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NZX 10 Index

Background

The NZX 10 Index (the index SmartTENZ tracks) is an index of the 10 largest and most frequently traded New Zealand companies listed on the NZSX Market. From time to time, the composition of the NZX 10 Index may change. As SmartTENZ mirror the NZX 10 Index it is re-balanced to match this, so you always have a portfolio of the top 10 companies by market capitalisation listed on the NZSX Market.

Constituents

Code Company Market Capitalisation
AIA Auckland International Airport Limited $2,432,367,526
CEN Contact Energy Limited $4,959,052,245
FBU Fletcher Building Limited $3,523,532,194
FPA Fisher & Paykel Appliances Holdings Limited $535,063,617
FPH Fisher & Paykel Healthcare Corporation Limited $1,513,074,866
IFT Infratil Limited $978,924,962
KIP Kiwi Income Property Trust $794,151,500
SKC Sky City Entertainment Group Limited (NS) $1,649,897,518
SKT Sky Network Television Limited $1,795,660,857
TEL Telecom Corporation of New Zealand Limited (NS) $5,860,522,394

Source: NZX

Sector breakdown

Source: NZX

SmartTENZ is heavily invested in the media and communications sectors through its holdings in Telecom Corporation of New Zealand Ltd, Sky Network Television Ltd and Independent Newspapers Ltd (as at 30 June 2004). However, a single investment in SmartTENZ spreads your investment across 57% of the total value of the NZSX Market. Combine your investment in SmartTENZ with an investment in SmartMIDZ (which tracks the NZX MidCap Index) and with only two trades you've built a diversified share portfolio that spreads your risk over 86% of the total NZSX Market.



Smartshares Limited is a wholly owned subsidiary of New Zealand Exchange Limited (NZX) and is the manager of SmartFONZ, SmartTENZ, SmartMIDZ, SmartMOZY and SmartOZZY Funds. NZX does not guarantee the performance of SmartFONZ, SmartTENZ, SmartMIDZ, SmartMOZY, and SmartOZZY Funds. Units in SmartFONZ, SmartTENZ, SmartMIDZ, SmartMOZY, and SmartOZZY Funds have been accepted for quotation by NZX and will be quoted upon completion of allotment procedures. However the Special Division which regulates NZX takes no responsibility for this offer. Copies of relevant Investment Statements can be obtained by contacting a Primary Market Participant or Smartshares Ltd directly at www.smartshares.nzx.com or by phoning 0800 80 87 80. All currency in New Zealand dollars unless otherwise stated.