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Global Infrastructure (NZD Hedged)

A globally diversified investment in mostly infrastructure lines of business, e.g. utilities, storage and telecommunications, providing relatively stable cash flow, inflation hedging and also hedged against currency fluctuations. Not currently available in the Kernel KiwiSaver Plan.


5 year p.a. index return as at 31 October 2023


Indicative dividend yield as at 31 October 2023


Management fee p.a.


How is this fund different to others?

Infrastructure is the backbone of modern societies, benefiting from guaranteed government contracts and limited competition. It follows that companies involved in this space have stable cash flows and are hedged against inflation. Through this fund you can invest in global companies which derive at least 70% of their cash flows from infrastructure lines of business, which adds an element of reliability to a portfolio. Closely tied to economic growth, exposure to infrastructure can benefit investors long-term. This fund tracks the Dow Jones Brookfield Global Infrastructure Index and covers all sectors of the infrastructure market.


As at October 31, 2023


American Tower Corp A


Telecom Tower REITs


Enbridge Inc


Oil & Gas Storage & Transportation


Vinci Ord


Construction?& Engineering


National Grid PLC Ord




Sempra Energy




TC Energy Corporation


Oil & Gas Storage & Transportation


Logos provided by Clearbit


  • Range of returns




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

  • Growth of $10k


    For the 5 years to 31 October 2023, an investment of $10,000 would be up 25.78%*

  • Investment Objective

    Diversification & Income Generation

    The fund is designed to provide global diversification and income generation.

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


As at October 31, 2023

  • -7.37%

    3 months

  • -3.22%

    1 year

  • 4.69%

    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.


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

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Lower Risk

Higher Risk

Documents & Resources

Latest Fund Factsheet

Updated: 31.10.2023

Kernel Funds Latest Fund Update

Updated: 30.09.2023

Kernel KiwiSaver Plan Fund Update

Updated: 30.09.2023

Kernel Research Paper - Global Listed Infrastructure


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Indices provided by: S&P Dow Jones Indices