Kernel S&P Global 100 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

Anglo American PLC 0.23%
Basf Se 0.40%
BHP Group Ltd (Au Register) 0.53%
BP PLC 0.41%
Chevron Corp 0.96%
E.On Se 0.17%
Engie 0.17%
Exxon Mobil Corporation 1.03%
Repsol SA 0.06%
Rio Tinto PLC Ord (UK Register) 0.45%
Royal Dutch Shell PLC 0.36%
Royal Dutch Shell PLC 'B' Ord EUR 0.32%
Rwe AG 0.17%
The Coca-Cola Co 1.35%
Total Se 0.60%

Tobacco

Philip Morris International 0.82%
Seven & I Holdings Co Ltd 0.29%

Alcohol

Diageo PLC 0.56%
LVMH-Moet Vuitton 0.93%

Human Rights & Environmental Violations

BHP Group Ltd (Au Register) 0.53%
Chevron Corp 0.96%
Johnson & Johnson 2.79%
Nestle SA (Ch Registry) 2.43%
Rio Tinto PLC Ord (UK Register) 0.45%
Royal Dutch Shell PLC 0.36%
Royal Dutch Shell PLC 'B' Ord EUR 0.32%

Animal Testing

Basf Se 0.400%
Bayer AG-Reg 0.430%
Chevron Corp 0.960%
Colgate-Palmolive Co 0.470%
Dupont De Nemours Inc 0.290%
Glaxosmithkline PLC 0.650%
Hp Inc 0.180%
Johnson & Johnson 2.790%
Kimberly-Clark 0.350%
L'Oreal Ordinary Shares 0.560%
LVMH-Moet Vuitton 0.930%
Nestle SA (Ch Registry) 2.430%
Pepsico Inc 1.370%
Philip Morris International 0.820%
Procter & Gamble Co 2.460%
Royal Dutch Shell PLC 0.360%
Royal Dutch Shell PLC 'B' Ord EUR 0.320%
Seven & I Holdings Co Ltd 0.290%
The Coca-Cola Co 1.350%
Unilever Nv 0.610%

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:

  • Apple
    United States International Equities
    13.3%
  • Microsoft
    United States International Equities
    11.38%
  • Amazon.Com
    United States International Equities
    9.65%
  • Alphabet Inc A
    United States International Equities
    3.18%
  • Alphabet Inc C
    United States International Equities
    3.05%
  • Johnson & Johnson
    United States International Equities
    2.79%
  • Procter & Gamble Co
    United States International Equities
    2.46%
  • Nestle
    Switzerland International Equities
    2.43%
  • Jp Morgan Chase
    United States International Equities
    2.08%
  • Samsung Electronics Co
    Korea, Republic of International Equities
    1.79%

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% 0.18%
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% 99.29%
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:
    1.49%
  • Animal Testing:
    18.01%
  • Fossil Fuels:
    7.21%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    7.83%
  • Palm Oil:
    0.00%
  • Tobacco:
    1.11%
  • Weapons:
    0.00%

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 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 $1.6M 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.

Latest news

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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.