Funds

Kernel NZ Bond 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.

This fund has no investments in issues of concern

Key:

  • Human Rights Violations
  • Environmental Harm
  • Animal Cruelty
  • Weapons
  • Fossil Fuels
  • Social Harm

Companies of concern

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 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 Kernel NZ Bond Fund aims to equal or exceed the return (before fees and taxes) of the Bloomberg NZ Bond Composite 0+ Yr Index by investing mostly in New Zealand fixed interest-bearing assets.

Value $2.33M NZD
Period of data report 31st March 2024
Fund started 7th March 2024
Total annual fund fees 0.4%
Total performance based fees 0.0%
Manager's basic fee 0.4%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

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)

Matthew Winton

Currently: Portfolio Manager (1 years, 10 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 31st March 2024.

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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 31st March 2024.

Top 10 Investments

  • Bank Of China Call Account
    New Zealand Cash and Equivalents A
    18.91%
  • Southland Building Society 4.32% 18/03/27
    New Zealand NZ Fixed Interest BBB+
    12.81%
  • NZ Lgfa 3.00% 15/05/2035
    New Zealand NZ Fixed Interest AAA
    10.98%
  • Wellington Intl Airport 3.32% 24/03/2031
    New Zealand NZ Fixed Interest BBB
    8.71%
  • Infratil 7.78% 15/12/2029
    New Zealand NZ Fixed Interest
    6.77%
  • Auckland City Council 2.95% 28/09/2050
    New Zealand NZ Fixed Interest AA
    6.06%
  • Nzgs 15/05/2041 1.75%
    New Zealand NZ Fixed Interest AAA
    5.56%
  • Chorus 2.51% 02/12/2030
    New Zealand NZ Fixed Interest BBB
    4.46%
  • Christchurch Intl Airport Ltd 5.18% 19/05/28
    New Zealand NZ Fixed Interest A-
    4.37%
  • Hsbc 1.835 16 Aug 2024
    New Zealand Cash and Equivalents AA-
    4.24%
Type Target Actual
Cash and Cash Equivalents 0.0% 19.43%
New Zealand Fixed Interest 100.0% 80.57%
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 31st March 2024.