Updated Reviewed quarterly
KGH vs KGM: ETF Comparison
KGH · Kernel
TER 0.25% · Yield 2.1%
KGM · Kernel
TER 0.25% · Yield —
Both KGH and KGM are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
In 30 seconds: KGH (Kernel High Growth Fund, Kernel) trades on the NZX at 0.25% TER. KGM (Kernel S&P Global 100 Fund, Kernel) trades on the NZX at 0.25% TER. Both KGH and KGM are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
- KGH: Kernel High Growth Fund — 0.25% TER, PIE (max 28% PIR)
- KGM: Kernel S&P Global 100 Fund — 0.25% TER, PIE (max 28% PIR)
- KGH yield: 2.1% (Quarterly)
- KGM yield: not currently published
- Cheaper TER: KGM
Head-to-head comparison
| Feature | KGH | KGM |
|---|---|---|
| Fund | Kernel High Growth Fund | Kernel S&P Global 100 Fund |
| Issuer | Kernel | Kernel |
| Exchange | NZX | NZX |
| Total expense ratio | 0.25% | 0.25% |
| Dividend yield (TTM) | 2.1% | — |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | PIE (max 28% PIR) | PIE (max 28% PIR) |
Where to buy
KGH trades on the NZX. KGM trades on the NZX. Both are available on every NZX broker (Sharesies, InvestNow, Kernel direct, BNZ, Jarden, ASB). See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between KGH and KGM? ▾
KGH (Kernel High Growth Fund) charges 0.25% TER vs KGM (Kernel S&P Global 100 Fund) at 0.25%. Both are issued by Kernel. Both KGH and KGM are NZX-listed PIE-wrapped funds. Distributions are taxed in-fund at your Prescribed Investor Rate (max 28%) and Foreign Investment Fund (FIF) rules do not apply to either. The choice is about exposure, fee, and issuer — not tax wrapper.
Which has the lower fee, KGH or KGM? ▾
KGM is cheaper at 0.25% TER vs KGH at 0.25% — a gap of 0.00 percentage points.
Which yields more, KGH or KGM? ▾
Yield data for at least one fund is not currently published — check the issuer fact sheet for the latest trailing 12-month yield. Headline yield is gross; after-tax outcome depends on your tax wrapper (PIE (max 28% PIR) for KGH, PIE (max 28% PIR) for KGM).
Can NZ residents buy both KGH and KGM? ▾
Yes. KGH (NZX) is available via Sharesies, InvestNow (Smartshares zero fee), Kernel direct, BNZ Direct Broking, Jarden Direct, ASB Securities. KGM (NZX) is available via Sharesies, InvestNow, Kernel direct, BNZ Direct Broking, Jarden, ASB.
How does NZ tax differ between KGH and KGM? ▾
KGH is PIE (max 28% PIR). KGM is PIE (max 28% PIR). Same tax wrapper, no structural tax difference between the two for NZ residents. See /tax/pie-vs-fif/ for the full mechanics.
