Kernel US Bond Fund
Kernel US Bond Fund is a defensive KiwiSaver fund managed by Kernel. It has 44 members and holds $388,340. It opened in 2024.
Fees and returns
- Annual fee
- 0.30% of your balance each year
- Return over 1 year
- +1.0% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International fixed interest 100%.
Largest holdings
- iShares Core US Aggregate Bond ETF 100.49%
- Unsettled Trades 4.43%
- US Dollar 0.24%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +1.0% |
About this fund
The Kernel US Bond Fund is a passively managed defensive fund giving exposure to the US investment-grade bond market through an underlying iShares ETF, tracking the Bloomberg US Aggregate Bond Index with currency hedged to the New Zealand dollar. The exposure is US bonds rather than New Zealand cash or local fixed interest, and its value moves with interest rates. It carries an annual fund charge of 0.3%.