Kernel Balanced Fund
Kernel Balanced Fund is a balanced KiwiSaver fund managed by Kernel. It has 1,002 members and holds $45 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +10.5% a year
- Return over 3 years
- +10.4% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 42%, new zealand fixed interest 28%, australasian equities 15%, international fixed interest 10%.
Largest holdings
- iShares Core US Aggregate Bond ETF 8.93%
- Nzgs 4.25% 15/05/2034 4.46%
- SPDR Portfolio Emerging Markets ETF 3.49%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +10.5% |
| 2024/25 | +7.4% |
| 2023/24 | +13.4% |
About this fund
The Kernel Balanced Fund is a passively managed balanced fund built by investing mainly across several other Kernel index funds, targeting roughly 60% shares and 40% cash and bonds. Its index-based approach tracks a reference portfolio rather than picking securities actively. It carries an annual fund charge of 0.25%.