Last Fund Factsheet
Updated: 30.06.2024
March 2027 NZ Bond
An accessible alternative to investing in individual bonds or income-generating assets maturing in March 2027.
2 Years
Minimum suggested investment time frame
5.21%
Yield as at 30 June 2024 (subject to change).
0.50%
Management fee p.a.
Overview
The Kernel March 2027 NZ Bond Fund may be suitable for investors who want to invest in the New Zealand bond market with a set maturity date. The fund invests in fixed-interest assets such as bonds, deposits and more, as selected by our Portfolio Manager.
The fund aims to generate a duration & risk profile close to a hypothetical A- credit rated bond maturing in March 2027.
Currently unavailable in the Kernel Kiwisaver Plan.
Where is my money?
Take comfort in knowing the top asset types and issuers your money is with.
top 5 fund holdings
Fund holdings as at 30 June 2024
| Holding | Credit rating | Weighting | |
|---|---|---|---|
SB SBS Bond | BBB+ | 43.22% | |
TF Toyota Finance NZ Bond | A+ | 16.73% | |
Bo Bank of China Deposit | A | 15.81% | |
BB BNZ Bond | AA- | 13.56% | |
WI Wellington Intl Airport Bond | BBB | 12.81% | |
The credit rating is that of the instrument, unless a bank deposit where the rating of the bank is used.
Credit rating
Allocation of the fund by issuer credit rating (S&P or equivalent):
AAA to AA- (7.1%)
A+ to A- (32.6%)
BBB+ to BBB- (60.3%)
Unrated & Other (0.0%)
Issuer composition
This shows the allocation of the portfolio by type of issuer:
Corporates (33.9%)
Banks (65.8%)
Government (0.2%)
Other (0.0%)
Credit rating and issuer composition as at 30 June 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.
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Lower risk
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Benefits
There's plenty to love about investing in bond funds.
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