 October 2024*
Growth of 10K
$12,419.50
For the 5 years as at 31 October 2024, an investment of $10,000 would be up 27.68%*
Investment Objective
Growth & Income
The fund is designed to provide long-term capital growth and income generation.
*These are the gross benchmark returns, not including fees or taxes.
Related articles
Home & Away – Investing in Global vs NZ Shares
What proportion of your portfolio should you consider having in global vs NZ shares? We help you...
Stephen Upton
27 October 2023
The NZ 20 vs NZ 50
Wondering whether you should invest in the NZ 50 Fund or the NZ 20 Fund? Find out why the NZ20 is...
Dean Anderson
18 July 2024
How Can Kernel Funds Fit Together?
Whether you're new to investing or a seasoned pro, now you can build a portfolio of low-cost,...
Stephen Upton
22 September 2023
Ready to start your
investment journey?
Open a Kernel account in minutes. Start investing in days.
Get started