Skip to main content

Global 100 (NZD Hedged)

Own your piece of 100 blue chip companies across major equity markets, hedged against currency fluctuations. The biggest household names, they provide global diversification and long-term capital growth.

12.98%

5 year p.a. index return as at 30 November 2023

1.79%

Indicative dividend yield as at 30 November 2023

0.25%

Management fee p.a.

Overview

How is this fund different to others?

Hedged to the NZ dollar, meaning currency fluctuations are minimised, this fund provides exposure to blue-chip companies, being those which are large, stable and profitable. This includes household names such as Apple, Nike, Amazon, Nestle and Microsoft. With global diversification across all sectors, this fund provides reliable long-term capital growth. All blue-chip companies in this fund have global exposure, meaning they generate a significant amount of their revenues and hold a large amount of their assets abroad. The global presence, combined with their large nature and competitive positioning, means these companies will be more resilient to the business cycle and domestic shocks. This fund tracks the S&P Global 100 Ex-Controversial Weapons Index with key criteria for selection being market capitalisation. The index includes transnational companies that have a minimum float-adjusted market cap of USD 5 billion. The hedging of currency means an investor receives the changes of value of underlying companies while minimising the changing strength of the New Zealand dollar, or gaining or losing when converting back to New Zealand.

Holdings

As at November 30, 2023

CompanyCountryIndustryWeight

Microsoft

US

Information Technology

12.74%

Apple Inc

US

Information Technology

12.64%

Amazon.com Inc

US

Consumer Discretionary

6.00%

Nvidia Ord

US

Information Technology

5.23%

Alphabet Inc Class A

US

Communication Services

3.56%

Alphabet Inc Class C

US

Communication Services

3.06%

Logos provided by Clearbit

Performance

  • Range of returns

    -17.43%

    VS

    67.54%

    The lowest and highest 12 month returns, in 5 years to the end of November 2023*

  • Growth of $10k

    $18,412

    For the 5 years to 30 November 2023, an investment of $10,000 would be up 84.12%*

  • Investment Objective

    Growth & Diversification

    The fund is designed to provide long-term capital growth and diversification.

*These are the gross index returns, not including fees or taxes.

Returns

As at November 30, 2023

  • 1.85%

    3 months

  • 17.23%

    1 year

  • 12.98%

    5 years

  • N/A

    10 years

Index returns are total returns gross of imputation credits where applicable, not including fees or taxes. All yearly returns are annualised.

Risk

The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance.

Potentially Lower Returns

Potentially Higher Returns

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7

Lower Risk

Higher Risk

Documents & Resources

Latest Fund Factsheet

Updated: 30.11.2023

Kernel Funds Latest Fund Update

Updated: 30.09.2023

Kernel KiwiSaver Plan Fund Update

Updated: 30.09.2023

Funds you may be interested in...

Start investing for a better tomorrow, today.

If you’d like to talk to a human, call us on 0800 537 635 during 9 am - 5 pm weekdays.

Keep up to date with Kernel

For market updates and the latest news from Kernel, subscribe to our newsletter. Guaranteed goodness, straight to your inbox.


© Copyright 2023 Kernel Wealth Limited

|

Indices provided by: S&P Dow Jones Indices