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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 index return as at 31 March 2024
Indicative dividend yield as at 31 March 2024
Management fee p.a.
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. 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.
As at March 31, 2024
Company | Country | Industry | Weight |
---|---|---|---|
Argosy Property Ltd | NZ | Real Estate | 7.40% |
Skellerup Holdings Ltd | NZ | Industrials | 6.89% |
Heartland Group Holdings Limited | NZ | Financials | 6.54% |
Gentrack Ltd (NZ Register) | NZ | Information Technology | 6.49% |
Arvida Group Limited | NZ | Health Care | 6.30% |
Stride Property Limited | NZ | Real Estate | 5.81% |
Range of returns
VS
The lowest and highest 12 month returns, in 5 years as at 31 March 2024*
Growth of $10k
For the 5 years as at 31 March 2024, an investment of $10,000 would be up -3.17%*
Investment Objective
The Fund is designed to focus on capital growth and is a great satellite holding.
*These are the gross index returns, not including fees or taxes.
As at March 31, 2024
3 months
1 year
5 years
10 years
Since Inception
Fund returns are after fees and at 0% PIR tax. See our full performance disclaimer for more details.
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.
Potentially Lower Returns
Potentially Higher Returns
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Indices provided by: S&P Dow Jones Indices