NZ Small & Mid Cap Opportunities Fund
The NZ Level 9 Fund delivers a tilt towards smaller companies listed on the New Zealand Exchange (NZX), as 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 June 2020
7.54%*
The fund pays
distributions
Quarterly
Investment Management
Fee
0.39%
Fund Overview
As the first index fund to invest beyond the Top 50, these companies have a market capitalisation of between $100 million and $1 billion. The NZ Level 9 fund gives investors access to smaller and growing NZ companies across a diverse mix of sectors including real estate, technology, tourism, and transportation. The Fund is likely to fluctuate in line with the general business cycle. Its high allocation to the real estate sector (~28%) 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 June 2020*
$14,383
Growth of $10,000
For the 5 years to June 2020, you would be up 43.83%*
Investment Objective
The fund is designed to provide capital growth and diversification.
*These are the gross index returns, not including fees or taxes.
Fund Holdings
| Company | Industry | % at 30 June 2020 |
|---|---|---|
| Pushpay Holdings | Information Technology | 10.10% |
| Property for Industry | Real Estate | 6.77% |
| Argosy Property | Real Estate | 5.58% |
| Metlifecare | Health Care | 5.08% |
| Vital Healthcare | Real Estate | 4.97% |
| Arvida Group | Health Care | 4.55% |
| Kathmandu Holdings | Consumer Discretionary | 4.31% |
| Air New Zealand | Industrials | 4.12% |
| Heartland Group Holdings | Financials | 3.76% |
| Stride Property | Real Estate | 3.74% |
| Scales Corporation | Consumer Staples | 3.42% |
| Synlait Milk | Consumer Staples | 3.24% |
| Oceania Healthcare | Health Care | 3.20% |
| Investore Property | Real Estate | 3.14% |
| Sanford | Consumer Staples | 2.45% |
| Skellerup Holdings | Industrials | 2.27% |
| NZX | Financials | 2.25% |
| Fonterra Shareholders Fund | Consumer Staples | 2.22% |
| Restaurant Brands | Consumer Discretionary | 2.13% |
| Vista Group International | Information Technology | 1.92% |
| Napier Port Holdings | Industrials | 1.87% |
| Delegat Group | Consumer Staples | 1.81% |
| Tilt Renewables | Utilities | 1.43% |
| Tourism Holdings | Industrials | 1.41% |
| Serko | Information Technology | 1.31% |
| Sky Network Television | Communication Services | 1.29% |
| Tower | Financials | 1.22% |
| EROAD Ltd | Information Technology | 1.01% |
| Hallenstein Glasson | Consumer Discretionary | 0.98% |
| The Warehouse Group | Consumer Discretionary | 0.95% |
| Briscoe Group | Consumer Discretionary | 0.93% |
| Augusta Capital | Real Estate | 0.77% |
| Turners Automotive | Consumer Discretionary | 0.76% |
| New Zealand Refining Co | Energy | 0.75% |
| PGG Wrightson | Consumer Staples | 0.66% |
| Comvita | Consumer Staples | 0.67% |
| New Zealand King Salmon | Consumer Staples | 0.65% |
| Seeka | Consumer Staples | 0.62% |
| Gentrack Group | Information Technology | 0.52% |
| Steel & Tube | Materials | 0.51% |
| Abano Healthcare | Health Care | 0.46% |
Fund Returns
Since Inception
-7.81%
3 months
28.58%
1 year
N/A
3 years
N/A
p.a
5 years
N/A
p.a
*Returns are after fees as at 30 June 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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