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

    • Centrais Eletricas Br-Sp Adr 1.69%
    • Iberdrola SA 6.54% 1.5°C
      This company is on a 1.5°C pathway
    • Consolidated Edison Inc 5.96%
    • Edp-Energias De Portugal SA 4.08% 1.5°C
      This company is on a 1.5°C pathway
    • Orsted A/S 4.04% 1.5°C
      This company is on a 1.5°C pathway
    • Neste Oyj 3.67%
    • Northland Power Inc 1.58%
    • Algonquin Power & Utilities 0.97%
    • Clearway Energy Inc-C 0.67%
    • Erg Spa 0.44%
    • Contact Energy Ltd 0.36% 1.5°C
      This company is on a 1.5°C pathway
    • China Suntien Green Energy-H 0.14% !!
      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

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 2023 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 Clean Energy Fund tracks the S&P Developed Ex-Korea Clean Energy Index. This fund invests in companies from developed markets with significant or total clean
energy exposure and low carbon-to-revenue footprints according to independent
assessors Trucost

Value $9.8M NZD
Period of data report 30th June 2023
Fund started 16th June 2021
Total annual fund fees 0.45%
Total performance based fees 0.0%
Manager's basic fee 0.45%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Dean Anderson

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

Stephen Upton

Currently: Chief Operating Officer (4 years, 0 months)
Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

Kerry Mcintosh

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

Paul Hocking

Currently: Director (4 years, 0 months)
Previously: Director, Trustee Executors Limited (10 years, 9 months)

Julian Knights

Currently: Director (2 years, 7 months)
Previously: Founding Partner, Ironbridge Capital (17 years, 8 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2023.

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
2023 -5.17% 2.97%

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 30th June 2023.

Top 10 Investments

  • First Solar Inc
    United States International Equities
    7.5%
  • Vestas Wind Systems As
    Denmark International Equities
    7.43%
  • Enphase Energy Inc
    United States International Equities
    7.25%
  • Solaredge Technologies Inc
    United States International Equities
    5.98%
  • Consolidated Edison Inc
    United States International Equities
    5.83%
  • Orsted
    Denmark International Equities
    5.33%
  • Iberdrola SA
    Spain International Equities
    4.28%
  • Energias De Portugal SA
    Portugal International Equities
    4.19%
  • Edison Intl
    United States International Equities
    4.03%
  • Chubu Electric Power Co Inc
    Japan International Equities
    3.64%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.14%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.9%
International Equities 100.0% 98.95%
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 fund has filed with Disclose register to 30th June 2023.