Kernel S&P 500 (NZd Hedged) Fund
Kernel S&P 500 (NZd Hedged) Fund is an aggressive KiwiSaver fund managed by Kernel. It has 1,123 members and holds $33 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +12.6% a year
- Return over 3 years
- +16.1% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 100%.
Largest holdings
- Nvidia Ord 7.62%
- Apple Inc 6.7%
- Redemptions 5.36%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +12.6% |
| 2024/25 | +7.9% |
| 2023/24 | +28.9% |
About this fund
The Kernel S&P 500 (NZD Hedged) Fund is a passively managed fund that tracks the S&P 500 — 500 large US companies listed on the New York and Nasdaq exchanges — through an index hedged back to the New Zealand dollar. The hedging reduces the effect of currency movements, which is the difference from the unhedged version. It carries an annual fund charge of 0.25%.