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NZ 20

Designed for long-term capital growth, the NZ 20 fund invests in 20 of the largest companies listed on the NZX.

11.64%

5 year p.a. index return as at 31 January 2024

2.64%

Indicative dividend yield as at 31 January 2024

0.25%

Management fee p.a.

Overview

How is this fund different to others?

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.

Holdings

As at January 31, 2024

Transparency is key and we think you should know which companies you own within our Fund. There are currently 20 companies in the Fund, spread across 9 sectors. You can find out more about constituent selection here.

CompanyCountryIndustryWeight

Fisher & Paykel Healthcare Corp Ltd

NZ

Health Care

13.81%

Auckland International Airport

NZ

Industrials

11.10%

Spark New Zealand Limited (NZ Registered)

NZ

Communication Services

9.74%

Infratil Limited

NZ

Industrials

8.81%

Meridian Energy

NZ

Utilities

6.91%

Contact Energy Ltd

NZ

Utilities

6.37%

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Performance

  • Range of returns

    -15.41%

    VS

    39.44%

    The lowest and highest 12 month returns, in 5 years to the end of January 2024*

  • Growth of $10k

    $14,763

    For the 5 years to 31 January 2024, an investment of $10,000 would be up 47.63%*

  • Investment Objective

    Growth & Income

    The fund is designed to provide long-term capital growth and income generation.

*These are the gross index returns, not including fees or taxes.

Returns

As at January 31, 2024

  • 11.56%

    3 months

  • 1.02%

    1 year

  • N/A

    5 years

  • N/A

    10 years

  • 19.63%

    Since Inception

Fund returns are after fees and at 0% PIR tax. 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.

Potentially Lower Returns

Potentially Higher Returns

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Documents & Resources

Latest Fund Factsheet

Updated: 31.01.2024

Kernel Funds Latest Fund Update

Updated: 31.12.2023

Kernel KiwiSaver Plan Fund Update

Updated: 31.12.2023

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Indices provided by: S&P Dow Jones Indices