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

    • Meta Platforms Inc-Class A 1.83%
    • Johnson & Johnson 1.03%
    • Thermo Fisher Scientific Inc 0.54%
    • Wells Fargo & Co 0.41%
    • Caterpillar Inc 0.38%
    • Raytheon Technologies Corp 0.29%
    • Lockheed Martin Corp 0.25%
    • Motorola Solutions Inc 0.13%
    • Chevron Corp 0.83% !!
      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
    • Duke Energy Corp 0.19%
    • Freeport-Mcmoran Inc 0.15%
    • 3M Co 0.14%
    • Archer-Daniels-Midland Co 0.11%
    • Corteva Inc 0.10%
    • Pg&E Corp 0.09%
    • Bunge Ltd 0.05%
    • Fmc Corp 0.02%
    • Exxon Mobil Corporation 1.29% !!
      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
    • Procter & Gamble Co/The 0.95%
    • Chevron Corp 0.83% !!
      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
    • Philip Morris International 0.40%
    • Altria Group Inc 0.21%
    • Sherwin-Williams Co/The 0.17%
    • Colgate-Palmolive Co 0.16%
    • 3M Co 0.14%
    • Ecolab Inc 0.12%
    • Kimberly-Clark Corp 0.11%
    • Corteva Inc 0.10%
    • Dow Inc 0.10%
    • Dupont De Nemours Inc 0.09%
    • Estee Lauder Companies-Cl A 0.09%
    • PPG Industries Inc 0.08%
    • Albemarle Corp 0.06%
    • Church & Dwight Co Inc 0.06%
    • Intl Flavors & Fragrances 0.05%
    • Clorox Company 0.04%
    • Tyson Foods Inc-Cl A 0.04%
    • Celanese Corp 0.03%
    • Eastman Chemical Co 0.03%
    • Hormel Foods Corp 0.03%
    • Mosaic Co/The 0.03%
    • Fmc Corp 0.02%
    • Tapestry Inc 0.02%
    • Walmart Inc 0.63%
    • Honeywell International Inc 0.34%
    • Boeing Co/The 0.30%
    • Raytheon Technologies Corp 0.29%
    • Lockheed Martin Corp 0.25%
    • Northrop Grumman Corp 0.17%
    • Amphenol Corp 0.14%
    • General Dynamics Corp. 0.14%
    • Transdigm Group Inc 0.13%
    • L3Harris Technologies Inc 0.09%
    • Howmet Aerospace Inc 0.05%
    • Jacobs Solutions Inc 0.05%
    • Teledyne Technologies Inc 0.05%
    • Textron, Inc. 0.04%
    • Leidos Holdings Inc 0.03%
    • Huntington Ingalls Industrie 0.02%
    • Exxon Mobil Corporation 1.29% !!
      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
    • Chevron Corp 0.83% !!
      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
    • Conocophillips 0.40% !!
      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
    • Nextera Energy Inc 0.32%
    • Eog Resources Inc 0.20% !!
      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
    • Duke Energy Corp 0.19%
    • Southern Co/The 0.19%
    • Marathon Petroleum Corp 0.17%
    • Phillips 66 0.15%
    • Pioneer Natural Resources Co 0.15% !!
      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
    • Valero Energy Corp 0.14%
    • Hess Corp 0.12% !!
      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
    • Occidental Petroleum Corp 0.12% !!
      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
    • Sempra Energy 0.12% !!
      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
    • American Electric Power 0.11%
    • Williams Cos Inc 0.11% !!
      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
    • Constellation Energy 0.10%
    • Dominion Energy Inc 0.10%
    • Halliburton Co 0.10%
    • Oneok Inc 0.10%
    • Kinder Morgan Inc 0.09% !!
      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
    • Pg&E Corp 0.09%
    • Xcel Energy Inc 0.09%
    • Consolidated Edison Inc 0.08%
    • Devon Energy Corp 0.08% !!
      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
    • Diamondback Energy Inc 0.08% !!
      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
    • Public Service Enterpris 0.08%
    • Delta Air Lines Inc 0.07%
    • Wec Energy Group Inc 0.07%
    • Coterra Energy Inc 0.06% !!
      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
    • Dte Energy Co 0.06%
    • Ameren Corporation 0.05%
    • Centerpoint Energy Inc 0.05%
    • Entergy Corp 0.05%
    • Firstenergy Corp 0.05%
    • Ppl Corp 0.05%
    • Targa Resources Corp 0.05%
    • Atmos Energy Corp 0.04%
    • Cms Energy Corp 0.04%
    • Eqt Corp 0.04% !!
      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
    • Marathon Oil Corp 0.04% !!
      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
    • Aes Corp 0.03% !!
      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
    • Alliant Energy Corp 0.03%
    • Apa Corp 0.03% !!
      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
    • Evergy Inc 0.03%
    • Loews Corp 0.03%
    • Nisource Inc 0.03%
    • Nrg Energy Inc 0.02%
    • Pinnacle West Capital 0.02%

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. 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 500 Fund’s investment objective is to provide a return (before tax, fees and expenses) that closely matches the return on the S&P 500 NZD Dynamic Hedged Index

Value $29.7M NZD
Period of data report 30th Sept. 2023
Fund started 11th April 2022
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 (5 years, 0 months)
Previously: Smartshares Product Manager, NZX (4 years, 4 months)

Stephen Upton

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

Kerry Mcintosh

Currently: Director (4 years, 3 months)
Previously: Operating Partner, Zino Ventures (current) (5 years, 7 months)

Paul Hocking

Currently: Director (4 years, 3 months)
Previously: Director, Trustee Executors Limited (10 years, 9 months)

Julian Knights

Currently: Director (2 years, 10 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 Sept. 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

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. 2023.

Top 10 Investments

  • Vanguard S&P 500 ETF
    United States International Equities
    99.47%
  • US Dollar
    United States Cash and Equivalents A+
    1.07%
  • New Zealand Dollar
    New Zealand Cash and Equivalents
    0.52%
  • Hedging Contracts
    New Zealand Cash and Equivalents
    0.52%
Type Target Actual
Cash and Cash Equivalents 0.0% 0.53%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 100.0% 99.47%
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 Sept. 2023.