Fund type: Defensive fund
Past Returns: *5.83%Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
Fund type: Defensive fund
Past Returns: *5.83%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 | $718k NZD |
| Period of data report | 31st March 2025 |
| 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 |
|
Dean Anderson |
Currently: Chief Executive (6 years, 6 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (5 years, 9 months)
|
|
Kerry Mcintosh |
Currently: Chairman (5 years, 9 months)
|
|
Vicki Dale |
Currently: Investment Committee Member (2 years, 4 months)
|
|
Matthew Winton |
Currently: Portfolio Manager (2 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.87% | 5.83% |
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 2025.
Rabobank 5.31% 05/04/2029
New Zealand NZ Fixed Interest AA
Toyota Finance NZ Ltd 5.70% 23/04/2029
New Zealand NZ Fixed Interest A+
Westpac 4.34% 24/09/2029
New Zealand NZ Fixed Interest AA-
Southland Building Society 6.14% 07/03/2029
New Zealand NZ Fixed Interest BBB+
Kiwi Property Group 6.24% 27/09/2029
New Zealand NZ Fixed Interest BBB+
Kiwi Property Group 5.35% 19/06/2030
New Zealand NZ Fixed Interest BBB+
Chorus 6.38% 06/12/2028
New Zealand NZ Fixed Interest BBB
Bank Of China Deposit
New Zealand Cash and Equivalents A
Wellington Intl Airport 4.00% 01/04/2030
New Zealand NZ Fixed Interest BBB+
Nzgs 1.50% 15/05/2031
New Zealand NZ Fixed Interest AAA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 3.02% |
| New Zealand Fixed Interest | 100.0% | 96.98% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 2025 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.
Fund type: Defensive fund
Past Returns: *5.83%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 | $718k NZD |
| Period of data report | 31st March 2025 |
| 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 |
|
Dean Anderson |
Currently: Chief Executive (6 years, 6 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (5 years, 9 months)
|
|
Kerry Mcintosh |
Currently: Chairman (5 years, 9 months)
|
|
Vicki Dale |
Currently: Investment Committee Member (2 years, 4 months)
|
|
Matthew Winton |
Currently: Portfolio Manager (2 years, 10 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 3.87% | 5.83% |
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 2025.
Rabobank 5.31% 05/04/2029
New Zealand NZ Fixed Interest AA
Toyota Finance NZ Ltd 5.70% 23/04/2029
New Zealand NZ Fixed Interest A+
Westpac 4.34% 24/09/2029
New Zealand NZ Fixed Interest AA-
Southland Building Society 6.14% 07/03/2029
New Zealand NZ Fixed Interest BBB+
Kiwi Property Group 6.24% 27/09/2029
New Zealand NZ Fixed Interest BBB+
Kiwi Property Group 5.35% 19/06/2030
New Zealand NZ Fixed Interest BBB+
Chorus 6.38% 06/12/2028
New Zealand NZ Fixed Interest BBB
Bank Of China Deposit
New Zealand Cash and Equivalents A
Wellington Intl Airport 4.00% 01/04/2030
New Zealand NZ Fixed Interest BBB+
Nzgs 1.50% 15/05/2031
New Zealand NZ Fixed Interest AAA
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 3.02% |
| New Zealand Fixed Interest | 100.0% | 96.98% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
