Kernel Wealth Limited
Kernel Global Infrastructure Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel Global Infrastructure Fund invests in globally listed pure-play infrastructure companies and is designed to track the Dow Jones Brookfield Global Infrastructure Index (NZD)
1-year return
16.25%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
4.1
Members
305
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
100.14%
Income assets
0.14%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 97.21% | 100.00% | 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 | Enbridge Inc | Shares | International Equities | CA | 7.00% |
| 2 | The Williams Companies Inc | Shares | International Equities | US | 5.08% |
| 3 | National Grid PLC Ord | Shares | International Equities | GB | 4.94% |
| 4 | American Tower Corp A | Shares | International Equities | US | 4.62% |
| 5 | Vinci Ord | Shares | International Equities | FR | 4.40% |
| 6 | TC Energy Corporation | Shares | International Equities | CA | 3.86% |
| 7 | Kinder Morgan Inc | Shares | International Equities | US | 3.75% |
| 8 | Sempra Energy | Shares | International Equities | US | 3.62% |
| 9 | Cheniere Energy Inc | Shares | International Equities | US | 3.49% |
| 10 | ONEOK Inc | Shares | International Equities | US | 3.25% |
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 | 5.53% | 16.43% |
| 31 March 2025 | 24.46% | 4.58% |
| 31 March 2026 | 16.25% | 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 |