Kernel Kernel Wealth funds list
Updated Reviewed monthly
Every Kernel fund — 4 NZX-listed plus the extended direct-platform range. All PIE-taxed.
In 30 seconds: Kernel issues 4 NZX-listed ETFs (NZ20, KSC, KGM, KGH) — all at 0.25% TER. On top of that, Kernel direct offers an extended range of unlisted PIE funds (NZ Bond, Global ESG, Cash Plus, S&P 500 direct, NZ Commercial Property, Balanced) that aren't traded on the NZX. All funds are PIE-taxed at your Prescribed Investor Rate (max 28%).
- NZX-listed funds: NZ20, KSC, KGM, KGH (all 0.25% TER)
- Direct-platform funds: Bond, ESG, Cash Plus, S&P 500, NZ Property, Balanced
- All PIE-taxed — max 28% PIR, FIF-exempt
- Lowest TER: 0.25% on the four NZX-listed flagships
- Where to buy: Kernel direct (zero fee) or any NZX broker (NZX-listed only)
NZX-listed Kernel funds
Available through any NZX broker (Sharesies, BNZ Direct Broking, Jarden Direct, ASB Securities) or direct on Kernel.
Kernel direct-platform funds (not NZX-listed)
Available only through the Kernel direct platform. Same NZ-PIE tax treatment as the listed funds.
| Fund | Approx. TER | What it covers |
|---|---|---|
| Kernel NZ Bond Fund | 0.25% | NZ government + investment-grade corporate bonds |
| Kernel Global ESG Fund | 0.39% | Global equity with ESG screen |
| Kernel Cash Plus | 0.25% | Cash-equivalent / high-interest alternative |
| Kernel S&P 500 (direct) | 0.25% | S&P 500 wrapped as a Kernel PIE (alternative to USF) |
| Kernel NZ Commercial Property | 0.45% | NZ-listed REITs (similar exposure to Smartshares NPF) |
| Kernel Balanced | 0.35% | Multi-asset 60/40-style fund |
TER figures for the direct-platform range are approximate — verify on the Kernel site before investing as fund-level disclosure documents are the authoritative source.
