Latest Fund Factsheet
Updated: 30.09.2024
Invest in the world’s biggest bond market, hedged to the New Zealand dollar.
3 Years
Minimum suggested investment time frame
3.94%
Yield as at 30 September 2024 (subject to change).
0.30%
Management fee p.a.
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.
Take comfort in knowing the top asset types and issuers your money is with.
Fund holdings as at 30 September 2024
Holding | Credit rating | Weighting | |
---|---|---|---|
BC Blackrock Cash Funds: Institutional | N/A | 3.53% | |
UT US Treasury Note | N/A | 0.52% | |
UT US Treasury Note | N/A | 0.52% | |
UT US Treasury Note | N/A | 0.51% | |
UT US Treasury Note | N/A | 0.51% | |
The credit rating is that of the instrument, unless a bank deposit where the rating of the bank is used.
Allocation of the fund by issuer credit rating (S&P or equivalent):
AAA to AA- (74.8%)
A+ to A- (11.9%)
BBB+ to BBB- (12.8%)
Unrated & Other (0.5%)
This shows the allocation of the portfolio by type of issuer:
Treasury (44.0%)
MBS Pass-Through (25.2%)
Industrial (15.0%)
Financial Institutions (8.1%)
Utility (2.4%)
CMBS (1.4%)
Sovereign (1.0%)
Supranational (0.7%)
Local Authority (0.6%)
Agency (0.6%)
Cash and/or Derivatives (0.5%)
ABS (0.5%)
Credit rating and issuer composition as at 30 September 2024.
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.
1
2
3
4
5
6
7
Lower risk
Higher risk
There's plenty to love about investing in bond funds.
Interested in bond investments? Discover the risks and benefits to help you decide if you should...
Tim Rodriguez
18 January 2024
Whether you're new to investing or a seasoned pro, now you can build a portfolio of low-cost,...
Stephen Upton
22 September 2023
With everyone's needs and goals being unique, how should you approach building your index fund...
Dean Anderson
7 September 2023
Open a Kernel account in minutes. Start investing in days.
Get startedFor market updates and the latest news from Kernel, subscribe to our newsletter. Guaranteed goodness, straight to your inbox.
Indices provided by: S&P Dow Jones Indices