Funds
Kernel S&P Global Clean Energy Fund
Fund type: Aggressive fund
Past Returns: No 3 year data yetAnnual Fees: 0.45%
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:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Consolidated Edison Inc 5.65%
- Iberdrola SA 3.67%
- Energias De Portugal SA 3.31%
- Neste Oyj 3.27%
- Northland Power Inc. 1.76%
- Algonquin Power & Utilities Corp. 1.28%
- Clearway Energy Inc Class C 0.68%
- Contact Energy Ltd 0.58%
- Atlantica Sustainable Infrastructure PLC 0.43%
- Erg Spa 0.40%
- China Suntien Green Energy Corp Ltd 0.11%
Human Rights & Environmental Violations
- Centrais Electricas Brasileiras SA Adr 1.91%
Animal Cruelty
- Gevo Inc 0.16%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2022 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
In their own words
The Kernel S&P Global Clean Energy Fund tracks the S&P Global Clean Energy Index. This fund invests in up to 100 companies with significant or total clean energy exposure and low carbon-to-revenue footprints according to independent assessors Trucost.
At Kernel, we believe Kiwis deserve better investment options to grow their long-term wealth. We offer just this. Through our digital platform, world-class investment funds and quality financial resources, Kiwis now have an effective way to grow their savings over the long-term.
Value | $7.4M NZD |
Period of data report | 30th Sept. 2022 |
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 |
Key Personnel
Dean Anderson |
Currently: Chief Executive (4 years, 0 months) |
Stephen Upton |
Currently: Chief Operating Officer (3 years, 3 months) |
Kerry Mcintosh |
Currently: Director (3 years, 3 months) |
Paul Hocking |
Currently: Director (3 years, 3 months) |
Julian Knights |
Currently: Director (1 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.
Investment Exclusions
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
Issue of concern | Does this fund say it excludes this? | Actual holdings |
---|---|---|
Adult Entertainment /Pornography | 0.00% | |
Alcohol | 0.00% | |
Animal Cruelty | 0.16% | |
Fossil Fuels | 21.13% | |
Gambling | 0.00% | |
GMOs | 0.00% | |
Human Rights & Environmental Violations | 1.91% | |
Palm Oil | 0.00% | |
Tobacco | 0.00% | |
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 30th Sept. 2022 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 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. Similarly Mindful Money uses a broader scope for fossil fuels
than the government’s rules for default KiwiSaver funds. The full definitions
used in the Mindful Money analysis are here.
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 |
---|
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 Sept. 2022.
Top 10 Investments
-
Enphase Energy
United States International Equities11.64% -
Vestas Wind Systems
Denmark International Equities6.52% -
Consolidated Edison
United States International Equities5.65% -
First Solar
United States International Equities4.54% -
Solaredge Technologies
United States International Equities4.44% -
Orsted
Denmark International Equities3.93% -
Plug Power
United States International Equities3.78% -
Edison Intl
United States International Equities3.72% -
Iberdrola
Spain International Equities3.67% -
Energias De Portugal
Portugal International Equities3.31%
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 0.0% | -0.43% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 0.0% | 0.0% |
Australasian Equities | 0.0% | 1.22% |
International Equities | 100.0% | 99.21% |
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.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2022.