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.
CompanyIndustry% as at 31 March 2021
Vital Healthcare Property TrustReal Estate6.33%
Stride Stapled GroupReal Estate6.07%
Air New ZealandIndustrials5.19%
Heartland GroupFinancials5.17%
Arvida GroupHealthcare5.04%
Kathmandu HoldingsConsumer Disc.4.93%
Oceania HealthcareHealthcare4.49%
Skellerup HoldingsIndustrials4.40%
Pacific EdgeHealthcare4.13%
Investore PropertyReal Estate3.46%
SerkoInfo. Tech.3.43%
NZXFinancials3.28%
Scales CorporationConsumer Staples3.15%
Fonterra Shareholders FundConsumer Staples2.95%
Vista Group InternationalInfo. Tech.2.83%
Restaurant Brands NZConsumer Disc.2.33%
Tilt RenewablesUtilities2.25%
SanfordConsumer Staples2.17%
Hallenstein GlassonConsumer Disc.2.01%
DelegatsConsumer Staples1.95%
EROADInfo. Tech.1.72%
Synlait MilkConsumer Staples1.72%
Napier PortIndustrials1.72%
Sky Network TelevisionCommunication Services1.71%
Tourism HlgdsIndustrials1.71%
The Warehouse GroupConsumer Disc.1.70%
Briscoes GroupConsumer Disc.1.60%
TOWERFinancials1.56%
Turners AutomotiveConsumer Disc.1.25%
Smartpay HoldingsInfo. Tech.1.14%
ComvitaConsumer Staples0.95%
NZMECommunication Services0.93%
AFT PharmaceuticalsHealthcare0.90%
Rakon LimitedInfo. Tech.0.82%
Steel & TubeMaterials0.79%
SeekaConsumer Staples0.73%
Plexure GroupInfo. Tech.0.68%
PGG WrightsonConsumer Staples0.66%
Asset Plus LimitedReal Estate0.56%
GentrackInfo. Tech.0.54%
New Zealand King SalmonConsumer Staples0.50%
New Zealand RefiningEnergy0.47%

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.

Group 53 (1)

Ready to invest in NZ's smaller companies?

You may also call us on 0800 537 635 during 9am-5pm weekdays.

Keep up-to-date with Kernel

For market updates and the latest news from Kernel, subscribe to our newsletter. Guaranteed goodness, straight to your inbox.

Copyright 2020 – Kernel Wealth Limited 

Indices provided by: 

CompanyIndustry% as at 31 March 2021
Vital Healthcare Property TrustReal Estate6.33%
Stride Stapled GroupReal Estate6.07%
Air New ZealandIndustrials5.19%
Heartland GroupFinancials5.17%
Arvida GroupHealthcare5.04%
Kathmandu HoldingsConsumer Disc.4.93%
Oceania HealthcareHealthcare4.49%
Skellerup HoldingsIndustrials4.40%
Pacific EdgeHealthcare4.13%
Investore PropertyReal Estate3.46%
SerkoInfo. Tech.3.43%
NZXFinancials3.28%
Scales CorporationConsumer Staples3.15%
Fonterra Shareholders FundConsumer Staples2.95%
Vista Group InternationalInfo. Tech.2.83%
Restaurant Brands NZConsumer Disc.2.33%
Tilt RenewablesUtilities2.25%
SanfordConsumer Staples2.17%
Hallenstein GlassonConsumer Disc.2.01%
DelegatsConsumer Staples1.95%
EROADInfo. Tech.1.72%
Synlait MilkConsumer Staples1.72%
Napier PortIndustrials1.72%
Sky Network TelevisionCommunication Services1.71%
Tourism HlgdsIndustrials1.71%
The Warehouse GroupConsumer Disc.1.70%
Briscoes GroupConsumer Disc.1.60%
TOWERFinancials1.56%
Turners AutomotiveConsumer Disc.1.25%
Smartpay HoldingsInfo. Tech.1.14%
ComvitaConsumer Staples0.95%
NZMECommunication Services0.93%
AFT PharmaceuticalsHealthcare0.90%
Rakon LimitedInfo. Tech.0.82%
Steel & TubeMaterials0.79%
SeekaConsumer Staples0.73%
Plexure GroupInfo. Tech.0.68%
PGG WrightsonConsumer Staples0.66%
Asset Plus LimitedReal Estate0.56%
GentrackInfo. Tech.0.54%
New Zealand King SalmonConsumer Staples0.50%
New Zealand RefiningEnergy0.47%

Get started in less than 5 minutes

Enter your name and email and we’ll begin creating your account. 

Saving into a emergency fund

By clicking “Get Started”, you agree to Kernel Wealth’s
Terms of Use and Privacy Policy

Hi Happy Saver fan!

Thanks for checking us out. Sign up now and get a $10 NZD top-up when you make your first deposit.  Happy investing!