Kernel NZ Bond Fund
Kernel NZ Bond Fund is a defensive KiwiSaver fund managed by Kernel. It has 58 members and holds $640,691. It opened in 2024.
Fees and returns
- Annual fee
- 0.40% of your balance each year
- Return over 1 year
- +3.5% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
New zealand fixed interest 93%, cash and cash equivalents 7%.
Largest holdings
- Nzgs 4.25% 15/05/2034 17.23%
- Nzgs 5.00% 15/05/2054 7.25%
- Nzgs 4.50% 15/05/2030 6.39%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +3.5% |
About this fund
The Kernel NZ Bond Fund is a passively managed defensive fund that tracks the Bloomberg NZ Bond Composite 0+ Yr Index, investing mainly in New Zealand fixed interest — government stock, bonds and deposits. As a bond fund its value moves with interest rates, so it is not cash-stable. It carries an annual fund charge of 0.4%.