{
  "schemaVersion": "1.0",
  "canonicalUrl": "https://managedfunds.nz/funds/kernel/nz-bond/",
  "fetchedAt": "2026-05-22T05:19:08.590Z",
  "fund": {
    "slug": "nz-bond",
    "name": "Kernel NZ Bond Fund",
    "managerSlug": "kernel",
    "category": "nz-fixed-interest",
    "riskProfile": "conservative",
    "isPie": true,
    "isEtf": null,
    "ticker": null,
    "isHedged": null,
    "isResponsibleInvestment": null,
    "isThematic": null,
    "isFifNotPie": null,
    "shortDescription": null,
    "availableVia": [
      "direct"
    ],
    "dataStatus": "pending-ingestion"
  },
  "manager": {
    "slug": "kernel",
    "name": "Kernel",
    "legalName": "Kernel Wealth Limited",
    "parent": null,
    "website": "https://kernelwealth.co.nz",
    "hq": "Auckland"
  },
  "category": {
    "slug": "nz-fixed-interest",
    "name": "New Zealand Fixed Interest",
    "shortName": "NZ Fixed Interest"
  },
  "metrics": {
    "status": "ok",
    "matchScore": 3.3333333333333335,
    "sortedFundName": "KERNEL NZ BOND FUND",
    "sortedManager": "KERNEL WEALTH LIMITED kernelwealth.co.nz",
    "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND49790/",
    "fetchedAt": "2026-05-22T03:03:13.294Z",
    "source_doc": "sorted/SCH13288/OFR13322/FND49790",
    "source_doc_date": "2026-05-22",
    "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND49790/",
    "source_tier": "C",
    "riskIndicator": 3,
    "annualFundChargePct": 0.4,
    "peerAvgFeePct": 0.57,
    "fiveYearReturnPct": null,
    "peerAvg5YearReturnPct": 1.42,
    "fiveYearReturnNote": "Less than 5 years of data",
    "growthAssetsPct": 0.31,
    "incomeAssetsPct": 99.69,
    "fundSizeNzd": 640690.6,
    "pdsUrl": "/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf",
    "strategySummary": "“\n                            The Kernel NZ Bond Fund aims to equal or exceed the return (before fees and taxes) of the Bloomberg NZ Bond Composite 0+ Yr Index by investing mostly in New Zealand fixed interest-bearing assets.\n                            ”",
    "topHoldings": [
      {
        "asset": "NZGS 4.25% 15/05/2034",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 17.51
      },
      {
        "asset": "NZGS 5.00% 15/05/2054",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 7.39
      },
      {
        "asset": "NZGS 4.50% 15/05/2030",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 6.49
      },
      {
        "asset": "NZGS 4.25% 15/05/2036",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 6.39
      },
      {
        "asset": "NZ LGFA 4.50% 14/05/2032",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 5.04
      },
      {
        "asset": "NZGS 3.00% 20/09/2030",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 4.89
      },
      {
        "asset": "Dunedin City Treasury 5.55% 15/11/2028",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 4.75
      },
      {
        "asset": "Wellington Intl Airport 3.32% 24/09/2031",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 3.47
      },
      {
        "asset": "Watercare Services Ltd 3.847% 30 Sep 2030",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 3.24
      },
      {
        "asset": "Kiwi Property Group 2.85% 19/07/2028",
        "assetClass": "Bonds",
        "type": "New Zealand Fixed Interest",
        "country": "NZ",
        "weightPct": 2.41
      }
    ],
    "fundStartDate": "29 July 2024",
    "minimumInvestmentNzd": 1,
    "documents": [
      {
        "label": "KERNEL NZ BOND FUND (FND49790) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.34 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/full-portfolio/FND49790/KERNEL-NZ-BOND-FUND-FND49790-Full-portfolio-holdings-31-March-2026.xlsx"
      },
      {
        "label": "Kernel Kiwi Saver PDS Equities August 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 399.30 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf"
      },
      {
        "label": "NZ Bond FU KS Kiwi Saver Update Mar 2026.pdf The quarterly update published by the provider PDF, 586.48 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/bf1217570ba78d6a/NZ-Bond-FU-KS----Kiwi-Saver-Update---Mar-2026.pdf"
      },
      {
        "label": "Kernel Kiwi Saver PDS Diversified August 2025.pdf Additional product disclosure statement from the provider PDF, 415.69 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo7aaac04bca7f1ba7872251173f52f4f7/Kernel-Kiwi-Saver-PDS-Diversified-August-2025.pdf"
      },
      {
        "label": "ESG Policy March 2023.pdf ESG Policy PDF, 1.92 MB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdofc9eb0568efc05d2e549e5b36624608b/ESG-Policy-March-2023.pdf"
      },
      {
        "label": "Kernel Kiwi Saver OMI August 2025.pdf Other Material Information PDF, 271.27 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo0e0ab3860b2143c3621b92dac666870c/Kernel-Kiwi-Saver-OMI-August-2025.pdf"
      },
      {
        "label": "Kernel Kiwi Saver SIPO September 2025.pdf Statement of investment policy and objectives PDF, 482.21 KB",
        "href": "https://smartinvestor.sorted.org.nz/disclose-document/mdo5a48354052d7caf0d9372a4e0728087d/Kernel-Kiwi-Saver-SIPO-September-2025.pdf"
      }
    ]
  },
  "sources": {
    "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Kernel%20NZ%20Bond%20Fund",
    "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH13288/OFR13322/FND49790/",
    "productDisclosureStatement": "/disclose-document/mdocba0ccca38cbf5cb6e138d2800243396/Kernel-Kiwi-Saver-PDS-Equities-August-2025.pdf"
  },
  "licence": {
    "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.",
    "contact": "hello@managedfunds.nz"
  }
}