Funds

Kernel Cash Plus Fund

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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

  • Fossil Fuels

    • Genesis Energy Ltd. 2.04%

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. 2024 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 fund is is designed to invest in short-term New Zealand interest-bearing assets and other cash and cash equivalent investments.

Value $73.3M NZD
Period of data report 30th Sept. 2024
Fund started 7th Nov. 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

Key Personnel

Dean Anderson

Currently: Chief Executive (6 years, 0 months)
Previously: Smartshares Product Manager, NZX (4 years, 4 months)

Stephen Upton

Currently: Chief Operating Officer (5 years, 3 months)
Previously: Smartshares Chief Operating Officer - NZX (3 years, 6 months)

Kerry Mcintosh

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

Vicki Dale (New)

Currently: Investment Committee Member (1 years, 10 months)
Previously: Risk and Compliance Manager, Kernel Wealth (current) (2 years, 11 months)

Matthew Winton

Currently: Portfolio Manager (2 years, 4 months)
Previously: Europe Head of Linear Interest Rate Products, BNP Paribas, London (7 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.

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
2024 3.59% 4.64%

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. 2024.

Top 10 Investments

  • Rabobank Frn 05/04/2027
    New Zealand Cash and Equivalents AA
    15.46%
  • Bank Of China Deposit
    New Zealand Cash and Equivalents
    14.92%
  • Auckland Council Frn 04/10/2027
    New Zealand Cash and Equivalents AA-
    8.18%
  • Tax Traders 5.77% 24 Oct 2024
    New Zealand Cash and Equivalents AAA
    7.47%
  • Mtfgi Frn 24/11/2026
    New Zealand Cash and Equivalents A+
    7.35%
  • Tax Traders 5.950% 10 Oct 2024
    New Zealand Cash and Equivalents AAA
    6.13%
  • Kiwi Property Group 4.33% 19/12/2024
    New Zealand Cash and Equivalents BBB+
    5.77%
  • Sbs Commercial Paper 6.34% 04 Oct 2024
    New Zealand Cash and Equivalents BBB+
    5.45%
  • Heartland Bank Td 5.80% 12 Mar 2025
    New Zealand Cash and Equivalents BBB
    4.79%
  • Infratil 4.75% 15/12/2024
    New Zealand Cash and Equivalents
    4.13%
Type Target Actual
Cash and Cash Equivalents 100.0% 98.85%
New Zealand Fixed Interest 0.0% 1.15%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
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. 2024.