Latest Fund Factsheet
Updated: 31.10.2024
US Bond
Invest in the world’s biggest bond market, hedged to the New Zealand dollar.
3 Years
Minimum suggested investment time frame
4.50%
Yield as at 31 October 2024 (subject to change).
0.30%
Management fee p.a.
Overview
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.
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 | |
|---|---|---|---|
BC Blackrock Cash Funds: Institutional | N/A | 3.33% | |
UT US Treasury Note | N/A | 0.52% | |
UT US Treasury Note | N/A | 0.50% | |
UT US Treasury Note | N/A | 0.50% | |
UT US Treasury Note | N/A | 0.49% | |
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 Rated (2.6%)
AA Rated (72.4%)
BBB Rated (12.8%)
Not Rated (0.0%)
Cash and/or Derivatives (0.2%)
Issuer composition
This shows the allocation of the portfolio by type of issuer:
Treasury (44.3%)
MBS Pass-Through (25.1%)
Industrial (14.9%)
Financial Institutions (8.3%)
Utility (2.4%)
CMBS (1.4%)
Sovereign (1.0%)
Supranational (0.8%)
Local Authority (0.6%)
Agency (0.6%)
Cash and/or Derivatives (0.5%)
ABS (0.2%)
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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