Funds

Kernel S&P Global Dividend Aristocrats Fund

Total Ethical Concerns: 29.91%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 5.56%

    • Altria Group, Inc.
      2.89%
      2.89%
    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Fmc Corp.
      1.16%
      1.16%
  • Social Harm 4.96%

  • Fossil Fuels 23.16%

    • Apa Group
      2.03%
      !!
      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
      2.03%
    • Aes Corporation
      1.91%
      !!
      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
      1.91%
    • Avista Corp.
      1.88%
      1.88%
    • Northwestern Corp.
      1.66%
      1.66%
    • Spire Inc.
      1.63%
      1.63%
    • Portland General Electric Co.
      1.55%
      1.55%
    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Edp-Energias De Portugal SA
      1.49%
      1.5°C
      This company is on a 1.5°C pathway
      1.49%
    • Black Hills Corp.
      1.47%
      1.47%
    • Enel
      1.05%
      1.5°C
      This company is on a 1.5°C pathway
      1.05%
    • Emera, Inc.
      0.88%
      0.88%
    • Canadian Utilities Ltd.
      0.82%
      0.82%
    • Pembina Pipeline Corp.
      0.81%
      !!
      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
      0.81%
    • Canadian Natural Resources Ltd.
      0.72%
      !!
      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
      0.72%
    • Keyera Corp.
      0.72%
      !!
      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
      0.72%
    • Tc Energy Corp.
      0.71%
      !!
      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
      0.71%
    • Erg Spa
      0.70%
      0.70%
    • A2A Spa
      0.66%
      0.66%
    • Clp Holdings Ltd.
      0.48%
      0.48%
    • Power Assets Holdings Ltd.
      0.47%
      0.47%
  • Weapons 0.64%

    • Canadian Tire Corp. Ltd.
      0.64%
      0.64%
  • Environmental Harm 2.67%

    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Fmc Corp.
      1.16%
      1.16%

From the Fund Provider

  • About this fund

    About this Fund

    The Kernel S&P Global Dividend Aristocrats Fund invests in globally listed multi-national, blue chip companies and is designed to track the S&P Global Dividend Aristocrats Quality Income DM ex KR Index (NZD)

    Value $22.6M NZD
    Period of data report 31st March 2025
    Fund started 15th July 2020
    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 (6 years, 6 months)
    Previously: Smartshares Product Manager, NZX (4 years, 4 months)

    Stephen Upton

    Currently: Chief Operating Officer (5 years, 9 months)
    Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

    Kerry Mcintosh

    Currently: Chairman (5 years, 9 months)
    Previously: Operating Partner, Zino Ventures (current) (5 years, 7 months)

    Vicki Dale

    Currently: Investment Committee Member (2 years, 4 months)
    Previously: Risk and Compliance Manager, Kernel Wealth (current) (3 years, 5 months)

    Rhea Prasad

    Currently: Portfolio Manager (2 years, 4 months)
    Previously: Investment Dealer, Pie Funds (1 years, 3 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 4.07% 16.31%
    2024 15.78% 14.47%
    2023 -4.85% -1.89%
    2022 3.53% 6.54%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • Altria Group Inc

      United States International Equities

      2.89%
    • Verizon Communications Inc

      United States International Equities

      2.47%
    • Cvs Health Corporation

      United States International Equities

      2.38%
    • Ltc Properties

      United States International Equities

      2.13%
    • Lyondellbasell Industries Cl A Ord

      United States International Equities

      2.07%
    • Universal Corp

      United States International Equities

      2.06%
    • Apa Group Stapled

      Australia Australasian Equities

      2.03%
    • Highwoods Properties

      United States International Equities

      2.02%
    • Getty Realty Corp

      United States International Equities

      2.0%
    • Western Union Ord

      United States International Equities

      1.99%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 0.15%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 0.0% 2.03%
    International Equities 100.0% 97.83%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

