Latest Fund Factsheet
Updated: 30.11.2024
Balanced
A diversified allocation of 60% shares and 40% cash and bonds.
3-7 Years
Minimum suggested investment time frame
7.61%
5 year p.a index return as at 30 November 2024
2.98%
Indicative dividend yield as at 30 November 2024
0.25%
Management fee p.a.
Overview
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.
Where is my money?
Take comfort in knowing which companies and locations your money is invested in.
holdings
Fund holdings as at 30 November 2024
| Company | Country | Industry | Weighting |
|---|---|---|---|
iC iShares Core US Aggregate Bond ETF | US | 12.75% | |
Apple Inc | US | Information Technology | 3.16% |
NO Nvidia Ord | US | Information Technology | 3.13% |
Bo Bank of China Deposit | NZ | 2.92% | |
Microsoft | US | Information Technology | 2.82% |
N4 NZGS 4.50% 15/05/2030 | NZ | 2.71% | |
Country weightings
This graph shows the fund allocation according to the countries.
New Zealand (46.0%)
United States (44.0%)
Japan (1.8%)
Great Britain (1.7%)
France (1.1%)
Canada (1.1%)
Switzerland (1.0%)
Other (3.5%)
Country and Sector composition as at 30 November 2024.
Returns
As at 30 November 2024
3.99%
3 months
19.61%
1 year
N/A
3 years
N/A
5 years
14.62%
Since inception
Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). 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
-11.21% vs 29.72%
The lowest and highest 12 month returns, in 5 years as at 30 November 2024*
Growth of 10K
$14,432.73
For the 5 years as at 30 November 2024, an investment of $10,000 would be up 44.33%*
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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