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US Bond

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

5.10%

Indicative US yield as at 31 May 2024

0.30%

Management fee p.a.

Currently unavailable in the Kernel KiwiSaver Plan.

Overview

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.

Holdings

As at 31 May 2024

CompanyCountryIndustryWeight

iShares Core US Aggregate Bond ETF

US

99.56%

Currency Hedging

-

0.44%

Cash & Cash Equivalents

-

0.00%

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Performance

  • Range of returns

    -17.16%

    VS

    13.01%

    The lowest and highest 12 month returns, in 5 years as at 31 May 2024*

  • Growth of $10k

    $9,703.84

    For the 5 years as at 31 May 2024, an investment of $10,000 would be up -2.96%*

  • 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.

Returns

As at 31 May 2024

  • -0.03%

    3 months

  • 0.79%

    1 year

  • -0.60%

    5 years

  • 1.83%

    10 years

Index 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

Documents & Resources

Latest Fund Factsheet

Updated: 31.05.2024

Kernel Funds Latest Fund Update

Updated: 31.03.2024

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© Copyright 2024 Kernel Wealth Limited

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Indices provided by: S&P Dow Jones Indices