Kernel S&P Global 100 (NZd Hedged) Fund
Kernel S&P Global 100 (NZd Hedged) Fund is an aggressive KiwiSaver fund managed by Kernel. It has 477 members and holds $13 million. It opened in 2022.
Fees and returns
- Annual fee
- 0.25% of your balance each year
- Return over 1 year
- +21.6% a year
- Return over 3 years
- +19.8% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 101%.
Largest holdings
- Nvidia Ord 12.49%
- Apple Inc 10.98%
- Microsoft 8.1%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +21.6% |
| 2024/25 | +8.6% |
| 2023/24 | +30.0% |
About this fund
The Kernel S&P Global 100 (NZD Hedged) Fund is a passively managed fund that tracks the S&P Global 100 Ex-Controversial Weapons Index — 100 very large multinational companies across major markets — with currency hedged to the New Zealand dollar. It is broader than a single-country fund but narrower than total-world shares. It carries an annual fund charge of 0.25%.