How micro ownership works in New Zealand

A FRAC share represents a recorded percentage of a named horse under its syndicate’s ownership terms. Start with the horse profile, trainer information and product disclosure statement. The disclosure sets out the price, ownership period, costs, risks and distributions for that particular offer.

Read before you join

Racehorses can be injured, retire early or perform differently from expectations. A racing programme is an ambition, not a promise. Ask the FRAC team about anything you do not understand before paying.

Your permanent account

MY FRAC connects your dated shareholding to stable updates, ownership documents and genuine race achievements. Membership and following a horse are separate from owning it.

Share the experience

Explore updates, meet fellow owners and follow the next milestone. The horse’s welfare and its trainer’s judgement guide the journey.