Kernel NZ 20 Fund

The NZ 20 Fund delivers long-term capital growth by investing in the twenty largest companies listed on the New Zealand Exchange (NZX).

Designed to track the
S&P/NZX 20

Index

5 year p.a. return
to June 2020

16.57%*

The fund pays
distributions

Quarterly

Investment Management
Fee

0.39%

Fund Overview

Invest in the 20 largest listed companies in New Zealand that are collectively worth over $100 billion. Large and liquid, these companies account for much of the daily trading on the NZX. Holdings include four electricity companies, four transport companies, three real estate companies, two telecom companies and our largest NZ company, Fisher & Paykel Healthcare. While many of the companies are stable, this fund is likely to fluctuate with the world view of New Zealand, including our exchange rate, interest rate and export appeal. About 52% of the companies, by size, are dependent on export and tourism appeal.

Fund Performance

We believe past performance should not be relied on to make an investment choice, so we strive to provide a range information to assist in making the best choice for your goals.

Range of Returns

The best and the worst 12 month returns in the 10 years to June 2020*

$21,525

Growth of $10,000

For the 5 years to June 2020, you would be up 115%*

Investment Objective

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

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

Fund Holdings

Transparency is key and we think you should know which companies you own within our Fund. You can find out more about constituent selection here.

Company	Industry	% at 30 June 2020
Fisher & Paykel Healthcare	Health Care	18.40%
The a2 Milk Co	Consumer Staples	15.37%
Spark	Communication Services	8.78%
Auckland Intl Airport	Industrials	8.21%
Meridian Energy	Utilities	6.33%
Ryman Healthcare	Health Care	5.69%
Contact Energy	Utilities	4.71%
Mainfreight	Industrials	3.49%
Chorus	Communication Services	3.49%
Infratil	Utilities	3.23%
Fletcher Building	Materials	3.20%
Mercury NZ	Utilities	3.09%
EBOS Group	Health Care	2.66%
Port of Tauranga	Industrials	2.53%
Goodman Property	Real Estate	2.36%
Precinct Properties	Real Estate	1.77%
Kiwi Property Group	Real Estate	1.73%
SkyCity Entertainment	Consumer Discretionary	1.67%
Summerset Group	Health Care	1.54%
Z Energy	Energy	1.41%

Fund Returns

Since Inception

10.66%

3 months

15.04%

1 year

N/A

3 years

N/A

p.a

5 years

N/A

p.a

*Returns are after fees as at 30 June 2020. See our full performance disclaimer for more details.

Since Inception

N/A

3 months

14.79%

1 year

12.75%

3 years

17.48%

p.a

5 years

16.57%

p.a

*Returns are after fees as at 30 June 2020. See our full performance disclaimer for more details.

Risk and Returns

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. For more information, read our monthly fact sheet or most recent Fund Update.

Ready to invest in the NZ 20 Fund?

You may also call us on 0800 537 635 during 9am-5pm weekdays.

Legal

Support

About

Keep up-to-date with Kernel

For market updates and the latest news from Kernel, subscribe to our newsletter. Guaranteed goodness, straight to your inbox.

Indices provided by: