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NZ Bond

Invests primarily in New Zealand issued bonds, deposits and more.

5.56%*

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

0.40%

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 NZ Bond Fund primarily provides exposure to the New Zealand bond market. The fund invests in fixed-interest assets, as selected by our Portfolio Manager, such as bonds, deposits and more. The fund aims to match or exceed the return of the Bloomberg NZ Bond Composite 0+ Yr Index.

Holdings

As at February 29, 2024

CompanyCountryIndustryWeight

Coming Soon

-

0.00%

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Performance

  • Range of returns

    -11.42%

    VS

    9.12%

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

  • Growth of $10k

    $9,986.48

    For the 5 years to 31/03/2024, an investment of $10,000 would be up -0.14%

  • 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

  • 0.25%

    3 months

  • 3.95%

    1 year

  • -0.03%

    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