Kernel NZ 20 Fund
Kernel NZ 20 Fund is an aggressive KiwiSaver fund managed by Kernel. It has 257 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
- +3.0% a year
- Return over 3 years
- +1.6% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
Australasian equities 100%.
Largest holdings
- Fisher & Paykel Healthcare Corp Ltd 14.87%
- Auckland International Airport 12.79%
- Infratil Limited 11.02%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.0% |
| 2024/25 | 0.0% |
| 2023/24 | +1.8% |
About this fund
The Kernel NZ 20 Fund is a passively managed fund that tracks the S&P/NZX 20 Index — 20 of the largest companies listed on the New Zealand sharemarket. As a concentrated single-market fund its behaviour is driven by a small group of large local companies. It carries an annual fund charge of 0.25%.