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S&P 500

Own your piece of 500 US companies listed on the New York or Nasdaq stock exchanges. The S&P 500 is considered a proxy for the U.S. stock market, and this Fund is designed for growth, well-diversified and hedged against currency fluctuations.


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


Indicative dividend yield as at 30 April 2024


Management fee p.a.


How is this fund different to others?

This fund provides exposure to the largest household names in the US, with the likes of Amazon, Apple, Walmart included in the fund. Created in 1957, the S&P 500 represents ~50% of the US stock market by value. Companies must be profitable, each have a valuation of at least USD $13 Billion and be listed on Nasdaq or New York stock exchanges to be included in the index. In other words, these are large and stable companies. Unlike other US based or unhedged versions, Kernel’s S&P 500 Fund is hedged to the NZ dollar. This means an investor can expect a return closer to that published in media, without gaining or losing when converting back to New Zealand. This fund tracks the S&P 500 Dynamic Hedged Index and provides diversification as well as long-term capital growth.


As at April 30, 2024


Vanguard S&P 500 ETF


Equity holdings


Currency Hedging



Cash & Cash Equivalents




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  • Range of returns




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

  • Growth of $10k


    For the 5 years as at 30 April 2024, an investment of $10,000 would be up 72.74%*

  • 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.


As at April 30, 2024

  • 4.33%

    3 months

  • 21.96%

    1 year

  • 11.55%

    5 years

  • 12.27%

    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: 30.04.2024

Kernel Funds Latest Fund Update

Updated: 31.03.2024

Kernel KiwiSaver Plan Fund Update

Updated: 31.03.2024

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© Copyright 2024 Kernel Wealth Limited


Indices provided by: S&P Dow Jones Indices