The NZ Core Equity Trust aims to provide investors with the benefits of long-term capital growth by investing in a diversified portfolio of financial products listed in New Zealand, with increased exposure to small companies and value companies relative to a market weighted portfolio.

Value companies are companies with a low price relative to various financial measures, including book value, cash flow and earnings.

DFA Australia Limited is the investment manager for NZ Core Equity Trust. DFA Australia Limited is the Australian subsidiary of Dimensional Fund Advisors LP, which is based in the United States and was formed in 1981.



The table shows holdings as at 31 October 2018. Updated monthly.

AIA Auckland International Airport Limited 5.45%
SPK Spark NZ Limited 5.45%
FBU Fletcher Building Limited 5.00%
FPH Fisher & Paykel Healthcare Limited 4.97%
MEL Meridian Energy Limited 4.80%
ATM The A2 Milk Company Limited 4.80%
RYM Ryman Healthcare Limited 4.72%
CEN Contact Energy Limited 4.49%
ZEL Z Energy Limited 3.52%
TME Trade Me Group Limited 3.46%

How To Apply

You can only invest in the NZ Core Equity Trust through a custodial service provider authorised by us. The custodial service provider will be the registered owner of your units in the NZ Core Equity Trust, while you will be the beneficial owner. To invest in the NZ Core Equity Trust, talk to your financial adviser, as many financial advisers have arrangements with custodial service providers authorised by us that allow their clients to invest.

Smartshares Limited is the issuer of the NZ Core Equity Trust. The Product Disclosure Statement for the NZ Core Equity Trust is available here.