Kernel Wealth Limited
Kernel Balanced Fund
Kernel KiwiSaver PlanBalanced
What the provider says about this fund
The fund is designed to provide investors with a diversified exposure to both income and growth assets by investing in domestic and global listed financial products.
1-year return
10.51%
5-year return p.a.
3.77%
Total annual fee
0.25%
Fund size ($m)
44.8
Members
1,002
Inception date
7 November 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
59.63%
Income assets
40.37%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 14.83% | 14.50% | 13.93% |
| Cash and equivalents | 2.84% | 5.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 9.55% | 18.00% | 19.39% |
| International shares | 42.33% | 43.00% | 35.53% |
| Listed property | 2.47% | 2.50% | 2.24% |
| New Zealand bonds | 27.98% | 17.00% | 18.91% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | IShares Core US Aggregate Bond ETF | Bonds | International Fixed Interest | US | 8.93% |
| 2 | NZGS 4.25% 15/05/2034 | Bonds | New Zealand Fixed Interest | NZ | 4.52% |
| 3 | SPDR Portfolio Emerging Markets ETF | Shares | International Equities | US | 3.49% |
| 4 | Nvidia Ord | Shares | International Equities | US | 2.69% |
| 5 | NZGS 5.00% 15/05/2054 | Bonds | New Zealand Fixed Interest | NZ | 2.55% |
| 6 | Apple Inc | Shares | International Equities | US | 2.36% |
| 7 | Fisher & Paykel Healthcare Corp Ltd | Shares | Australasian Equities | US | 1.76% |
| 8 | Microsoft | Shares | International Equities | NZ | 1.74% |
| 9 | NZGS 4.50% 15/05/2030 | Bonds | New Zealand Fixed Interest | US | 1.58% |
| 10 | Auckland International Airport | Shares | Australasian Equities | NZ | 1.54% |
Fees
0.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 0.25% | $75 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.25% | $75 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2024 | 13.43% | 10.89% |
| 31 March 2025 | 7.35% | 4.36% |
| 31 March 2026 | 10.51% | 6.36% |
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 |
| Matthew Winton | Portfolio Manager | 3 years, 10 months |
| Stephen Upton | Chief Operating Officer | 6 years, 9 months |