KernelKernel Wealth funds list
Updated Reviewed monthly
Every Kernel fund — 3 NZX-listed plus the extended direct-platform range. All PIE-taxed.
In 30 seconds: This site indexes 3 core Kernel funds (NZ20, KGM, KGH) — all at 0.25% TER. All Kernel funds are unlisted PIEs bought direct on the Kernel platform (none trade on the NZX); the wider direct range also includes NZ Bond, Global ESG, Cash Plus, S&P 500 and NZ Commercial Property. All funds are PIE-taxed at your Prescribed Investor Rate (max 28%).
- Core index funds (unlisted PIEs): NZ20, 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)
Kernel direct-platform funds (not NZX-listed)
Available only through the Kernel direct platform. Same NZ-PIE tax treatment as the listed funds.
| Fund | TER | What it covers |
|---|---|---|
| Kernel NZ Bond Fund | approx. 0.25% | NZ government + investment-grade corporate bonds |
| Kernel Global ESG Fund | approx. 0.39% | Global equity with ESG screen |
| Kernel Cash Plus | approx. 0.25% | Cash-equivalent / high-interest alternative |
| Kernel S&P 500 (direct) | approx. 0.25% | S&P 500 wrapped as a Kernel PIE (alternative to USF) |
| Kernel NZ Commercial Property | approx. 0.45% | NZ-listed REITs (similar exposure to Smartshares NPF) |
| Kernel Balanced | approx. 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.
