Kernel KiwiSaver Plan
Kernel NZ 50 ESG Tilted Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
- View holdings changes →HoldingsMATERIALJun 2026Top-10 turnover: 3 new, 3 droppedQuarter-on-quarter (Mar 2026 → Jun 2026)
About this aggressive fund
The Kernel NZ 50 ESG Tilted Fund sits within the Kernel KiwiSaver Plan and holds 100% growth assets with no income assets. It is classified as an Aggressive scheme fund, positioning it toward the higher-risk end of the plan's investment options. The fund focuses on New Zealand equities with an environmental, social and governance tilt to its investment approach.
This scheme fund carries a risk indicator of 5 out of 7 on the FMA scale. The annual fee is 0.25%, which is materially lower than the peer-median fee of 0.86% for Aggressive scheme funds in the same cohort. As at 30 June 2026, the fund held $55.1 million in assets across 138 members. Past performance is not a reliable indicator of future returns.
An Aggressive risk profile is typically considered appropriate for members with a longer investment timeframe who can tolerate significant year-to-year fluctuations in their balance. The FMA risk scale indicates that a 5 out of 7 rating means investors should be prepared for substantial volatility and potential for notable losses over shorter periods. This profile is generally not suitable for those nearing their KiwiSaver withdrawal date or with a lower tolerance for investment fluctuations.
Holdings
As of 2026-06-30 Kernel NZ 50 ESG Tilted Fund reports an asset mix of 100% growth assets (shares, listed property, alternatives) and 0% income assets (cash, bonds, fixed interest). This split is typical for a aggressive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Kernel NZ 50 ESG Tilted Fund has 2 quarters of QFU data on file (2026-03-31 to 2026-06-30). Past performance is not a reliable indicator of future returns.
Fees
At 0.25% in annual charges, Kernel NZ 50 ESG Tilted Fund's fee sits 0.61 percentage points below the median for Aggressive KiwiSaver scheme funds in our coverage (median 0.86%). 6 of the 128 funds in this cohort charge a lower annual fee (this fund ranks 7 cheapest of 128). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Kernel NZ 50 ESG Tilted Fund carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
No 5-year average return figure held. Recorded fund start date 11 April 2022 is less than five years before March 2026.
Five Year Average Return
About “—” in return figures: it means no figure is held, not a return of zero. No 5-year average return figure is held for this fund. Figures are drawn from fund disclosures on the FMA Disclose register, chiefly quarterly fund updates. Each fund shows the most recent figure held; the latest quarter broadly covered across all funds is March 2026. A fund too new to report a period has no figure for it; other gaps are figures not yet captured from the updates ingested so far.
Returns (green) show the fund’s growth over the five years to 30 June 2026, after fees and taxes. Compare these results with the average Aggressive KiwiSaver scheme fund (light green).
Fees
0.25%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Aggressive KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 30 June 2026. The average mix foraggressive KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ The Kernel NZ 50 ESG Tilted tracks the S&P/NZX 50 Portfolio ESG Tilted Index. Using the internationally acclaimed Corporate Sustainability Assessment from S&P Dow Jones, each company included in the S&P/NZX 50 Portfolio Index is given an ESG score and re-weighted accordingly ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Aggressive funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 69.96% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | Fisher & Paykel Healthcare Corp Ltd | 9.80 | |||
 | Auckland International Airport (NZ Registry) | 9.79 | |||
 | Meridian Energy | 9.54 | |||
 | Fletcher Building Ltd (NZ Registry) | 7.69 | |||
 | The a2 Milk Company Ltd | 6.54 | |||
 | Contact Energy Ltd | 6.43 | |||
 | Infratil Limited | 5.84 | |||
 | Spark New Zealand Limited (NZ Registered) | 5.67 | |||
 | Precinct Properties New Zealand Limited | 5.05 | |||
 | Chorus Ltd | 3.61 |
Top-10 holdings changes
31 Mar 2026 → 30 Jun 2026
Auckland International Airport (NZ Registry)9.79%
Infratil Limited5.84%
Chorus Ltd3.61%
Westpac Banking Corporation (NZ Register)was 4.78%
Fonterra Shareholders' Fundwas 4.36%
The a2 Milk Company Ltd4.48% → 6.54% (+2.06 pp)
Meridian Energy7.90% → 9.54% (+1.64 pp)
Fletcher Building Ltd (NZ Registry)8.58% → 7.69% (-0.89 pp)
Spark New Zealand Limited (NZ Registered)6.53% → 5.67% (-0.86 pp)
Precinct Properties New Zealand Limited5.82% → 5.05% (-0.77 pp)
Fisher & Paykel Healthcare Corp Ltd10.46% → 9.80% (-0.66 pp)
Contact Energy Ltd7.08% → 6.43% (-0.65 pp)
Fees
0.25%
This Fund
0.7%
Average Aggressive KiwiSaver scheme funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Aggressive KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 0.25% | — |
Returns
No five-year data available
This Fund
7.49%
Average Aggressive KiwiSaver scheme funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Aggressive KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | KERNEL WEALTH LIMITED |
| Type | NZ Limited Company |
| Website | kernelwealth.co.nz |
| NZBN | 9429047045989 |
| FSP Number | FSP644609 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $55110694 |
| Debt ratio | 0.21% |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
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Identifiers
- FMA fund code
- FND37629
- FSP number
- FSP644609
- NZBN
- 9429047045989
- Provider
- Kernel
- Scheme
- Kernel KiwiSaver Plan
Endpoints for Kernel NZ 50 ESG Tilted Fund
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