Kernel March 2029 NZ Bond Fund
Managed by Kernel Kernel March 2029 NZ Bond Fund is a nz fixed interest managed fund operated by Kernel; PIE-structured.
PIE tax treatment — capped at your PIR (max 28%)
This fund is a Portfolio Investment Entity (PIE) under Subpart HM of the Income Tax Act 2007. Income is taxed at your Prescribed Investor Rate (10.5% / 17.5% / 28%), not your marginal income-tax rate. The fund manager calculates and pays the tax on your behalf — when your PIR is correct, you usually don't need to declare PIE income in your annual tax return. See our PIR guide and PIE tax basics for the full picture, or use the PIR calculator to confirm your rate.
Fee, return and holding data is loading
We're still confirming the issuer details for this fund. The most current and authoritative numbers live on FMA Disclose:
View this fund on FMA DiscloseAbout this category
Funds investing in New Zealand-issued government and corporate bonds. Generally lower-risk than equity funds; income-focused.
About Kernel
NZ index-investing specialist with a broad retail range covering NZ, Australian, US and global equity, infrastructure, ESG, fixed interest and cash strategies.
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Same manager
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Frequently asked questions
Mechanical Q&A grounded in the fund's PDS, SIPO, and latest QFU on the FMA Disclose register. Verify against the source before relying on any of this.
Who manages the Kernel March 2029 NZ Bond Fund?
Kernel March 2029 NZ Bond Fund is managed by Kernel. NZ index-investing specialist with a broad retail range covering NZ, Australian, US and global equity, infrastructure, ESG, fixed interest and cash strategies.
What asset class is the Kernel March 2029 NZ Bond Fund?
It is a nz fixed interest managed fund. The fund has a conservative risk profile. Funds investing in New Zealand-issued government and corporate bonds. Generally lower-risk than equity funds; income-focused.
What are the fees for the Kernel March 2029 NZ Bond Fund?
The current annual fund charge is published in the fund's latest Quarterly Fund Update on the FMA Disclose register: https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Kernel%20March%202029%20NZ%20Bond%20Fund. Always check the current Product Disclosure Statement (PDS) for any additional fees.
Is the Kernel March 2029 NZ Bond Fund a PIE fund?
Yes. The Kernel March 2029 NZ Bond Fund is structured as a New Zealand Portfolio Investment Entity (PIE). Investor tax on the fund's income is capped at the investor's Prescribed Investor Rate (PIR), which has a maximum of 28%. Most NZ-resident retail investors with a taxable income at or below NZ$48,000 qualify for a lower PIR.
How can I invest in the Kernel March 2029 NZ Bond Fund?
The Kernel March 2029 NZ Bond Fund is available via Kernel directly. Always read the current Product Disclosure Statement before investing.