Kernel Global Infrastructure (NZd Hedged) Fund
Kernel Global Infrastructure (NZd Hedged) Fund is an aggressive KiwiSaver fund managed by Kernel. It has 144 members and holds $2 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +13.2% a year
- Return over 3 years
- +11.9% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 98%.
Largest holdings
- Enbridge Inc 7.02%
- The Williams Companies Inc 5.09%
- National Grid PLC Ord 4.96%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +13.2% |
| 2024/25 | +20.5% |
| 2023/24 | +2.6% |
About this fund
The Kernel Global Infrastructure (NZD Hedged) 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. Currency exposure is hedged to the New Zealand dollar. As a single-sector fund it differs from broad global shares. It carries an annual fund charge of 0.25%.