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Kernel Balanced Fund

A diversified allocation of 60% shares and 40% cash and bonds.


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


Management fee p.a.


How is this fund different to others?

The Kernel Balanced Fund primarily invests in growth assets with some allocation to income assets. The fund targets a 60% equities and 40% fixed interest asset allocation, investing mainly in several of the other Kernel funds. The fund is designed to fluctuate less than the High Growth Fund but also have lower long term returns due to the diversification across income assets that are generally more stable. This fund may be suitable for investors with a medium to high risk appetite, and has approximately 1/7 chance of a negative year.


As at October 31, 2023


iShares Core Global Aggregate Bond UCITS ETF



Chorus 4.35% 06/12/2028



Microsoft Corp


Information Technology


Apple Inc.


Information Technology


Kernel Cash Plus Fund



Auckland Intl Airport 6.22% 02/11/2029



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  • 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 34.37%*

  • 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 October 31, 2023

  • -4.69%

    3 months

  • 4.49%

    1 year

  • 6.09%

    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

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© Copyright 2023 Kernel Wealth Limited


Indices provided by: S&P Dow Jones Indices