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TNZ ETF · Smart NZ Top 10 ETF
The TNZ Exchange Traded Fund (ETF) is provided by Smart. It is built to track an index: S&P/NZX 10 Index. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 9:00 PM UTC
LIVE
CLOSED
This fund is part ofAPAC Blended Cap1M perf.-3.67%
Last price
NZ$1.97
1M perf.
-2.02%
1M flows
-€502K
AuM
€54M
E/R
0.6%
Rating
Not rated
ESG Consensus®
TNZ
NZ$1.97
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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TNZ
NZ$1.98
-0.06%
APAC Blended Cap
+6.92%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.02%  | -0.06%  | +5.26% | +10.38% | +2.92% | -4.19% | -1.16% | -1.16% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/12/2026
NZ$1.98
1D NAV change
-0.82%
Dividend policy
Replication method
Other
Replication model
Unknown
No. of holdings
10
Inception date
6/11/1996
Jurisdiction
New Zealand
Distribution
New Zealand
Legal structure
Managed Investment Scheme
Base currency
NZD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
The Smart NZ Top 10 ETF’s investment objective is to track the return (before tax, fees and other expenses) of the S&P/NZX 10 Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.06%  | +5.26% | +10.38% | +2.92% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Trackinsight replication rating:
Not rated
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
S&P/NZX 10 Index - NZD
Index ticker
NZSE10 Index
Index dividend policy
PI
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Smart
Smart ID Card
Number of funds
44
Total AuM
€3.32B
Expense ratio range
0.2% - 0.75%
Average expense ratio
0.5007%
Top 5 funds by Smart
| AuM | ||
|---|---|---|
USF | Smart US 500 ETF | €505M |
FNZ | Smart NZ Top 50 ETF | €300M |
TWH | Smart Total World ETF | €291M |
USG | Smart US Large Growth ETF | €272M |
AUS | Smart Australian Top 200 ETF | €165M |
Frequently asked questions about TNZ
What does Smart NZ Top 10 ETF, TNZ, invest in?
TNZ is a Passive ETF. This ETF provides exposure to Large Cap New Zealand Equities.
Which benchmark or index does TNZ replicate?
TNZ tracks the S&P/NZX 10 Index - NZD, through a replication method.
What is the Total Expense ratio (TER) of TNZ?
TNZ carries a total expense ratio (TER) of 0.6%, indicating the annual cost for holding the fund.
When was TNZ launched?
TNZ was introduced to the market on June 11, 1996. It trades on New Zealand
Who is the ETF issuer of TNZ?
Smart NZ Top 10 ETF, TNZ, is provided by Smart. Learn more about Smart here.
What is the current assets under management (AUM) of TNZ?
TNZ oversees €54M in assets as of March 12, 2026.
How has TNZ performed lately?
Based on data from March 12, 2026, TNZ returned -2.02% over the past month, -0.06% over the last three months and -1.16% year-to-date.
What are the latest inflows or outflows for TNZ?
As of March 12, 2026, TNZ recorded net flows of -€502K over the last month and -€752K year-to-date.
Does TNZ distribute dividends?
TNZ follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 1.28%.
What are the main country or region exposures of TNZ?
As of January 31, 2026, TNZ has significant geographic allocations in New Zealand.
In which sector or theme does TNZ invest in?
As of January 31, 2026, TNZ focuses largely on Health Care, Utilities and Industrials.
How many securities does TNZ hold and how diversified is it?
As of January 31, 2026, TNZ holds 10 positions in its portfolio, with 99.61% of assets concentrated in its top 15 holdings.
What are the main positions in TNZ?
As of January 31, 2026, TNZ top three holdings include FISHER PAYKEL, AUCKLAND INTERNATIONAL AIRPORT and INFRATIL.
What is the base currency of TNZ?
The base currency of TNZ is NZD.
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