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. 

Designed to track the 
S&P/NZX Emerging Opportunities

Index

5 year p.a. return 
to December 2020

9.36%*

The fund pays
distributions

Quarterly

Indicative dividend
yield at 31 December 2020

1.96%

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. Combined with the NZ 20 fund, these two index funds represent 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 September 2020*

$15,642

Growth of $10,000

For the 5 years to December 2020, you would be up 56.42%*

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.
CompanyIndustry% as at 31 December 2020
Argosy PropertyReal Estate7.08%
Vital Healthcare Property TrustReal Estate6.74%
Stride Stapled GroupReal Estate5.66%
Arvida GroupHealthcare5.19%
Air New ZealandIndustrials5.18%
Oceania HealthcareHealthcare4.83%
Pacific EdgeHealthcare4.73%
Heartland GroupFinancials4.65%
Kathmandu HoldingsConsumer Disc.4.51%
Skellerup HoldingsIndustrials3.58%
Investore PropertyReal Estate3.52%
Scales CorporationConsumer Staples3.21%
NZXFinancials2.91%
SerkoInfo. Tech.2.69%
Synlait MilkConsumer Staples2.50%
Fonterra Shareholders FundConsumer Staples2.48%
SanfordConsumer Staples2.30%
Vista Group InternationalInfo. Tech.2.05%
DelegatsConsumer Staples1.97%
Restaurant Brands NZConsumer Disc.1.92%
EROADInfo. Tech.1.82%
Tilt RenewablesUtilities1.79%
Hallenstein GlassonConsumer Disc.1.69%
Tourism HlgdsIndustrials1.69%
Napier PortIndustrials1.64%
Sky Network TelevisionCommunication Services1.50%
Briscoes GroupConsumer Disc.1.43%
TOWERFinancials1.28%
The Warehouse GroupConsumer Disc.1.17%
Turners AutomotiveConsumer Disc.1.08%
AFT PharmaceuticalsHealthcare0.95%
Plexure GroupInfo. Tech.0.92%
ComvitaConsumer Staples0.90%
Smartpay HoldingsInfo. Tech.0.84%
Steel & TubeMaterials0.69%
SeekaConsumer Staples0.68%
PGG WrightsonConsumer Staples0.60%
New Zealand RefiningEnergy0.52%
GentrackInfo. Tech.0.52%
New Zealand King SalmonConsumer Staples0.51%
Cash & Cash equivalentsCash0.05%

Returns

Since Inception

16.60%

3 months

15.45%

1 year 

5.98%

3 years

N/A

p.a

5 years

N/A

p.a

*Returns are after fees as at 31 December 2020. 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.

Group 53 (1)

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 

Indices provided by: 

CompanyIndustry% as at 31 December 2020
Argosy PropertyReal Estate7.08%
Vital Healthcare Property TrustReal Estate6.74%
Stride Stapled GroupReal Estate5.66%
Arvida GroupHealthcare5.19%
Air New ZealandIndustrials5.18%
Oceania HealthcareHealthcare4.83%
Pacific EdgeHealthcare4.73%
Heartland GroupFinancials4.65%
Kathmandu HoldingsConsumer Disc.4.51%
Skellerup HoldingsIndustrials3.58%
Investore PropertyReal Estate3.52%
Scales CorporationConsumer Staples3.21%
NZXFinancials2.91%
SerkoInfo. Tech.2.69%
Synlait MilkConsumer Staples2.50%
Fonterra Shareholders FundConsumer Staples2.48%
SanfordConsumer Staples2.30%
Vista Group InternationalInfo. Tech.2.05%
DelegatsConsumer Staples1.97%
Restaurant Brands NZConsumer Disc.1.92%
EROADInfo. Tech.1.82%
Tilt RenewablesUtilities1.79%
Hallenstein GlassonConsumer Disc.1.69%
Tourism HlgdsIndustrials1.69%
Napier PortIndustrials1.64%
Sky Network TelevisionCommunication Services1.50%
Briscoes GroupConsumer Disc.1.43%
TOWERFinancials1.28%
The Warehouse GroupConsumer Disc.1.17%
Turners AutomotiveConsumer Disc.1.08%
AFT PharmaceuticalsHealthcare0.95%
Plexure GroupInfo. Tech.0.92%
ComvitaConsumer Staples0.90%
Smartpay HoldingsInfo. Tech.0.84%
Steel & TubeMaterials0.69%
SeekaConsumer Staples0.68%
PGG WrightsonConsumer Staples0.60%
New Zealand RefiningEnergy0.52%
GentrackInfo. Tech.0.52%
New Zealand King SalmonConsumer Staples0.51%
Cash & Cash equivalentsCash0.05%

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