Made up of short-term assets such as bonds, term deposits and more.
Yield to maturity at 31 October 2023 (subject to change).
Management fee p.a.
The Kernel Cash Plus Fund can be used as an alternative to term deposits or flexible savings accounts. The fund’s underlying assets, as selected by our Portfolio Manager, include cash and cash equivalents (e.g. bonds, term deposits and more), meaning you can take comfort in knowing your savings are well diversified.
The fund may be suitable for those looking for a higher return than your average online savings account, whilst ensuring it remains easy to withdraw when needed. The investments in the fund will typically be stable in value but may have short periods of negative performance.
See how the Kernel Cash Plus Fund compares to other available cash PIE funds and traditional savings accounts. You can read more about the differences in savings products in our blog.
It is important to understand that the Kernel Cash Plus Fund and traditional saving accounts are different types of products and will be impacted differently by factors such as interest rates, credit quality and market conditions. More information about the Kernel Cash Plus Fund and its risks can be found in our disclosure documents.
|Savings product||Estimated yield|
Kernel Cash Plus Fund
Average Cash PIE Fund
Average On-call Savings Interest Rate
Savings aren't always exciting, but there’s a lot to love about the Kernel Cash Plus Fund.
Easy access to your funds within a couple of days if you need it. No fees or penalties.
Tax capped at 28%
Whilst this fund’s potential returns aren’t fixed, they’ll typically remain stable with minor fluctuations over the short-term.
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.
Take comfort in knowing in which asset types, locations and issuers your money is invested in.
Top 10 Fund Holdings
The top 10 holdings make up approximately 68.00%* of the Kernel Cash Plus Fund.
Bank of China Call Account
Rabobank 16/03/26 FRN
Vector 4.996% 14/03/2024
Southland Commercial Paper 6.28% 11 Jan 2024
Southland Commercial Paper 6.58% 05 Apr 2024
*Fund holdings as at 31 October 2023. The credit rating is that of the instrument, unless a bank deposit where the rating of the bank is used.
This graph shows the fund allocation according to the asset type.
NZ Floating Rates Notes
NZ Commercial Paper
Accruals & Other
This graph shows the fund allocation according to the type of issuer.
Issuer and Portfolio composition as at 31 October 2023.
We understand that safety and stability are paramount when considering short-term savings products. You can read more about how safe your money is with Kernel here.
Licensed by the FMA
As a licensed fund manager, Kernel is subject to on-going regulation by the Financial Markets Authority.
Independent supervisor & custodian
Kernel’s funds are supervised by Trustees Executors Limited. All assets are held by an independent custodian.
Lower risk assets
This fund’s underlying assets include low-risk financial products such as cash and cash equivalents (e.g. bonds, term deposits and more).
Spread your savings across multiple issuers and assets within the fund, rather than relying solely on one provider (a bank) to keep your money secure.
Like the look of the Kernel Cash Plus Fund? Getting started is easy.
1. Create a Kernel account
Start by signing up to Kernel in 5 minutes. It’s paperless, hassle-free and doesn’t cost a cent.
2. Deposit, then start savings
Once your account is set up, deposit your savings then allocate the money to the Cash Plus Fund.
3. We take care of the rest
Leave it with us. We’ll sort your expected return payments, tax, distributions and more.
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