When you deposit with Kernel or invest in Kernel Funds, your money is held on trust by our custodian, Adminis Custodial Nominees Limited (or ACNL for short). ACNL are required by trust deed and contract to hold this money separate from their own, and likewise we are required to keep separate from any assets and liabilities of Kernel Wealth Limited as the manager.
What does this mean for you?
If we go under, your assets are protected by the Custodian. You can read more about this here.