Kernel Wealth Limited
Kernel Global Infrastructure (NZD Hedged) Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel Global Infrastructure (NZD Hedged) Fund invests in globally listed pure-play infrastructure companies and is designed to track the Dow Jones Brookfield Global Infrastructure (NZD Hedged) Index
1-year return
13.20%
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
2.2
Members
144
Inception date
2 November 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
100.44%
Income assets
0.44%
| 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 | 97.50% | 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 | 7.02% |
| 2 | The Williams Companies Inc | Shares | International Equities | US | 5.09% |
| 3 | National Grid PLC Ord | Shares | International Equities | GB | 4.96% |
| 4 | American Tower Corp A | Shares | International Equities | US | 4.63% |
| 5 | Vinci Ord | Shares | International Equities | FR | 4.41% |
| 6 | TC Energy Corporation | Shares | International Equities | CA | 3.87% |
| 7 | Kinder Morgan Inc | Shares | International Equities | US | 3.76% |
| 8 | Sempra Energy | Shares | International Equities | US | 3.63% |
| 9 | Cheniere Energy Inc | Shares | International Equities | US | 3.50% |
| 10 | ONEOK Inc | Shares | International Equities | US | 3.26% |
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 | 2.61% | 16.43% |
| 31 March 2025 | 20.49% | 4.58% |
| 31 March 2026 | 13.20% | 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 |