Potentially Lower Returns
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An accessible alternative to investing in individual bonds or income-generating assets maturing in March 2029.
Yield to maturity as at 31 March 2024 (subject to change).
Management fee p.a.
*Before tax, after fees
Currently unavailable in the Kernel KiwiSaver Plan.
Overview
The Kernel March 2029 NZ Bond Fund may be suitable for investors who want to invest in the New Zealand bond market with a set maturity date. The fund invests in fixed-interest assets such as bonds, deposits and more, as selected by our Portfolio Manager. The fund aims to generate a duration & risk profile close to a hypothetical A- credit rated bond maturing in March 2029.
As at February 29, 2024
Company | Country | Industry | Weight |
---|---|---|---|
CS Coming Soon | - | 0.00% | |
Range of returns
VS
The lowest and highest 12 month returns, in 5 years to the end of March 2024*
Growth of $10k
For the 5 years to 31/03/2024, an investment of $10,000 would be up 7.13%*
Investment Objective
The fund is designed to provide diversification and income generation.
*These are the gross benchmark returns, not including fees or taxes.
As at March 31, 2024
3 months
1 year
5 years
10 years
Benchmark 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
Potentially Higher Returns
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Indices provided by: S&P Dow Jones Indices