Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed aggressive funds is 12.02%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Portugal’s largest generator and distributor of electricity. It is the 4th largest generator of wind power in the world with 90% generated by renewables. However, revenue is still generated from fossil fuels; 5% from coal-fired plants and 5% from oil and gas. EDP have committed to being carbon neutral by 2030. The company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
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 | $22.6M NZD |
| Period of data report | 31st March 2026 |
| 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 |
|
Helen Skinner |
Currently: Head of Distribution and Sustainability Strategy (1 years, 0 months)
|
|
Kerry Mcintosh |
Currently: Chairman (6 years, 9 months)
|
|
Dean Anderson |
Currently: Chief Executive (7 years, 6 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (6 years, 9 months)
|
|
Rhea Prasad |
Currently: Portfolio Manager (3 years, 4 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 85.34% |
| 2025 | 4.27% | -14.71% |
| 2024 | 15.02% | -23.15% |
| 2023 | -4.85% | 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 31st March 2026.
Nextracker Inc Class A
United States International Equities
Bloom Energy Corp
United States International Equities
First Solar Inc
United States International Equities
Iberdrola SA
Spain International Equities
Ge Vernova Inc
United States International Equities
Edison Intl
United States International Equities
Nextera Energy Inc
United States International Equities
E.On Se
Germany International Equities
Ormat Technologies
United States International Equities
Sse PLC Ord
United Kingdom International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.04% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.62% |
| International Equities | 100.0% | 99.34% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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 2026.
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 2026 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Portugal’s largest generator and distributor of electricity. It is the 4th largest generator of wind power in the world with 90% generated by renewables. However, revenue is still generated from fossil fuels; 5% from coal-fired plants and 5% from oil and gas. EDP have committed to being carbon neutral by 2030. The company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Where low standards of ethics create harm because of poor culture and inappropriate incentives, inadequate governance and oversight, and incidents of bribery and corruption.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
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 | $22.6M NZD |
| Period of data report | 31st March 2026 |
| 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 |
|
Helen Skinner |
Currently: Head of Distribution and Sustainability Strategy (1 years, 0 months)
|
|
Kerry Mcintosh |
Currently: Chairman (6 years, 9 months)
|
|
Dean Anderson |
Currently: Chief Executive (7 years, 6 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (6 years, 9 months)
|
|
Rhea Prasad |
Currently: Portfolio Manager (3 years, 4 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | 85.34% |
| 2025 | 4.27% | -14.71% |
| 2024 | 15.02% | -23.15% |
| 2023 | -4.85% | 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 31st March 2026.
Nextracker Inc Class A
United States International Equities
Bloom Energy Corp
United States International Equities
First Solar Inc
United States International Equities
Iberdrola SA
Spain International Equities
Ge Vernova Inc
United States International Equities
Edison Intl
United States International Equities
Nextera Energy Inc
United States International Equities
E.On Se
Germany International Equities
Ormat Technologies
United States International Equities
Sse PLC Ord
United Kingdom International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.04% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.62% |
| International Equities | 100.0% | 99.34% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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 2026.
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 2026 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.
