Kernel Wealth Limited
Kernel High Growth Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
A diversified fund comprising several of the Kernel Funds, targeting high growth and suitable for long-term investors comfortable accepting higher volatility.
1-year return
15.79%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
529.7
Members
11,071
Inception date
11 April 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
99.60%
Income assets
0.40%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 24.79% | 24.00% | 28.28% |
| Cash and equivalents | 0.41% | 1.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 72.51% | 72.50% | 59.89% |
| Listed property | 2.30% | 2.50% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 0.17% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | SPDR Portfolio Emerging Markets ETF | Shares | International Equities | US | 7.13% |
| 2 | Nvidia Ord | Shares | International Equities | US | 5.07% |
| 3 | Apple Inc | Shares | International Equities | US | 4.45% |
| 4 | Microsoft | Shares | International Equities | US | 3.29% |
| 5 | Fisher & Paykel Healthcare Corp Ord | Shares | Australasian Equities | NZ | 2.68% |
| 6 | Amazon.Com Inc | Shares | International Equities | US | 2.43% |
| 7 | Auckland International Airport | Shares | Australasian Equities | NZ | 2.33% |
| 8 | Alphabet Inc Class A | Shares | International Equities | US | 2.00% |
| 9 | Infratil Limited | Shares | Australasian Equities | NZ | 1.98% |
| 10 | Broadcom Inc | Shares | International Equities | US | 1.75% |
Fees
0.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.25% | $75 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.25% | $75 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2024 | 19.79% | 16.43% |
| 31 March 2025 | 8.40% | 4.58% |
| 31 March 2026 | 15.79% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Dean Anderson | Chief Executive | 7 years, 6 months |
| Helen Skinner | Head of Distribution and Sustainability Strategy | 1 year |
| Kerry Mcintosh | Chairman | 6 years, 9 months |
| Rhea Prasad | Portfolio Manager | 3 years, 4 months |
| Stephen Upton | Chief Operating Officer | 6 years, 9 months |