Kernel Wealth Limited
Kernel S&P 500 (NZD Hedged) Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel S&P 500 (NZD Hedged) Fund�s investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the S&P 500 NZD Hedged Index
1-year return
12.56%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
33.0
Members
1,123
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
100.45%
Income assets
0.45%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 28.28% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 100.45% | 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 | Nvidia Ord | Shares | International Equities | US | 7.62% |
| 2 | Apple Inc | Shares | International Equities | US | 6.70% |
| 3 | Microsoft | Shares | International Equities | US | 4.94% |
| 4 | Amazon.Com Inc | Shares | International Equities | US | 3.66% |
| 5 | Alphabet Inc Class A | Shares | International Equities | US | 3.01% |
| 6 | Broadcom Inc | Shares | International Equities | US | 2.64% |
| 7 | Alphabet Inc Class C | Shares | International Equities | US | 2.41% |
| 8 | Meta Platforms Inc | Shares | International Equities | US | 2.25% |
| 9 | Tesla Inc Ordinary Shares | Shares | International Equities | US | 1.88% |
| 10 | Berkshire Hathaway Inc Cl B | Shares | International Equities | US | 1.58% |
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 | 28.87% | 16.43% |
| 31 March 2025 | 7.89% | 4.58% |
| 31 March 2026 | 12.56% | 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 |