Issues of concern

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

    • Johnson & Johnson 1.52%
    • Nestle SA-Reg 1.13%
    • Thermo Fisher Scientific Inc 0.89%
    • Caterpillar Inc 0.74%
    • Ubs Group AG-Reg 0.37%
    • Rio Tinto PLC 0.28%
    • Chevron Corp 1.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell PLC 0.86% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BHP Group Ltd 0.58% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • 3M Co 0.23%
    • Basf Se 0.20%
    • Bayer AG-Reg 0.12%
    • Exxon Mobil Corp 1.84% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Procter & Gamble Co/The 1.52%
    • Chevron Corp 1.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • LVMH Moet Hennessy Louis Vui 0.93%
    • Shell PLC 0.86% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Philip Morris Interna-Cdi 0.57%
    • Unilever PLC 0.50%
    • L'Oreal 0.44%
    • Colgate-Palmolive Co 0.30%
    • 3M Co 0.23%
    • Basf Se 0.20%
    • Kimberly-Clark Corp 0.17%
    • Dupont De Nemours Inc 0.13%
    • Bayer AG-Reg 0.12%
    • Walmart Inc 1.03%
    • Exxon Mobil Corp 1.84% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Chevron Corp 1.09% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Shell PLC 0.86% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Total SA 0.61%
    • BHP Group Ltd 0.58% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • BP PLC 0.42% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto PLC 0.28%
    • National Grid PLC 0.20% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • E.On Se 0.12%
    • Engie 0.12% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rwe AG 0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2024 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

About this fund

The Kernel S&P Global 100 Fund invests in globally listed multi-national, blue chip companies and is designed to track the S&P Global 100 ex Controversial Weapons Index (NZD

Value $23.5M NZD
Period of data report 30th June 2024
Members 806
Fund started 11th April 2022
Total annual fund fees 0.25%
Total performance based fees 0.0%
Manager's basic fee 0.25%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Dean Anderson

Currently: Chief Executive (5 years, 9 months)
Previously: Smartshares Product Manager, NZX (4 years, 4 months)

Stephen Upton

Currently: Chief Operating Officer (5 years, 0 months)
Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

Kerry Mcintosh

Currently: Director (5 years, 0 months)
Previously: Operating Partner, Zino Ventures (current) (6 years, 4 months)

Paul Hocking

Currently: Director (5 years, 0 months)
Previously: Director, Trustee Executors Limited (10 years, 9 months)

Rhea Prasad

Currently: Portfolio Manager (1 years, 7 months)
Previously: Investment Dealer, Pie Funds (1 years, 3 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2024 14.19% 33.79%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.

Top 10 Investments

  • Microsoft
    United States International Equities
    12.27%
  • Nvidia Ord
    United States International Equities
    11.23%
  • Apple Inc
    United States International Equities
    11.22%
  • Alphabet
    United States International Equities
    7.26%
  • Amazon.Com Inc
    United States International Equities
    6.54%
  • Eli Lilly Ord
    United States International Equities
    2.67%
  • Broadcom Inc
    United States International Equities
    2.58%
  • Jpmorgan Chase & Co
    United States International Equities
    2.15%
  • Exxon Mobil Corporation
    United States International Equities
    1.91%
  • Asml Holdings Ord
    Netherlands International Equities
    1.53%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.23%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.53%
International Equities 100.0% 99.24%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested against the fund's targets.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30th June 2024.