Kernel Wealth Limited
Kernel NZ 20 Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The fund is passively managed and invests in financial products listed on the NZX and is designed to track the S&P/NZX 20 Index.
1-year return
3.01%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
2.2
Members
257
Inception date
11 April 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
99.99%
Income assets
0.01%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 99.99% | 100.00% | 28.28% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 0.00% | 0.00% | 59.89% |
| Listed property | 0.00% | 0.00% | 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 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | NZ | 14.87% |
| 2 | Auckland International Airport | Shares | Australasian Equities | NZ | 12.79% |
| 3 | Infratil Limited | Shares | Australasian Equities | NZ | 11.02% |
| 4 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 8.33% |
| 5 | The a2 Milk Company Ltd | Shares | Australasian Equities | NZ | 7.93% |
| 6 | Meridian Energy | Shares | Australasian Equities | NZ | 6.77% |
| 7 | Mainfreight Limited | Shares | Australasian Equities | NZ | 4.52% |
| 8 | EBOS | Shares | Australasian Equities | NZ | 4.32% |
| 9 | Mercury NZ Limited | Shares | Australasian Equities | NZ | 4.10% |
| 10 | Chorus Ltd | Shares | Australasian Equities | NZ | 3.85% |
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 | 1.83% | 16.43% |
| 31 March 2025 | 0.04% | 4.58% |
| 31 March 2026 | 3.01% | 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 |