Funds
Kernel March 2029 NZ Bond Fund
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 March 2029 NZ Bond Fund is designed to invest in New Zealand interest-bearing assets and to terminate and fully distribute on or around 15 March 2029 as the Fund Maturity Date. The Kernel March 2029 Bond Fund aims to achieve a return comparable to a S&P (or equivalent rating agency) A-rated investment grade corporate bond maturing near the fund’s Fund Maturity Date
| Value | $366k NZD |
| Period of data report | 30th June 2024 |
| Fund started | 7th March 2024 |
| Total annual fund fees | 0.5% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.5% |
| 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) |
|
Stephen Upton |
Currently: Chief Operating Officer (4 years, 3 months) |
|
Kerry Mcintosh |
Currently: Director (4 years, 3 months) |
|
Paul Hocking |
Currently: Director (4 years, 3 months) |
|
Matthew Winton |
Currently: Portfolio Manager (2 years, 1 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 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 |
|---|
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 June 2024.
Top 10 Investments
-
Toyota Finance NZ Ltd 5.697% 23/04/2029
New Zealand NZ Fixed Interest A+50.23% -
NZ Lgfa 1.50% 20/04/2029
New Zealand NZ Fixed Interest AAA15.27% -
Kiwibank Ltd 6.254% 19/10/2028
New Zealand NZ Fixed Interest AA14.4% -
Chorus 6.38% 06/12/2028
New Zealand NZ Fixed Interest BBB11.39% -
Chorus 2.51% 02/12/2030
New Zealand NZ Fixed Interest BBB8.05% -
NZ Lgfa 3.00% 15/05/2035
New Zealand NZ Fixed Interest AAA0.04% -
Nzgs 15/05/2041 1.75%
New Zealand NZ Fixed Interest AAA0.03% -
Udc Endeavour Auto Abs 20/06/2030
New Zealand Cash and Equivalents AAA0.03% -
Gmt 2.559% 04/09/2030
New Zealand NZ Fixed Interest BBB+0.03% -
Wellington Intl Airport 3.32% 24/09/2031
New Zealand NZ Fixed Interest BBB0.03%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 0.28% |
| New Zealand Fixed Interest | 100.0% | 99.72% |
| 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 June 2024.