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 October 31, 2023

Company	Country	Industry	Weight
Argosy Property Ltd	NZ	Real Estate	7.59%
Skellerup Holdings Ltd	NZ	Industrials	7.49%
Arvida Group Limited	NZ	Health Care	6.95%
Stride Property Limited	NZ	Real Estate	6.29%
Tourism Holdings Ltd	NZ	Industrials	5.11%
KMD Brands Limited	NZ	Consumer Discretionary	4.64%
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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 October 2023*

• Growth of $10k

  $9,019

  For the 5 years to 31 October 2023, an investment of $10,000 would be down -9.81%*

• 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.

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.