Kernel Wealth Limited
Kernel NZ Small & Mid Cap Opportunities Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The fund is passively managed and invests in NZX listed financial products whose normal free-float market capitalisation is between $75 million and $1.25 billion and who are outside of the S&P/NZX 20 Index
1-year return
11.94%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
0.9
Members
102
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
100.06%
Income assets
0.06%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 100.06% | 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 | Channel Infrastructure NZ Ltd | Shares | Australasian Equities | NZ | 7.36% |
| 2 | Vital Healthcare Property | Shares | Australasian Equities | NZ | 6.44% |
| 3 | Heartland Group Holdings Limited | Shares | Australasian Equities | NZ | 6.29% |
| 4 | Skellerup Holdings Ltd | Shares | Australasian Equities | NZ | 6.28% |
| 5 | Argosy Property Ltd | Shares | Australasian Equities | NZ | 6.05% |
| 6 | Fonterra Shareholders' Fund | Shares | Australasian Equities | NZ | 5.43% |
| 7 | Scales Corporation Limited | Shares | Australasian Equities | NZ | 5.32% |
| 8 | Sky City Entertainment Group Limited | Shares | Australasian Equities | NZ | 4.76% |
| 9 | Gentrack Ltd (NZ Register) | Shares | Australasian Equities | NZ | 4.59% |
| 10 | Tower Limited | Shares | Australasian Equities | NZ | 3.92% |
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 | 0.78% | 16.43% |
| 31 March 2025 | 7.30% | 4.58% |
| 31 March 2026 | 11.94% | 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 |