# Kernel Funds

> FMA-registered Managed Investment Scheme containing 6 retail managed funds. Scheme name sourced from the FMA Disclose register via Sorted Smart Investor. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **FMA scheme number:** SCH12697
- **Brand manager:** Kernel (Kernel Wealth Limited)
- **Legal issuer:** Kernel Wealth Limited
- **Funds in our coverage:** 6
- **Asset classes covered:** 5 (Diversified, Australasian Equities, International Equities, Listed Property, Other)
- **Offer document(s):** OFR12698 (Kernel Funds)
- **Last verified:** 2026-05-22

## About this scheme

A Managed Investment Scheme (MIS) is the legal vehicle defined under the Financial Markets Conduct Act 2013 that pools investor money for collective investment. Kernel Funds is an MIS registered with the FMA as SCH12697. Kernel is the brand manager whose funds sit within the scheme. The scheme is issued by Kernel Wealth Limited, which holds the FMA licence and is the legal entity on the offer documents.

## Funds in this scheme (6)

### Diversified Funds (1)

- [Kernel Conservative Fund](https://managedfunds.nz/funds/kernel/conservative/) — conservative, PIE

### Australasian Equities (1)

- [Kernel Australia 100 Fund](https://managedfunds.nz/funds/kernel/australia-100/) — growth, PIE

### International Equities (2)

- [Kernel S&P Global 100 (NZD Hedged) Fund](https://managedfunds.nz/funds/kernel/sp-global-100-hedged/) — growth, PIE, NZD hedged
- [Kernel S&P Global 100 Fund](https://managedfunds.nz/funds/kernel/sp-global-100/) — growth, PIE

### Listed Property (1)

- [Kernel NZ Commercial Property Fund](https://managedfunds.nz/funds/kernel/nz-commercial-property/) — balanced, PIE

### Other (1)

- [Kernel Global Infrastructure Fund](https://managedfunds.nz/funds/kernel/global-infrastructure/) — balanced, PIE

## Per-fund Markdown feeds

Every fund above has a machine-readable Markdown twin at `<canonical>markdown.md` and a structured-data twin at `<canonical>data.json`. Example:

- HTML: https://managedfunds.nz/funds/kernel/australia-100/
- Markdown: https://managedfunds.nz/funds/kernel/australia-100/markdown.md
- JSON: https://managedfunds.nz/funds/kernel/australia-100/data.json

## Sources

- **FMA Disclose register** (search for SCH12697): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=SCH12697
- **Brand manager website:** https://kernelwealth.co.nz
- **Scheme profile (HTML):** https://managedfunds.nz/schemes/sch12697/

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

## This file

- **Canonical HTML:** https://managedfunds.nz/schemes/sch12697/
- **Markdown (this file):** https://managedfunds.nz/schemes/sch12697/markdown.md
- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
- **Reuse licence:** citation with link back to the canonical HTML is granted. No paid redistribution. Full terms: https://managedfunds.nz/llms-policy.txt

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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.