Kernel Global Property (NZD Hedged) Fund
Managed by Kernel Kernel Global Property (NZD Hedged) Fund is a listed property managed fund operated by Kernel; PIE-structured.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
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View this fund on FMA DiscloseAbout this category
Funds investing in listed property companies and Real Estate Investment Trusts (REITs). Provides equity-like exposure to commercial, industrial, retail and residential property.
About Kernel
NZ index-investing specialist with a broad retail range covering NZ, Australian, US and global equity, infrastructure, ESG, fixed interest and cash strategies.
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Side-by-side numbers — fees, returns, risk, fund size, asset mix.
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the Kernel Global Property (NZD Hedged) Fund?
Kernel Global Property (NZD Hedged) Fund is managed by Kernel. NZ index-investing specialist with a broad retail range covering NZ, Australian, US and global equity, infrastructure, ESG, fixed interest and cash strategies.
What asset class is the Kernel Global Property (NZD Hedged) Fund?
It is a listed property managed fund. The fund has a balanced risk profile. Funds investing in listed property companies and Real Estate Investment Trusts (REITs). Provides equity-like exposure to commercial, industrial, retail and residential property.
What are the fees for the Kernel Global Property (NZD Hedged) Fund?
The current annual fund charge is published in the fund's latest Quarterly Fund Update on the FMA Disclose register: https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Kernel%20Global%20Property%20(NZD%20Hedged)%20Fund. Always check the current Product Disclosure Statement (PDS) for any additional fees.
Is the Kernel Global Property (NZD Hedged) Fund a PIE fund?
Yes. The Kernel Global Property (NZD Hedged) Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
Is the Kernel Global Property (NZD Hedged) Fund currency-hedged?
Yes. The Kernel Global Property (NZD Hedged) Fund hedges its foreign-currency exposure back to NZD. This reduces the impact of NZD/foreign-currency movements on returns but adds a hedging cost.
How can I invest in the Kernel Global Property (NZD Hedged) Fund?
The Kernel Global Property (NZD Hedged) Fund is available via Kernel directly. Always read the current Product Disclosure Statement before investing.