Issues of Concern

  • 5.56% Animal Cruelty
  • 0.0% Human Rights Violations
  • 4.96% Social Harm
  • 23.16% Fossil Fuels
  • 0.64% Weapons
  • 2.67% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • Altria Group, Inc.
      2.89%
      2.89%
    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Fmc Corp.
      1.16%
      1.16%
  • Fossil Fuels

    • Apa Group
      2.03%
      !!
      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
      2.03%
    • Aes Corporation
      1.91%
      !!
      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
      1.91%
    • Avista Corp.
      1.88%
      1.88%
    • Northwestern Corp.
      1.66%
      1.66%
    • Spire Inc.
      1.63%
      1.63%
    • Portland General Electric Co.
      1.55%
      1.55%
    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Edp-Energias De Portugal SA
      1.49%
      1.5°C
      This company is on a 1.5°C pathway
      1.49%
    • Black Hills Corp.
      1.47%
      1.47%
    • Enel
      1.05%
      1.5°C
      This company is on a 1.5°C pathway
      1.05%
    • Emera, Inc.
      0.88%
      0.88%
    • Canadian Utilities Ltd.
      0.82%
      0.82%
    • Pembina Pipeline Corp.
      0.81%
      !!
      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
      0.81%
    • Canadian Natural Resources Ltd.
      0.72%
      !!
      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
      0.72%
    • Keyera Corp.
      0.72%
      !!
      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
      0.72%
    • Tc Energy Corp.
      0.71%
      !!
      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
      0.71%
    • Erg Spa
      0.70%
      0.70%
    • A2A Spa
      0.66%
      0.66%
    • Clp Holdings Ltd.
      0.48%
      0.48%
    • Power Assets Holdings Ltd.
      0.47%
      0.47%
  • Weapons

    • Canadian Tire Corp. Ltd.
      0.64%
      0.64%
  • Environmental Harm

    • Chevron Corp.
      1.51%
      !!
      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
      1.51%
    • Fmc Corp.
      1.16%
      1.16%

About this Fund

The Kernel S&P Global Dividend Aristocrats Fund invests in globally listed multi-national, blue chip companies and is designed to track the S&P Global Dividend Aristocrats Quality Income DM ex KR Index (NZD)

Value $22.6M NZD
Period of data report 31st March 2025
Fund started 15th July 2020
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 (6 years, 6 months)
Previously: Smartshares Product Manager, NZX (4 years, 4 months)

Stephen Upton

Currently: Chief Operating Officer (5 years, 9 months)
Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

Kerry Mcintosh

Currently: Chairman (5 years, 9 months)
Previously: Operating Partner, Zino Ventures (current) (5 years, 7 months)

Vicki Dale

Currently: Investment Committee Member (2 years, 4 months)
Previously: Risk and Compliance Manager, Kernel Wealth (current) (3 years, 5 months)

Rhea Prasad

Currently: Portfolio Manager (2 years, 4 months)
Previously: Investment Dealer, Pie Funds (1 years, 3 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 4.07% 16.31%
2024 15.78% 14.47%
2023 -4.85% -1.89%
2022 3.53% 6.54%

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 31st March 2025.

Top 10 Investments

  • Altria Group Inc

    United States International Equities

    2.89%
  • Verizon Communications Inc

    United States International Equities

    2.47%
  • Cvs Health Corporation

    United States International Equities

    2.38%
  • Ltc Properties

    United States International Equities

    2.13%
  • Lyondellbasell Industries Cl A Ord

    United States International Equities

    2.07%
  • Universal Corp

    United States International Equities

    2.06%
  • Apa Group Stapled

    Australia Australasian Equities

    2.03%
  • Highwoods Properties

    United States International Equities

    2.02%
  • Getty Realty Corp

    United States International Equities

    2.0%
  • Western Union Ord

    United States International Equities

    1.99%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.15%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 2.03%
International Equities 100.0% 97.83%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.