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NZ Small & Mid Cap Opportunities

The Fund invests in a broad range of smaller companies listed on the New Zealand Exchange (NZX), and is the first NZ Index fund to invest outside of the S&P/NZX 50.

5-10 Years

Minimum suggested investment time frame

-1.17%

5 year p.a index return as at 30 September 2024

4.29%

Indicative dividend yield as at 30 September 2024

0.25%

Management fee p.a.


Overview

The Small & Mid Cap Opportunities Fund invests in companies outside of the NZ 20, who have a market capitalisation of between $100 million and $1 billion. This fund gives investors access to smaller and growing NZ companies across a diverse mix of sectors including real estate, technology, healthcare, tourism, consumer staples.

It includes a range of iconic household names such as Briscoes, Hallenstein Glasson and NZX. This fund tracks the S&P/NZX Emerging Opportunities Index, which combined with the NZ 20 fund, represents the entire investible universe on the NZX. The Fund is likely to fluctuate in line with the general business cycle. Its high allocation to the real estate sector also provides a solid income stream.

Where is my money?

Take comfort in knowing which companies and locations your money is invested in.

holdings

Fund holdings as at 30 September 2024

CompanyCountryIndustryWeighting

Arvida Group Limited

NZ

Health Care

8.31%

Gentrack Ltd (NZ Register)

NZ

Information Technology

7.57%

Skellerup Holdings Ltd

NZ

Industrials

6.08%

Vital Healthcare Property

NZ

Real Estate

6.06%

Argosy Property Ltd

NZ

Real Estate

6.06%

Heartland Group Holdings Limited

NZ

Financials

5.82%

Logos provided by Clearbit

Sector composition

This graph shows the fund allocation according to the type of industry.

Real Estate (19.8%)

Information Technology (15.1%)

Health Care (12.7%)

Financials (11.4%)

Industrials (9.8%)

Consumer Discretionary (9.7%)

Consumer Staples (8.4%)

Other (13.0%)

Country and Sector composition as at 30 September 2024.

Returns

As at 30 September 2024

17.66%

3 months

7.75%

1 year

-10.27%

3 years

-1.48%

5 years

-0.89%

Since inception

Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). See our full performance disclaimer for more details.

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.

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Lower risk

Higher risk

Performance

Range of Returns

-36.78%
vs
95.42%

The lowest and highest 12 month returns, in 5 years as at 30 September 2024*

Growth of 10K

$9,426.24

For the 5 years as at 30 September 2024, an investment of $10,000 would be up -5.74%*

Investment Objective

Capital Growth

The fund is designed to focus on capital growth and is a great satellite holding.

Documents

Latest Fund Factsheet

Updated: 30.09.2024

Kernel Funds Latest Fund Update

Updated: 30.06.2024

Kernel KiwiSaver Plan Fund Update

Updated: 30.06.2024

See the historical fund updates here

Related articles

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Indices provided by: S&P Dow Jones Indices