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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
| Company | Industry | % as at 31 March 2021 |
|---|---|---|
| Fisher & Paykel Healthcare | Health Care | 16.16% |
| Auckland International Airport | Industrials | 9.17% |
| Spark | Communication Services | 8.04% |
| Meridian Energy | Utilities | 6.56% |
| The a2 Milk Company | Consumer Staples | 6.20% |
| Ryman Healthcare | Health Care | 6.15% |
| Mainfreight | Industrials | 5.69% |
| Fletcher Building | Materials | 5.65% |
| Contact Energy | Utilities | 5.20% |
| Infratil | Utilities | 4.99% |
| Mercury NZ | Utilities | 3.95% |
| EBOS Group | Health Care | 3.80% |
| Chorus | Communication Services | 3.07% |
| Summerset Group | Health Care | 2.69% |
| SkyCity Entertainment | Consumer Discretionary | 2.56% |
| Goodman Property | Real Estate | 2.41% |
| Port of Tauranga | Industrials | 2.34% |
| Kiwi Property Group | Real Estate | 1.89% |
| Precinct Properties | Real Estate | 1.70% |
| Z Energy | Energy | 1.43% |
Sector holdings
Returns
Fund Returns
Index 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.
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
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