Kernel S&P Global Dividend Aristocrats Fund

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Not Mindful
Type: Aggressive fund
Past Returns: No 3 year data yet

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.39%

Annual fees, including any membership and % management fee.

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.


Fossil Fuel

Agl Energy Limited 1.90%
Canadian Utilities Ltd A Nv 0.69%
Dominion Energy Inc 3.22%
Emera Inc 0.82%
Enagas SA Ord 1.57%
Exxon Mobil Corporation 2.46%
Fortum Oyj 0.76%
Keyera Corp 0.66%
Orix Corp 0.59%
Pembina Pipeline Corporation 0.57%
Power Assets Holdings Ltd 0.63%
Ppl Corp 2.95%
Tc Energy Corporation 0.66%
Total Se 1.35%
Upm-Kymmene Oyj 0.84%

Weapons

Olin Corp 3.22%

Tobacco

Japan Tobacco Inc 1.96%
Schweitzer-Mauduit 3.02%
Universal Corp 3.27%

Animal Testing

Glaxosmithkline PLC 1.230%
Olin Corp 3.220%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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.

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

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 fund has filed with Disclose register to Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • Intl Paper Co
    United States International Equities
    3.58%
  • Universal Corp
    United States International Equities
    3.27%
  • Olin Corp
    United States International Equities
    3.22%
  • Dominion Energy Inc
    United States International Equities
    3.22%
  • Westrock Co
    United States International Equities
    3.16%
  • Janus Henderson Group PLC
    United States International Equities
    3.16%
  • International Business Machines Corp
    United States International Equities
    3.09%
  • At & T Inc
    United States International Equities
    3.07%
  • Schweitzer-Mauduit
    United States International Equities
    3.02%
  • Ltc Properties
    United States International Equities
    2.96%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 0.45%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 3.51%
International Equities 100.0% 96.04%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    4.46%
  • Fossil Fuels:
    19.66%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    8.25%
  • Weapons:
    3.22%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words

"The Kernel S&P Global Dividend Aristocrats Fund invests in high-dividend yielding globally listed companies who have a managed-dividends policy of increasing or maintaining dividends for at least 10 consecutive years and is designed to track the S&P Global Dividend Aristocrats Quality Income DM ex KR Index (NZD)."

Value $1.3M NZD
Period of data report Wed Sept. 30th 2020
Members Not provided
Fund started Wed July 15th 2020
Total annual fund fees 0.39%
Total performance based fees 0.0%
Manager's basic fee 0.39%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Dean Anderson

Currently: Chief Executive (2 years, 0 months)
Previously: Smartshares Product Manager, NZX (4 years, 4 months)

Stephen Upton

Currently: Chief Operating Officer (1 years, 3 months)
Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

Kerry Mcintosh

Currently: Director (1 years, 3 months)
Previously: Operating Partner, Zino Ventures (current) (2 years, 7 months)

Paul Hocking

Currently: Director (1 years, 3 months)
Previously: Director, Trustees Executors Limited (10 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.