Skip to main content
ManagedFunds.nz

Funds

All fundsFund screenerFund managersBy asset classBy risk bandBy annual feePIE funds

Holdings

Search by company

Compare

Compare two fundsReturns leaderboardTrack record vs indexFee rankings by categoryPortfolio builderFund change log

Learn

GuidesCalculatorsGlossaryWho manages each fundMethodology

Where to buy

Where to buy
Kernel logo

Fund manager

Kernel

Kernel Wealth Limited

NZ index-investing specialist with a broad retail range covering NZ, Australian, US and global equity, infrastructure, ESG, fixed interest and cash strategies.

Funds tracked
27
Headquarters
Auckland
Kernel websiteRead the Kernel review →

Peer managers

Other NZ managers in International Equities

Scheme governance

Audit, trustee, history

Diversified Funds

Aggressive, growth, balanced and conservative one-stop funds.

3 funds
Kernel Conservative Fund
Fee
0.25%
Risk
3/7
PIE · capped at PIR (max 28%)conservative
Kernel Balanced Fund
Fee
0.25%
Risk
4/7
PIE · capped at PIR (max 28%)balanced
Kernel High Growth Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)aggressive

Australasian Equities

NZ and Trans-Tasman shares — active, index and ETF wrappers.

4 funds
Kernel NZ 20 Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)growth
Kernel NZ 50 ESG Tilted Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)Responsible / ethicalgrowth
Kernel NZ Small & Mid Cap Opportunities Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)growth
Kernel Australia 100 Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)growth

International Equities

Global, US, Europe, Asia, emerging markets and thematic.

11 funds
Kernel S&P Global 100 Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)growth
Kernel S&P Global 100 (NZD Hedged) Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)NZD hedgedgrowth
Kernel S&P 500 (Unhedged) Fund
Fee
0.25%
Risk
6/7
PIE · capped at PIR (max 28%)growth
Kernel S&P 500 (NZD Hedged) Fund
Fee
0.25%
Risk
6/7
PIE · capped at PIR (max 28%)NZD hedgedgrowth
Kernel World ex-US Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)growth
Kernel World ex-US (NZD Hedged) Fund
PIE · capped at PIR (max 28%)NZD hedgedgrowth
Kernel Emerging Markets Fund
Fee
0.45%
Risk
5/7
PIE · capped at PIR (max 28%)growth
Kernel Global ESG Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)Responsible / ethicalgrowth
Kernel Global ESG (NZD Hedged) Fund
PIE · capped at PIR (max 28%)NZD hedgedResponsible / ethicalgrowth
Kernel S&P Global Dividend Aristocrats Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)Thematicgrowth
Kernel S&P Global Clean Energy Fund
Fee
0.45%
Risk
6/7
PIE · capped at PIR (max 28%)Responsible / ethicalThematicaggressive

New Zealand Fixed Interest

NZ government and corporate bonds.

3 funds
Kernel NZ Bond Fund
Fee
0.40%
Risk
3/7
PIE · capped at PIR (max 28%)conservative
Kernel March 2027 NZ Bond Fund
PIE · capped at PIR (max 28%)conservative
Kernel March 2029 NZ Bond Fund
PIE · capped at PIR (max 28%)conservative

International Fixed Interest

Global aggregate, corporate and sovereign bonds.

1 fund
Kernel US Bond Fund
Fee
0.30%
Risk
4/7
PIE · capped at PIR (max 28%)conservative

Listed Property

NZ, Australian and global REITs.

2 funds
Kernel Global Property (NZD Hedged) Fund
PIE · capped at PIR (max 28%)NZD hedgedbalanced
Kernel NZ Commercial Property Fund
Fee
0.25%
5y return
2.75%
Risk
5/7
PIE · capped at PIR (max 28%)balanced

Cash and Cash Equivalents

On-call and short-duration cash funds.

1 fund
Kernel Cash Plus Fund
Fee
0.25%
Risk
1/7
PIE · capped at PIR (max 28%)conservative

Other

Infrastructure, Bitcoin and specialty income funds.

2 funds
Kernel Global Infrastructure Fund
Fee
0.25%
Risk
5/7
PIE · capped at PIR (max 28%)Thematicbalanced
Kernel Global Infrastructure (NZD Hedged) Fund
PIE · capped at PIR (max 28%)NZD hedgedThematicbalanced

Questions about Kernel

How many managed funds does Kernel offer in New Zealand?▾

Kernel runs 27 retail managed funds available to New Zealand investors, across 8 asset classes: Diversified Funds, Cash and Cash Equivalents, New Zealand Fixed Interest, International Fixed Interest, International Equities, Other, Listed Property, Australasian Equities. Counts are taken from the FMA Disclose register.

What does Kernel charge?▾

Annual fund charges across Kernel's 21 funds with published data range from 0.25% to 0.45% per year. The charge is deducted from the fund, not billed separately. Figures come from each fund's Quarterly Fund Update via the FMA Disclose register.

Is Kernel a licensed fund manager in New Zealand?▾

Kernel operates in New Zealand as Kernel Wealth Limited. Managed investment schemes offered to NZ retail investors must be registered on the FMA Disclose register and operated by a licensed manager with a licensed supervisor. Each fund page links to its Disclose record so the registration can be checked directly.

Are Kernel's funds PIEs?▾

27 of Kernel's 27 funds are Portfolio Investment Entities (PIE). A PIE taxes investment income at your Prescribed Investor Rate, capped at 28%, rather than at your marginal income tax rate.

Explore this with AI

Open a fresh AI chat pre-loaded with this page — ask it to summarise, explain, or compare, and it can read ManagedFundsNZ's underlying data directly.

Key takeaways
ChatGPTClaudePerplexityGrok
Explain the fees
ChatGPTClaudePerplexityGrok
How it compares
ChatGPTClaudePerplexityGrok
Questions to ask
ChatGPTClaudePerplexityGrok
Connect the ManagedFundsNZ MCP server →Add ManagedFundsNZ to Google Preferred Sources

AI & integrations

Use this manager inside the tools you already use

Every manager on ManagedFundsNZ ships in three formats so AI assistants and data tools can consume it without scraping: a canonical HTML page, a plain Markdown twin, and a 1-call MCP server. Citation back to the canonical URL is required; full reuse policy at /llms-policy.txt.

MCP server →