Skip to main content

NZ Commercial Property

The Commercial Property Fund delivers diversification in the property sector by investing in the eight largest REITs on the New Zealand Exchange (NZX).

3.58%

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

5.63%

Indicative dividend yield as at 31 January 2024

0.25%

Management fee p.a.

Overview

How is this fund different to others?

Kiwis love property. This fund provides a diversified investment into eight listed Real Estate Investment Trusts, who own and manage commercial property portfolios. This includes office buildings, industrial estates and shopping malls. Leveraging at an average of 30%, the underlying companies provide a varied exposure to over 300 properties throughout New Zealand. This fund can provide a regular income stream, however unlike bonds, the distributions are not guaranteed and valuations will vary with the business cycle. This fund tracks the S&P/NZX Real Estate Select index.

Holdings

As at January 31, 2024

CompanyCountryIndustryWeight

Precinct Properties New Zealand Limited

NZ

Office REITs

18.02%

Goodman Property Trust

NZ

Industrial REITs

17.49%

Kiwi Property Group Limited

NZ

Retail REITs

15.60%

Property for Industry Limited

NZ

Industrial REITs

12.89%

Vital Healthcare Property

NZ

Health Care REITs

12.21%

Argosy Property Ltd

NZ

Diversified REITs

11.07%

Logos provided by Clearbit

Performance

  • Range of returns

    -22.32%

    VS

    51.66%

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

  • Growth of $10k

    $11,921

    For the 5 years to 31 January 2024, an investment of $10,000 would be up 19.21%*

  • 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

  • 11.62%

    3 months

  • 3.80%

    1 year

  • 3.58%

    5 years

  • 8.95%

    10 years

Index returns are total returns gross of imputation credits where applicable, not including fees or taxes. All yearly returns are annualised.

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

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7

Lower Risk

Higher Risk

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

Funds you may be interested in...

Time to give your money a new home?

Open a Kernel account in minutes.

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.


© Copyright 2024 Kernel Wealth Limited

|

Indices provided by: S&P Dow Jones Indices