Kernel S&P 500 (Unhedged) Fund
Kernel S&P 500 (Unhedged) Fund is an aggressive KiwiSaver fund managed by Kernel. It has 1,038 members and holds $28 million. It opened in 2024.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +15.1% 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 7.6%
- Apple Inc 6.68%
- Microsoft 4.93%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +15.1% |
About this fund
The Kernel S&P 500 (Unhedged) Fund is a passively managed fund that tracks the S&P 500 (NZD) Index — 500 large US companies listed on the New York and Nasdaq exchanges — with foreign currency movements left unhedged. The currency setting is the main difference from the hedged version. It carries an annual fund charge of 0.25%.