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Kernel Kiwisaver Plan

Kernel S&P 500 (Unhedged) Fund

Aggressive·KiwiSaver fund·Risk 6/7
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The Smiths take

Kernel S&P 500 (Unhedged) Fund Smiths Rating B

Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.

Smiths reviews this fund against every other aggressive option in NZ on net-of-fees returns, total fees, and band fit. The full Sorted snapshot is below.

General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.

At a glance

This fund is for investors seeking

Three quick reads for whether the Kernel S&P 500 (Unhedged) Fund fits your situation.

A 10+ years timeframe

This is a aggressive KiwiSaver fund. The provider's recommended minimum holding period sits in the 10+ years range.

A higher-risk investment

Sorted's risk indicator places this at 6 on a 1–7 scale. Bigger swings, potentially higher long-term returns.

Mostly growth assets

100% growth assets (shares, property) and 0% income assets (bonds, cash). Spread across multiple asset classes.

Snapshot

The headline numbers

Mix

99.70% / 0.30%

Growth / Income · avg 98.25% / 1.75%

Fees

0.25%

$75 on $30k · avg 1.95%

What the provider says

In their own words

“The Kernel S&P 500 (Unhedged) Fund’s investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the S&P 500 (NZD) Index”
Fund start date
11 November 2024
Withdrawal rules
This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.

Asset mix

What this fund actually holds

Growth assets are 99.70% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.

  • Shares
    this fund
    avg

    99.70%

    avg 87.94%

  • Property
    this fund
    avg

    0.00%

    avg 8.38%

  • Other
    this fund
    avg

    0.00%

    avg 1.93%

  • Bonds
    this fund
    avg

    0.00%

    avg 0.38%

  • Cash
    this fund
    avg

    0.30%

    avg 1.37%

What it owns

Top 10 holdings. 39.11% of the fund

The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.

  • Nvidia Ord

    Shares

    International Equities
    US
    7.73%

  • Apple Inc

    Shares

    International Equities
    US
    6.85%

  • Microsoft

    Shares

    International Equities
    US
    6.13%

  • Amazon.Com Inc

    Shares

    International Equities
    US
    3.83%

  • Alphabet Inc Class A

    Shares

    International Equities
    US
    3.11%

  • Broadcom Inc

    Shares

    International Equities
    US
    2.79%

  • Alphabet Inc Class C

    Shares

    International Equities
    US
    2.49%

  • Meta Platforms Inc

    Shares

    International Equities
    US
    2.45%

  • Tesla Inc Ordinary Shares

    Shares

    International Equities
    US
    2.16%

  • Berkshire Hathaway Inc Cl B

    Shares

    International Equities
    US
    1.57%

Fees breakdown

What you actually pay

Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.

  • Management

    Charged by the fund manager, % of your balance.

    0.25%

    avg 0.73%

    $75

    avg $219

    −0.48%

  • Other

    Other potential costs not in the categories below.

    99.70%

    avg 87.94%

    -

    avg -

    +11.76%

  • Performance-based

    Higher when the fund (or underlying fund) performs well.

    0.00%

    avg -

    $0

    avg -

  • Membership

    A flat annual fee, regardless of balance or performance.

    0.00%

    avg 0.05%

    $0

    avg $16

    −0.05%

Total combined fees

Doesn't include fees for one-off activities like transferring or withdrawing.

0.25%

avg 1.95%

$75

avg $585

−1.70%

Risk indicator

Sorted risk rating: 6 of 7

The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.

Lower risk · lower returnsHigher risk · higher returns
1
2
3
4
5
6
7

Fund details

The unsexy stats that matter

Total fund value
$26,174,296
Members
913
Asset liquidity ratio
100.00%
Debt ratio
0.15%
Default KiwiSaver fund
No
Fund reference
FND52055

Manager

Kernel Kiwisaver Plan

Licensed with the Financial Markets Authority.

NZBN
9429047045989
FSP number
FSP644609

Smiths Health Check

Is the Kernel S&P 500 (Unhedged) Fund actually the right fund for you?

Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just kernel.

Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →

Run free Health Check
Data: Sorted Smart Investor. Returns, fees and holdings refresh quarterly. General information only. Past performance is not a reliable indicator of future performance.