Latest Fund FactSheet
Updated: 31.10.2024
S&P 500 (NZD Hedged)
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.
5-10 Years
Minimum suggested investment time frame
13.64%
5 year p.a index return as at 31 October 2024
1.32%
Indicative dividend yield as at 31 October 2024
0.25%
Management fee p.a.
Overview
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.
Where is my money?
Take comfort in knowing which companies and locations your money is invested in.
holdings
Fund holdings as at 31 October 2024
| Company | Country | Industry | Weighting |
|---|---|---|---|
Vanguard S&P 500 ETF | US | 106.56% | |
C& Cash & Cash Equivalents | - | 0.36% | |
CH Currency Hedging | - | -6.93% | |
Returns
As at 31 October 2024
3.38%
3 months
36.58%
1 year
N/A
3 years
N/A
5 years
10.15%
Since inception
Fund returns are after fees and at 0% PIR tax. 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
-21.75% vs 75.43%
The lowest and highest 12 month returns, in 5 years as at 31 October 2024*
Growth of 10K
$18,952.48
For the 5 years as at 31 October 2024, an investment of $10,000 would be up 89.52%*
Investment Objective
Growth & Diversification
The fund is designed to provide long-term capital growth and diversification.
*These are the gross benchmark returns, not including fees or taxes.
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