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March 2027 NZ Bond

An accessible alternative to investing in individual bonds or income-generating assets maturing in March 2027.

5.15%*

Yield to maturity at 31 March 2024 (subject to change).

0.50%

Management fee p.a.

*Before tax, after fees

Currently unavailable in the Kernel KiwiSaver Plan.

Overview

How is this fund different to others?

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.

Holdings

As at February 29, 2024

CompanyCountryIndustryWeight

Coming Soon

-

0.00%

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Performance

  • Range of returns

    -4.05%

    VS

    5.83%

    The lowest and highest 12 month returns, in 5 years to the end of March 2024*

  • Growth of $10k

    $10,713.28

    For the 5 years to 31/03/2024, an investment of $10,000 would be up 7.13%*

  • Investment Objective

    Diversification & Income Generation

    The fund is designed to provide diversification and income generation.

*These are the gross benchmark returns, not including fees or taxes.

Returns

As at March 31, 2024

  • 0.99%

    3 months

  • 5.07%

    1 year

  • 1.39%

    5 years

  • N/A

    10 years

Benchmark returns are total returns gross of imputation credits where applicable, not including fees or taxes. All yearly returns are annualised.

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.

Potentially Lower Returns

Potentially Higher Returns

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Lower Risk

Higher Risk

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© Copyright 2024 Kernel Wealth Limited

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Indices provided by: S&P Dow Jones Indices