{
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  "canonicalUrl": "https://managedfunds.nz/funds/kernel/conservative/",
  "fetchedAt": "2026-05-22T05:19:08.588Z",
  "fund": {
    "slug": "conservative",
    "name": "Kernel Conservative Fund",
    "managerSlug": "kernel",
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    "isEtf": null,
    "ticker": null,
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    "isThematic": null,
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    "dataStatus": "pending-ingestion"
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    "website": "https://kernelwealth.co.nz",
    "hq": "Auckland"
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  "category": {
    "slug": "diversified",
    "name": "Diversified Funds",
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  "metrics": {
    "status": "ok",
    "matchScore": 3.3333333333333335,
    "sortedFundName": "KERNEL CONSERVATIVE FUND",
    "sortedManager": "KERNEL WEALTH LIMITED kernelwealth.co.nz",
    "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12697/OFR12698/FND58858/",
    "fetchedAt": "2026-05-22T03:02:56.558Z",
    "source_doc": "sorted/SCH12697/OFR12698/FND58858",
    "source_doc_date": "2026-05-22",
    "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12697/OFR12698/FND58858/",
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    "fundSizeNzd": 13969442,
    "pdsUrl": "/disclose-document/mdo42ca30bf6eb86ed72d0b97330b902616/Kernel-Funds-PDS-Equities-August-2025.pdf",
    "strategySummary": "“\n                            The Kernel Conservative Fund's investment objective is to provide a return (before tax, fees and expenses) that closely matches the return of the index of the reference portfolio. Investment strategy. Designed as a 30% growth / 70% income option by investing mainly in several of the other Kernel funds\n                            ”",
    "topHoldings": [
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        "type": "International Fixed Interest",
        "country": "US",
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      {
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        "assetClass": "Bonds",
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      {
        "asset": "NZGS 5.00% 15/05/2054",
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        "weightPct": 3.29
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      {
        "asset": "NZGS 4.50% 15/05/2030",
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        "type": "New Zealand Fixed Interest",
        "country": "NZ",
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      {
        "asset": "NZGS 4.25% 15/05/2036",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
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        "asset": "Bank of China Deposit",
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        "type": "Cash and Cash Equivalents",
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        "asset": "NZGS 3.00% 20/09/2030",
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      {
        "asset": "NZ LGFA 4.50% 14/05/2032",
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        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 2.24
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      {
        "asset": "Dunedin City Treasury 5.55% 15/11/2028",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 2.18
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      {
        "asset": "Wellington Intl Airport 3.32% 24/09/2031",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
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        "weightPct": 1.55
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    "fundStartDate": "13 August 2025",
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    "documents": [
      {
        "label": "KERNEL CONSERVATIVE FUND (FND58858) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.45 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/full-portfolio/FND58858/KERNEL-CONSERVATIVE-FUND-FND58858-Full-portfolio-holdings-31-March-2026.xlsx"
      },
      {
        "label": "Kernel Funds PDS Equities August 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 351.82 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo42ca30bf6eb86ed72d0b97330b902616/Kernel-Funds-PDS-Equities-August-2025.pdf"
      },
      {
        "label": "Conservative FU Fund Update Mar 2026.pdf The quarterly update published by the provider PDF, 600.53 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/3f8fc9773652a40e/Conservative-FU---Fund-Update---Mar-2026.pdf"
      },
      {
        "label": "Kernel Funds PDS Diversified August 2025.pdf Additional product disclosure statement from the provider PDF, 335.37 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo25d83fed62457583b5b5388a78cb210a/Kernel-Funds-PDS-Diversified-August-2025.pdf"
      },
      {
        "label": "Kernel Funds OMI August 2025.pdf Other material information of relevance to investors PDF, 246.01 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdoad06ff43d92fe322bc99e0e90fb8bf83/Kernel-Funds-OMI-August-2025.pdf"
      },
      {
        "label": "Kernel Funds SIPO September 2025.pdf Statement of investment policy and objectives PDF, 518.86 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo52b3518e754cc80918af24916a4038be/Kernel-Funds-SIPO-September-2025.pdf"
      }
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  "sources": {
    "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Kernel%20Conservative%20Fund",
    "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH12697/OFR12698/FND58858/",
    "productDisclosureStatement": "/disclose-document/mdo42ca30bf6eb86ed72d0b97330b902616/Kernel-Funds-PDS-Equities-August-2025.pdf"
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    "contact": "hello@managedfunds.nz"
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}