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

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% at 30 June 2020
Pushpay HoldingsInformation Technology
10.10%
Property for Industry Real Estate
6.77%
Argosy Property
Real Estate
5.58%
MetlifecareHealth Care
5.08%
Vital Healthcare
Real Estate
4.97%
Arvida GroupHealth Care
4.55%
Kathmandu HoldingsConsumer Discretionary
4.31%
Air New Zealand
Industrials
4.12%
Heartland Group HoldingsFinancials
3.76%
Stride Property
Real Estate
3.74%
Scales CorporationConsumer Staples
3.42%
Synlait Milk Consumer Staples
3.24%
Oceania Healthcare Health Care3.20%
Investore PropertyReal Estate3.14%
Sanford Consumer Staples
2.45%
Skellerup HoldingsIndustrials2.27%
NZXFinancials
2.25%
Fonterra Shareholders Fund Consumer Staples
2.22%
Restaurant Brands Consumer Discretionary
2.13%
Vista Group International
Information Technology
1.92%
Napier Port HoldingsIndustrials1.87%
Delegat GroupConsumer Staples
1.81%
Tilt RenewablesUtilities
1.43%
Tourism HoldingsIndustrials
1.41%
Serko
Information Technology
1.31%
Sky Network Television
Communication Services
1.29%
Tower Financials
1.22%
EROAD LtdInformation Technology
1.01%
Hallenstein GlassonConsumer Discretionary
0.98%
The Warehouse GroupConsumer Discretionary
0.95%
Briscoe GroupConsumer Discretionary
0.93%
Augusta CapitalReal Estate0.77%
Turners Automotive Consumer Discretionary
0.76%
New Zealand Refining CoEnergy0.75%
PGG Wrightson
Consumer Staples0.66%
Comvita
Consumer Staples
0.67%
New Zealand King Salmon Consumer Staples
0.65%
Seeka Consumer Staples
0.62%
Gentrack GroupInformation Technology
0.52%
Steel & Tube Materials0.51%
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.

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: 

Our Funds
1 MONTH
YTD
1 YEAR
Simple content
Simple content
Simple content
CompanyIndustry% at 30 June 2020
Pushpay HoldingsInformation Technology
10.10%
Property for Industry Real Estate
6.77%
Argosy Property
Real Estate
5.58%
MetlifecareHealth Care
5.08%
Vital Healthcare
Real Estate
4.97%
Arvida GroupHealth Care
4.55%
Kathmandu HoldingsConsumer Discretionary
4.31%
Air New Zealand
Industrials
4.12%
Heartland Group HoldingsFinancials
3.76%
Stride Property
Real Estate
3.74%
Scales CorporationConsumer Staples
3.42%
Synlait Milk Consumer Staples
3.24%
Oceania Healthcare Health Care3.20%
Investore PropertyReal Estate3.14%
Sanford Consumer Staples
2.45%
Skellerup HoldingsIndustrials2.27%
NZXFinancials
2.25%
Fonterra Shareholders Fund Consumer Staples
2.22%
Restaurant Brands Consumer Discretionary
2.13%
Vista Group International
Information Technology
1.92%
Napier Port HoldingsIndustrials1.87%
Delegat GroupConsumer Staples
1.81%
Tilt RenewablesUtilities
1.43%
Tourism HoldingsIndustrials
1.41%
Serko
Information Technology
1.31%
Sky Network Television
Communication Services
1.29%
Tower Financials
1.22%
EROAD LtdInformation Technology
1.01%
Hallenstein GlassonConsumer Discretionary
0.98%
The Warehouse GroupConsumer Discretionary
0.95%
Briscoe GroupConsumer Discretionary
0.93%
Augusta CapitalReal Estate0.77%
Turners Automotive Consumer Discretionary
0.76%
New Zealand Refining CoEnergy0.75%
PGG Wrightson
Consumer Staples0.66%
Comvita
Consumer Staples
0.67%
New Zealand King Salmon Consumer Staples
0.65%
Seeka Consumer Staples
0.62%
Gentrack GroupInformation Technology
0.52%
Steel & Tube Materials0.51%
Abano Healthcare Health Care
0.46%