Last Fund Factsheet
Updated: 30.06.2024
NZ Bond
Invests primarily in New Zealand issued bonds, deposits and more.
2 Years
Minimum suggested investment time frame
5.56%
Yield as at 30 June 2024 (subject to change).
0.40%
Management fee p.a.
Overview
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.
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 | |
|---|---|---|---|
NL NZ LGFA Bond | AAA | 9.44% | |
TF Toyota Finance NZ Bond | A+ | 8.88% | |
CB Chorus Bond | BBB | 7.28% | |
NB NZGS Bond | AAA | 6.70% | |
UE UDC Endeavour Auto ABS | AAA | 6.41% | |
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- (30.4%)
A+ to A- (16.6%)
BBB+ to BBB- (37.7%)
Unrated & Other (15.3%)
Issuer composition
This shows the allocation of the portfolio by type of issuer:
Corporates (61.2%)
Banks (8.7%)
Government (30.1%)
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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