Overview

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.

Holdings

As at March 31, 2024

Company	Country	Industry	Weight
KN Kernel NZ Bond Fund	-		15.43%
KU Kernel US Bond Fund	-		10.95%
iC iShares Core US Aggregate Bond ETF	US		3.88%
KC Kernel Cash Plus Fund	-		3.83%
Microsoft Corp	US	Information Technology	3.18%
NC Nvidia Corp	US	Information Technology	2.45%
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Performance

• Range of returns

  -11.21%

  VS

  29.72%

  The lowest and highest 12 month returns, in 5 years as at 31 March 2024*

• Growth of $10k

  $14,573.72

  For the 5 years as at 31 March 2024, an investment of $10,000 would be up 45.74%*

• 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.

Returns

As at March 31, 2024

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.