Kernel NZ Commercial Property Fund
Kernel NZ Commercial Property Fund is an aggressive KiwiSaver fund managed by Kernel. It has 63 members and holds $755,759. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +7.5% a year
- Return over 3 years
- +0.9% 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
- Goodman Property Trust 17.87%
- Kiwi Property Group Limited 17.39%
- Precinct Properties New Zealand Limited 17.02%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.5% |
| 2024/25 | −7.2% |
| 2023/24 | +3.0% |
About this fund
The Kernel NZ Commercial Property Fund is a passively managed fund that tracks the S&P/NZX Real Estate Select Index, investing in the largest listed property trusts on the New Zealand sharemarket — office buildings, industrial estates and shopping malls. As a local property-sector fund its returns are tied to property securities rather than the wider sharemarket. It carries an annual fund charge of 0.25%.