Kernel Global Infrastructure Fund
Kernel Global Infrastructure Fund is an aggressive KiwiSaver fund managed by Kernel. It has 305 members and holds $4 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +16.3% a year
- Return over 3 years
- +15.2% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 97%.
Largest holdings
- Enbridge Inc 7.0%
- The Williams Companies Inc 5.08%
- National Grid PLC Ord 4.94%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +16.3% |
| 2024/25 | +24.5% |
| 2023/24 | +5.5% |
About this fund
The Kernel Global Infrastructure Fund is a passively managed fund that tracks the Dow Jones Brookfield Global Infrastructure Index, holding global companies that derive at least 70% of their cash flows from infrastructure such as utilities, storage and telecommunications. Foreign currency movements are left unhedged. As a single-sector fund it differs from broad global shares. It carries an annual fund charge of 0.25%.