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Kernel US Bond Fund

Invest in the world’s biggest bond market, hedged to the New Zealand dollar.


5 year p.a. index return as at 31 January 2024


Yield to maturity at 31 December 2023 (subject to change)


Management fee p.a.

Note: The Kernel US Bond Fund is currently not available in the Kernel KiwiSaver Plan.


How is this fund different to others?

The Kernel US Bond Fund provides exposure to the US bond market and is hedged against currency fluctuations. The fund aims to provide a similar return as an index made up of the total U.S. investment-grade bond market including government and corporate bonds. The fund tracks the Bloomberg US Aggregate Total Return Index Hedged NZD.


As at January 31, 2024


iShares Core US Aggregate Bond ETF



Currency Hedging



Cash & Cash Equivalents




Logos provided by Clearbit


  • Range of returns




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

  • Growth of $10k


    For the 5 years to 31 January 2024, an investment of $10,000 would be up 1.90%*

  • Investment Objective

    Diversification & Income Generation

    The fund is designed to provide global diversification and income generation.

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


As at January 31, 2024

  • 7.84%

    3 months

  • 1.45%

    1 year

  • 0.38%

    5 years

  • 2.32%

    10 years

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


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

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Documents & Resources

Latest Fund Factsheet

Updated: 31.01.2024

Kernel Funds Latest Fund Update

Updated: 31.12.2023

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© Copyright 2024 Kernel Wealth Limited


Indices provided by: S&P Dow Jones Indices