Kernel Wealth Limited
Kernel World Ex-US (NZD Hedged) Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel World ex-US (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 World Ex-U.S., Controversial Weapons and Tobacco (NZD Hedged) Index.
5-year return p.a.
5.59%
Total annual fee
0.25%
Fund size ($m)
4.5
Members
197
Inception date
13 August 2025
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
101.06%
Income assets
1.06%
| 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 | 94.14% | 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 | ASML Holdings ORD | Shares | International Equities | NL | 2.26% |
| 2 | Astrazeneca PLC ORD Shs | Shares | International Equities | GB | 1.36% |
| 3 | Novartis AG | Shares | International Equities | CH | 1.29% |
| 4 | HSBC Holdings PLC Ord | Shares | International Equities | GB | 1.25% |
| 5 | Roche Holding AG | Shares | International Equities | CH | 1.24% |
| 6 | Shell Ord | Shares | International Equities | GB | 1.21% |
| 7 | Nestle SA (CH Registry) | Shares | International Equities | CH | 1.13% |
| 8 | Toyota Motor Corp | Shares | International Equities | JP | 1.06% |
| 9 | Royal Bank of Canada | Shares | International Equities | CA | 1.02% |
| 10 | Mitsubishi UFJ Financial Group Inc | Shares | International Equities | JP | 0.88% |
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 |