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 September 2020
9.88%*
The fund pays
distributions
Quarterly
Indicative dividend
yield at 30 Sept 2020
2.67%
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 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*
$16,017
Growth of $10,000
For the 5 years to September 2020, you would be up 60.17%*
Investment Objective
The fund is designed to provide capital growth and diversification.
*These are the gross index returns, not including fees or taxes.
Holdings
| Company | Industry | % as at 30 Sept 2020 |
|---|---|---|
| Property for Industry | Real Estate | 7.30% |
| Argosy Property | Real Estate | 6.16% |
| Metlifecare | Healthcare | 5.54% |
| Vital Healthcare Property Trust | Real Estate | 5.51% |
| Arvida Group | Healthcare | 5.00% |
| Kathmandu Holdings | Consumer Disc. | 4.49% |
| Stride Stapled Group | Real Estate | 4.20% |
| Air New Zealand | Industrials | 4.03% |
| Oceania Healthcare | Healthcare | 3.87% |
| Heartland Group | Financials | 3.62% |
| Investore Property | Real Estate | 3.59% |
| Scales Corporation | Consumer Staples | 3.21% |
| Skellerup Holdings | Industrials | 2.92% |
| Sanford | Consumer Staples | 2.56% |
| Pacific Edge | Healthcare | 2.49% |
| NZX | Financials | 2.45% |
| Fonterra Shareholders Fund | Consumer Staples | 2.28% |
| Synlait Milk | Consumer Staples | 2.20% |
| Vista Group International | Info. Tech. | 2.06% |
| Restaurant Brands NZ | Consumer Disc. | 2.02% |
| Delegats | Consumer Staples | 1.94% |
| Napier Port | Industrials | 1.74% |
| Serko | Info. Tech. | 1.69% |
| Tourism Hlgds | Industrials | 1.47% |
| Hallenstein Glasson | Consumer Disc. | 1.42% |
| Sky Network Television | Communication Services | 1.35% |
| EROAD | Info. Tech. | 1.23% |
| Briscoes Group | Consumer Disc. | 1.11% |
| TOWER | Financials | 1.10% |
| Tilt Renewables | Utilities | 1.06% |
| The Warehouse Group | Consumer Disc. | 0.94% |
| Comvita | Consumer Staples | 0.92% |
| Turners Automotive | Consumer Disc. | 0.89% |
| AFT Pharmaceuticals | Healthcare | 0.88% |
| Plexure Group | Info. Tech. | 0.78% |
| Smartpay Holdings | Info. Tech. | 0.71% |
| New Zealand Refining | Energy | 0.59% |
| Seeka | Consumer Staples | 0.58% |
| New Zealand King Salmon | Consumer Staples | 0.54% |
| PGG Wrightson | Consumer Staples | 0.50% |
| Steel & Tube | Materials | 0.46% |
| Gentrack | Info. Tech. | 0.42% |
Returns
Since Inception
0.99%
3 months
9.55%
1 year
-1.79%
3 years
N/A
p.a
5 years
N/A
p.a
*Returns are after fees as at 30 September 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.
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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