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Copyright 2019 – Kernel Wealth Limited
Indices provided by:
DESIGNED TO TRACK THE
INDEX
S&P/NZX REAL ESTATE SELECT
THE NUMBER OF COMPANIES
8
YOU’RE INVESTED IN
ASSET CLASS
NZ SHARES
THE FUND PAYS
QUARTERLY
DISTRIBUTIONS
INVESTMENT MANAGEMENT
0.39%
FEE
About the Fund
Kiwis love property. While this is no stretch of houses or developer of a new subdivision, it is a diversified exposure to eight large Real Estate Investment Trusts, who own and manage commercial property portfolios. That 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, while being a good hedge against inflation. However, unlike bonds, the distributions are not guaranteed and valuations will vary with the business cycle.
Fund Highlights
Range of Returns
The best and worst 12 month return in the 10 years to December 2019*
Growth of $10,000
$19,364
For the 5 years to December 2019, you would be up 93%*
Investment Objective
*These are gross index returns, not including fees or taxes.
Fund Holdings
| Company | Industry | % at 29 Feb 2020 |
|---|---|---|
| Goodman Property | Diversified Real Estate | 19.14% |
| Precinct Properties | Office Real Estate | 17.46% |
| Kiwi Property Group | Retail Real Estate | 16.20% |
| Property for Industry | Industrial Real Estate | 12.64% |
| Argosy Property | Diversified Real Estate | 11.83% |
| Vital Healthcare | Health Care Real Estate | 9.93% |
| Stride Property | Diversified Real Estate | 8.34% |
| Investore | Retail Real Estate | 4.24% |
Fund Returns
| At 29 Feb 2020 | 3 Months | 1 Year | 3 Year | 5 Year | Since inception |
|---|---|---|---|---|---|
| Return | 2.95% | 27.73%** | 17.60%** | 13.23%** | 3.00% |
Returns Disclaimer: Investor returns are calculated on unit price movement, assuming distributions are reinvested and after fees, but before your applicable PIE tax. Fund inception date is 28 Aug 2019.
**Gross index return figures, not including fees or taxes, have been used for time periods where the fund has not been in existence. All yearly returns are annualised.
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 the Fund Update and PDS.
Start investing today.
1.
Answer a few questions to open your account in under 5 minutes
2.
Deposit your money and choose your first investment
3.
Starting building your personalised wealth portfolio