Kernel Conservative Fund
Kernel Conservative Fund is a conservative KiwiSaver fund managed by Kernel. It has 102 members and holds $6 million. It opened in 2025.
Fees and returns
- Annual fee
- 0.25% of your balance each year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
New zealand fixed interest 42%, international equities 21%, cash and cash equivalents 15%, international fixed interest 13%.
Largest holdings
- iShares Core US Aggregate Bond ETF 12.89%
- Nzgs 4.25% 15/05/2034 7.67%
- Nzgs 5.00% 15/05/2054 3.23%
About this fund
The Kernel Conservative Fund is a passively managed conservative fund built by investing mainly across several other Kernel index funds, holding roughly 30% growth assets (shares and listed property) and 70% income assets (cash and bonds). Its index-based approach tracks a reference portfolio rather than selecting securities actively. It carries an annual fund charge of 0.25%.