Kernel Wealth Limited
Kernel Australia 100 Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel Australia 100 Fund�s investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the S&P/ASX 100 Index.
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
2.2
Members
169
Inception date
13 August 2025
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
100.21%
Income assets
0.21%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 97.90% | 100.00% | 28.28% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| 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 | Commonwealth Bank of Australia | Shares | Australasian Equities | AU | 11.87% |
| 2 | BHP Group Ltd (AU register) | Shares | Australasian Equities | AU | 10.83% |
| 3 | Westpac Banking Corporation (AU Register) | Shares | Australasian Equities | AU | 5.71% |
| 4 | National Australia Bank Limited (AU Register) | Shares | Australasian Equities | AU | 5.38% |
| 5 | ANZ Bank (AU Register) | Shares | Australasian Equities | AU | 4.59% |
| 6 | Wesfarmers Ltd | Shares | Australasian Equities | AU | 3.50% |
| 7 | Macquarie Group Limited | Shares | Australasian Equities | AU | 3.03% |
| 8 | CSL Limited | Shares | Australasian Equities | AU | 2.89% |
| 9 | Woodside Energy Group Ltd | Shares | Australasian Equities | AU | 2.82% |
| 10 | Rio Tinto (AU Register) | Shares | Australasian Equities | AU | 2.54% |
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% |
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 |