Kernel Global Property (NZd Hedged) Fund
Kernel Global Property (NZd Hedged) Fund is an aggressive KiwiSaver fund managed by Kernel. It has 88 members and holds $1 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +4.0% a year
- Return over 3 years
- +6.8% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
Listed property 100%.
Largest holdings
- ProLogis Inc 9.29%
- Welltower Inc 7.3%
- Public Storage 6.44%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.0% |
| 2024/25 | +6.0% |
| 2023/24 | +10.5% |
About this fund
The Kernel Global Property (NZD Hedged) Fund is a passively managed fund that tracks the Dow Jones Global Select Green RESI index, holding global real estate companies — from offices and retail to residential, storage and healthcare property — with weightings tilted towards stronger GRESB sustainability scores. Currency exposure is hedged to the New Zealand dollar. As a property-sector fund it differs from broad global shares. It carries an annual fund charge of 0.25%.