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High Growth

A diversified fund made up of over 98% growth assets.

5-10 Years

Minimum suggested investment time frame

12.73%

5 year p.a index return as at 30 June 2024

2.52%

Indicative dividend yield as at 30 June 2024

0.25%

Management fee p.a.


Overview

The High Growth Fund is made up of over 98% growth assets, such as shares and listed property. Globally diversified, the fund is designed to help Kiwis build long-term wealth while lessening volatility through geographical and sector diversification.

This fund is suitable for an investor with an investment time horizon of at least 5 years.

Where is my money?

Take comfort in knowing which companies and locations your money is invested in.

holdings

Fund holdings as at 30 June 2024

CompanyCountryIndustryWeighting

Microsoft

US

Information Technology

5.08%

Nvidia Ord

US

Information Technology

4.74%

Apple Inc

US

Information Technology

4.74%

Fisher & Paykel Healthcare Corp Ltd

NZ

Health Care

3.52%

Amazon.com Inc

US

Consumer Discretionary

2.87%

Infratil Limited

NZ

Industrials

2.53%

Logos provided by Clearbit

Country weightings

This graph shows the fund allocation according to the countries.

United States (49.8%)

New Zealand (31.1%)

Japan (3.2%)

Great Britain (3.1%)

France (2.1%)

Switzerland (1.8%)

Canada (1.8%)

Other (6.9%)

Sector composition

This graph shows the fund allocation according to the type of industry.

Information Technology (21.6%)

Health Care (13.5%)

Industrials (13.3%)

Real Estate (8.5%)

Financials (8.3%)

Communication Services (8.1%)

Utilities (7.5%)

Other (17.0%)

Country and Sector composition as at 30 June 2024.

Returns

As at 30 June 2024

1.93%

3 months

15.59%

1 year

N/A

3 years

N/A

5 years

11.16%

Since inception

Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). See our full performance disclaimer for more details.

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.

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Lower risk

Higher risk

Performance

Range of Returns

-9.55%
vs
41.34%

The lowest and highest 12 month returns, in 5 years as at 30 June 2024*

Growth of 10K

$18,202.34

For the 5 years as at 30 June 2024, an investment of $10,000 would be up 82.02%*

Investment Objective

Growth & Diversification

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

Documents

Latest Fund FactSheet

Updated: 30.06.2024

Kernel Funds Latest Fund Update

Updated: 31.03.2024

Kernel KiwiSaver Plan Fund Update

Updated: 31.03.2024

See the historical fund updates here.

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Indices provided by: S&P Dow Jones Indices