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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.

-0.27%

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

4.92%

Indicative dividend yield as at 31 January 2024

0.25%

Management fee p.a.

Overview

How is this fund different to others?

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.

Holdings

As at January 31, 2024

CompanyCountryIndustryWeight

Argosy Property Ltd

NZ

Real Estate

8.03%

Skellerup Holdings Ltd

NZ

Industrials

7.63%

Arvida Group Limited

NZ

Health Care

6.61%

Stride Property Limited

NZ

Real Estate

6.39%

Tourism Holdings Ltd

NZ

Industrials

5.75%

Gentrack Ltd (NZ Register)

NZ

Information Technology

4.99%

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Performance

  • Range of returns

    -36.78%

    VS

    95.42%

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

  • Growth of $10k

    $9,866

    For the 5 years to 31 January 2024, an investment of $10,000 would be down -1.34%*

  • Investment Objective

    Capital Growth

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

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

Returns

As at January 31, 2024

  • 5.70%

    3 months

  • -5.72%

    1 year

  • N/A

    5 years

  • N/A

    10 years

  • -9.39%

    Since Inception

Fund returns are after fees and at 0% PIR tax. 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.

Potentially Lower Returns

Potentially Higher Returns

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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

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Indices provided by: S&P Dow Jones Indices