Kernel NZ 20

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

10 year p.a. return 
to March 2021

15.16%*

The fund pays
distributions

Quarterly

Management fee
p.a. (before rebate)

0.39%

Indicative dividend
yield at 31 March 2021

2.06%

Fund 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. You can read more about the index criteria here.

Fund Performance

We believe past performance should not be relied on to make an investment choice, so we strive to provide a range of 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 March 2021*

$19,672

Growth of $10,000

For the 5 years to March 2021, you would be up 96.72%*

Investment Objective

The fund is designed to provide capital growth and income generation

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

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 holdings

CompanyIndustry% as at 31 March 2021
Fisher & Paykel HealthcareHealth Care16.16%
Auckland International AirportIndustrials9.17%
SparkCommunication Services8.04%
Meridian EnergyUtilities6.56%
The a2 Milk CompanyConsumer Staples6.20%
Ryman HealthcareHealth Care6.15%
MainfreightIndustrials5.69%
Fletcher BuildingMaterials5.65%
Contact EnergyUtilities5.20%
InfratilUtilities4.99%
Mercury NZUtilities3.95%
EBOS GroupHealth Care3.80%
ChorusCommunication Services3.07%
Summerset GroupHealth Care2.69%
SkyCity EntertainmentConsumer Discretionary2.56%
Goodman PropertyReal Estate2.41%
Port of TaurangaIndustrials2.34%
Kiwi Property GroupReal Estate1.89%
Precinct PropertiesReal Estate1.70%
Z EnergyEnergy1.43%


Sector holdings

Returns

Since Inception

19.77%

3 months

-5.28%

1 year 

23.73%

5 years

N/A

p.a

10 years

N/A

p.a

*Returns are after fees as at 31 March 2021. 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.

Group 53 (1)

Ready to invest in the NZ 20 Fund?

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

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Copyright 2020 – Kernel Wealth Limited 

Indices provided by: 

CompanyIndustry% as at 31 March 2021
Fisher & Paykel HealthcareHealth Care16.16%
Auckland International AirportIndustrials9.17%
SparkCommunication Services8.04%
Meridian EnergyUtilities6.56%
The a2 Milk CompanyConsumer Staples6.20%
Ryman HealthcareHealth Care6.15%
MainfreightIndustrials5.69%
Fletcher BuildingMaterials5.65%
Contact EnergyUtilities5.20%
InfratilUtilities4.99%
Mercury NZUtilities3.95%
EBOS GroupHealth Care3.80%
ChorusCommunication Services3.07%
Summerset GroupHealth Care2.69%
SkyCity EntertainmentConsumer Discretionary2.56%
Goodman PropertyReal Estate2.41%
Port of TaurangaIndustrials2.34%
Kiwi Property GroupReal Estate1.89%
Precinct PropertiesReal Estate1.70%
Z EnergyEnergy1.43%

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