Kernel High Growth

Kernel High Growth sits 1st in its aggressive category over both one and three years, and charges a flat 0.25 percent annual fee with no performance or other charges on top.

The fund holds $465 million and runs 99 percent in growth assets, split roughly three-quarters international shares and one-quarter Australasian. The top line is dominated by US technology: Nvidia takes 5.07 percent, Apple 4.45 percent, Microsoft 3.29 percent, with Amazon, Alphabet and Broadcom also in the top ten. An emerging markets ETF accounts for 7.13 percent, the single largest position. On the home front, Fisher & Paykel Healthcare, Auckland Airport and Infratil make up the bulk of the New Zealand exposure, with listed property adding a small 2.3 percent slice.

Over the year to the data date, the fund returned 15.2 percent. Over three years, it delivered 19.2 percent annualised. The structure is straightforward: a concentrated bet on global equities with a meaningful tilt toward the mega-cap technology names that have driven recent market gains, wrapped in a low-cost passive framework. Risk indicator sits at 6, reflecting the all-equity stance and the volatility that comes with it.

General information only, not financial advice. Past performance is not a reliable indicator of future results.