Kernel Wealth Limited
Kernel US Bond Fund
Kernel KiwiSaver PlanDefensive
What the provider says about this fund
The Kernel US Bond Fund�s investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the Bloomberg US Aggregate Bond Index Hedged NZD
1-year return
0.98%
5-year return p.a.
1.42%
Total annual fee
0.30%
Fund size ($m)
0.4
Members
44
Inception date
29 July 2024
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 100.49% | 100.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 0.00% | 0.00% | 28.46% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | IShares Core US Aggregate Bond ETF | Shares | International Equities | US | 100.49% |
| 2 | New Zealand Dollar | Cash | Cash and Cash Equivalents | NZ | 4.86% |
| 3 | US Dollar | Cash | Cash and Cash Equivalents | US | 0.00% |
Fees
0.30% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.30% | $90 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.30% | $90 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2026 | 0.98% | 2.09% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Dean Anderson | Chief Executive | 7 years, 6 months |
| Helen Skinner | Head of Distribution and Sustainability Strategy | 1 year |
| Kerry Mcintosh | Chairman | 6 years, 9 months |
| Matthew Winton | Portfolio Manager | 3 years, 10 months |
| Stephen Upton | Chief Operating Officer | 6 years, 9 months |