Latest Fund Factsheet
Updated: 31.10.2024
NZ Bond
Invests primarily in New Zealand issued bonds, deposits and more.
2 Years
Minimum suggested investment time frame
4.67%
Yield as at 31 October 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.
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 31 October 2024
| Holding | Credit rating | Weighting | |
|---|---|---|---|
NB NZGS Bond | AAA | 10.90% | |
WI Wellington Intl Airport Bond | BBB | 8.89% | |
NB NZGS Bond | AAA | 7.73% | |
NB NZGS Bond | AAA | 7.26% | |
IB Infratil Bond | Unrated | 6.86% | |
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- (49.3%)
A+ to A- (10.2%)
BBB+ to BBB- (28.5%)
Unrated & Other (12.1%)
Issuer composition
This shows the allocation of the portfolio by type of issuer:
Corporates (34.7%)
Banks (18.7%)
Government (46.5%)
Other (0.0%)
Credit rating and issuer composition as at 31 October 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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