Updated Reviewed quarterly
KGH vs NZ20: ETF Comparison
KGH · Kernel
TER 0.25% · Yield —
NZ20 · Kernel
TER 0.25% · Yield —
Both KGH and NZ20 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) is an unlisted PIE fund (not exchange-traded) at 0.25% TER. NZ20 (Kernel NZ 20 Fund, Kernel) is an unlisted PIE fund (not exchange-traded) at 0.25% TER. Both KGH and NZ20 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)
- NZ20: Kernel NZ 20 Fund — 0.25% TER, PIE (max 28% PIR)
- KGH yield: not currently published
- NZ20 yield: not currently published
- Cheaper TER: NZ20
Head-to-head comparison
| Feature | KGH | NZ20 |
|---|---|---|
| Fund | Kernel High Growth Fund | Kernel NZ 20 Fund |
| Issuer | Kernel | Kernel |
| Exchange | Unlisted | Unlisted |
| Total expense ratio | 0.25% | 0.25% |
| Dividend yield (TTM) | — | — |
| Distribution frequency | Quarterly | Quarterly |
| NZ tax wrapper | PIE (max 28% PIR) | PIE (max 28% PIR) |
Where to buy
KGH is an unlisted PIE fund (not exchange-traded) — buy via the issuer platform only (unlisted PIE — buy units direct on Kernel). NZ20 is an unlisted PIE fund (not exchange-traded) — buy via the issuer platform only (unlisted PIE — buy units direct on Kernel). See all 11 NZ investment platforms compared.
Frequently asked questions
What is the difference between KGH and NZ20?▾
KGH (Kernel High Growth Fund) charges 0.25% TER vs NZ20 (Kernel NZ 20 Fund) at 0.25%. Both are issued by Kernel. Both KGH and NZ20 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 NZ20?▾
NZ20 is cheaper at 0.25% TER vs KGH at 0.25% — a gap of 0.00 percentage points.
Which yields more, KGH or NZ20?▾
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 NZ20).
Can NZ residents buy both KGH and NZ20?▾
Yes. KGH is available via the issuer platform only (unlisted PIE — buy units direct on Kernel). NZ20 is available via the issuer platform only (unlisted PIE — buy units direct on Kernel).
How does NZ tax differ between KGH and NZ20?▾
KGH is PIE (max 28% PIR). NZ20 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.
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