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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 year p.a. return
to March 2021
8.11%*
The fund pays
distributions
Quarterly
Management fee
p.a. (before rebate)
0.39%
Indicative dividend
yield at 31 March 2021
2.10%
Fund 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. Formerly known as NZ Level 9, 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.
Fund Performance
We believe past performance should not be relied on to make an investment choice, so we strive to provide a range of information to assist in making the best choice for your goals.
Range of Returns
The best and the worst 12 month returns in 10 years to end of March 2021*
$14,768
Growth of $10,000
For the 5 years to March 2021, you would be up 47.68%*
Investment Objective
The fund is designed to provide capital growth and diversification.
*These are the gross index returns, not including fees or taxes.
Holdings
Transparency is key and we think you should know which companies you own within our Fund. You can find out more about constituent selection here.
| Company | Industry | % as at 31 March 2021 |
|---|---|---|
| Vital Healthcare Property Trust | Real Estate | 6.33% |
| Stride Stapled Group | Real Estate | 6.07% |
| Air New Zealand | Industrials | 5.19% |
| Heartland Group | Financials | 5.17% |
| Arvida Group | Healthcare | 5.04% |
| Kathmandu Holdings | Consumer Disc. | 4.93% |
| Oceania Healthcare | Healthcare | 4.49% |
| Skellerup Holdings | Industrials | 4.40% |
| Pacific Edge | Healthcare | 4.13% |
| Investore Property | Real Estate | 3.46% |
| Serko | Info. Tech. | 3.43% |
| NZX | Financials | 3.28% |
| Scales Corporation | Consumer Staples | 3.15% |
| Fonterra Shareholders Fund | Consumer Staples | 2.95% |
| Vista Group International | Info. Tech. | 2.83% |
| Restaurant Brands NZ | Consumer Disc. | 2.33% |
| Tilt Renewables | Utilities | 2.25% |
| Sanford | Consumer Staples | 2.17% |
| Hallenstein Glasson | Consumer Disc. | 2.01% |
| Delegats | Consumer Staples | 1.95% |
| EROAD | Info. Tech. | 1.72% |
| Synlait Milk | Consumer Staples | 1.72% |
| Napier Port | Industrials | 1.72% |
| Sky Network Television | Communication Services | 1.71% |
| Tourism Hlgds | Industrials | 1.71% |
| The Warehouse Group | Consumer Disc. | 1.70% |
| Briscoes Group | Consumer Disc. | 1.60% |
| TOWER | Financials | 1.56% |
| Turners Automotive | Consumer Disc. | 1.25% |
| Smartpay Holdings | Info. Tech. | 1.14% |
| Comvita | Consumer Staples | 0.95% |
| NZME | Communication Services | 0.93% |
| AFT Pharmaceuticals | Healthcare | 0.90% |
| Rakon Limited | Info. Tech. | 0.82% |
| Steel & Tube | Materials | 0.79% |
| Seeka | Consumer Staples | 0.73% |
| Plexure Group | Info. Tech. | 0.68% |
| PGG Wrightson | Consumer Staples | 0.66% |
| Asset Plus Limited | Real Estate | 0.56% |
| Gentrack | Info. Tech. | 0.54% |
| New Zealand King Salmon | Consumer Staples | 0.50% |
| New Zealand Refining | Energy | 0.47% |
Returns
Funds Returns
Index Returns
Since Inception
17.21%
3 months
-0.34%
1 year
62.59%
3 years
N/A
p.a
5 years
N/A
p.a
*Returns are after fees as at 31 March 2021. See our full performance disclaimer for more details.
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 our monthly fact sheet or most recent Fund Update.
Ready to invest in NZ's smaller companies?
You may also call us on 0800 537 635 during 9am-5pm weekdays.
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Copyright 2020 – Kernel Wealth Limited
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