Funds

Kernel March 2029 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 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 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 $478k NZD
Period of data report 30th Sept. 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 (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

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

  • Westpac 4.337% 24/09/2029
    New Zealand NZ Fixed Interest AA-
    31.53%
  • Toyota Finance NZ 5.697% 23/04/2029
    New Zealand NZ Fixed Interest A+
    24.83%
  • Rabobank 5.31% 05/04/2029
    New Zealand NZ Fixed Interest AA
    21.72%
  • Southland Building Society 6.14% 07/03/2029
    New Zealand NZ Fixed Interest BBB+
    11.16%
  • Chorus 2.51% 02/12/2030
    New Zealand NZ Fixed Interest BBB
    6.48%
  • Bank Of China Deposit
    New Zealand Cash and Equivalents
    2.82%
  • Nzgs 4.25% 15/05/2036
    New Zealand NZ Fixed Interest AAA
    0.1%
  • Wellington Intl Airport 3.32% 24/09/2031
    New Zealand NZ Fixed Interest BBB
    0.06%
  • Nzgs 1.75% 15/05/2041
    New Zealand NZ Fixed Interest AAA
    0.06%
  • Infratil 7.78% 15/12/2029
    New Zealand NZ Fixed Interest
    0.06%
Type Target Actual
Cash and Cash Equivalents 0.0% 3.72%
New Zealand Fixed Interest 100.0% 96.28%
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.