{
  "schemaVersion": "1.0",
  "canonicalUrl": "https://managedfunds.nz/funds/kernel/world-ex-us/",
  "fetchedAt": "2026-05-22T05:19:08.593Z",
  "fund": {
    "slug": "world-ex-us",
    "name": "Kernel World ex-US Fund",
    "managerSlug": "kernel",
    "category": "international-equities",
    "riskProfile": "growth",
    "isPie": true,
    "isEtf": null,
    "ticker": null,
    "isHedged": false,
    "isResponsibleInvestment": null,
    "isThematic": null,
    "isFifNotPie": null,
    "shortDescription": null,
    "availableVia": [
      "direct"
    ],
    "dataStatus": "pending-ingestion"
  },
  "manager": {
    "slug": "kernel",
    "name": "Kernel",
    "legalName": "Kernel Wealth Limited",
    "parent": null,
    "website": "https://kernelwealth.co.nz",
    "hq": "Auckland"
  },
  "category": {
    "slug": "international-equities",
    "name": "International Equities",
    "shortName": "International Equities"
  },
  "metrics": {
    "status": "ok",
    "matchScore": 3.3333333333333335,
    "sortedFundName": "KERNEL WORLD EX-US FUND",
    "sortedManager": "KERNEL WEALTH LIMITED kernelwealth.co.nz",
    "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND58860/",
    "fetchedAt": "2026-05-22T03:03:47.464Z",
    "source_doc": "sorted/SCH13288/OFR13322/FND58860",
    "source_doc_date": "2026-05-22",
    "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND58860/",
    "source_tier": "C",
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    "annualFundChargePct": 0.25,
    "peerAvgFeePct": 0.85,
    "fiveYearReturnPct": null,
    "peerAvg5YearReturnPct": 5.65,
    "fiveYearReturnNote": "Less than 5 years of data",
    "growthAssetsPct": 98.37,
    "incomeAssetsPct": 1.63,
    "fundSizeNzd": 9254103.81,
    "pdsUrl": "/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf",
    "strategySummary": "“\n                            The Kernel World ex-US Fund's investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the S&P World Ex-U.S., Controversial Weapons and Tobacco (NZD) Index.\n                            ”",
    "topHoldings": [
      {
        "asset": "ASML Holdings ORD",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "NL",
        "weightPct": 2.25
      },
      {
        "asset": "Astrazeneca PLC ORD Shs",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "GB",
        "weightPct": 1.35
      },
      {
        "asset": "Novartis AG",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "CH",
        "weightPct": 1.29
      },
      {
        "asset": "HSBC Holdings PLC Ord",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "GB",
        "weightPct": 1.24
      },
      {
        "asset": "Roche Holding AG",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "CH",
        "weightPct": 1.24
      },
      {
        "asset": "Shell Ord",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "GB",
        "weightPct": 1.21
      },
      {
        "asset": "Nestle SA (CH Registry)",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "CH",
        "weightPct": 1.13
      },
      {
        "asset": "Toyota Motor Corp",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "JP",
        "weightPct": 1.06
      },
      {
        "asset": "Royal Bank of Canada",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "CA",
        "weightPct": 1.01
      },
      {
        "asset": "Mitsubishi UFJ Financial Group Inc",
        "assetClass": "Shares",
        "type": "International Equities",
        "country": "JP",
        "weightPct": 0.87
      }
    ],
    "fundStartDate": "13 August 2025",
    "minimumInvestmentNzd": 1,
    "documents": [
      {
        "label": "KERNEL WORLD EX-US FUND (FND58860) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 27.06 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/full-portfolio/FND58860/KERNEL-WORLD-EX-US-FUND-FND58860-Full-portfolio-holdings-31-March-2026.xlsx"
      },
      {
        "label": "Kernel Kiwi Saver PDS Equities August 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 399.30 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf"
      },
      {
        "label": "World ex US FU KS Kiwi Saver Update Mar 2026.pdf The quarterly update published by the provider PDF, 571.64 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/9e2f76d112cd9c25/World-ex-US-FU-KS----Kiwi-Saver-Update---Mar-2026.pdf"
      },
      {
        "label": "Kernel Kiwi Saver PDS Diversified August 2025.pdf Additional product disclosure statement from the provider PDF, 415.69 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo7aaac04bca7f1ba7872251173f52f4f7/Kernel-Kiwi-Saver-PDS-Diversified-August-2025.pdf"
      },
      {
        "label": "ESG Policy March 2023.pdf ESG Policy PDF, 1.92 MB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdofc9eb0568efc05d2e549e5b36624608b/ESG-Policy-March-2023.pdf"
      },
      {
        "label": "Kernel Kiwi Saver OMI August 2025.pdf Other Material Information PDF, 271.27 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo0e0ab3860b2143c3621b92dac666870c/Kernel-Kiwi-Saver-OMI-August-2025.pdf"
      },
      {
        "label": "Kernel Kiwi Saver SIPO September 2025.pdf Statement of investment policy and objectives PDF, 482.21 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo5a48354052d7caf0d9372a4e0728087d/Kernel-Kiwi-Saver-SIPO-September-2025.pdf"
      }
    ]
  },
  "sources": {
    "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Kernel%20World%20ex-US%20Fund",
    "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND58860/",
    "productDisclosureStatement": "/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf"
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  "licence": {
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    "contact": "hello@managedfunds.nz"
  }
}