Skip to main content

Global ESG (NZD Hedged)

A globally diversified fund that adjusts companies to be in alignment with the 2016 Paris Agreement. Hedged against currency fluctuations.

14.43%

5 year p.a index return as at 31 March 2024

1.62%

Indicative dividend yield as at 31 March 2024

0.25%

Management fee p.a.

Overview

How is this fund different to others?

The Kernel Global ESG Fund invests in a broad range of global equities that collectively align with the 2016 Paris Agreement. It rewards companies with strategies and outcomes aligned to keep global warming to 1.5° Celsius. It goes beyond simple exclusions to deliver a more robust ESG integration for investors wanting the companies they’ve invested in to be aligned with their values. The fund tracks the S&P World Net Zero 2050 Paris-Aligned ESG Ex-Non-Pharma Animal Testing Index (NZD). Hedged against currency fluctuations. The hedging of currency means an investor receives the changes in value of underlying companies while minimising the changing strength of the New Zealand dollar, or gaining or losing when converting back to New Zealand.

Holdings

As at March 31, 2024

CompanyCountryIndustryWeight

Microsoft

US

Information Technology

5.16%

Nvidia Ord

US

Information Technology

4.70%

Apple Inc

US

Information Technology

3.57%

Amazon.com Inc

US

Consumer Discretionary

3.53%

Costco Wholesale Corp

US

Consumer Staples

2.36%

Alphabet Inc Class A

US

Communication Services

2.34%

Logos provided by Clearbit

Performance

  • Range of returns

    -22.40%

    VS

    73.11%

    The lowest and highest 12 month returns, in 5 years as at 31 March 2024*

  • Growth of $10k

    $19,618.82

    For the 5 years as at 31 March 2024, an investment of $10,000 would be up 96.19%*

  • Investment Objective

    Growth & Diversification

    The fund is designed to provide long-term capital growth and diversification.

*These are the gross index returns, not including fees or taxes.

Returns

As at March 31, 2024

  • 11.88%

    3 months

  • 32.54%

    1 year

  • 14.43%

    5 years

  • N/A

    10 years

Index returns are total returns gross of imputation credits where applicable, not including fees or taxes. All yearly returns are annualised.

Risk

The risk indicator reflects how much the value of the Fund’s assets goes up and down (volatility). A higher risk generally means higher potential returns over time, but more ups and downs along the way. The lowest risk rating doesn’t mean “risk-free” and this risk indicator is not a guarantee of a Fund’s future performance.

Potentially Lower Returns

Potentially Higher Returns

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7

Lower Risk

Higher Risk

Documents & Resources

Latest Fund Factsheet

Updated: 29.02.2024

Kernel Funds Latest Fund Update

Updated: 31.12.2023

Kernel KiwiSaver Plan Fund Update

Updated: 31.12.2023

Time to give your money a new home?

Open a Kernel account in minutes.

Keep up to date with Kernel

For market updates and the latest news from Kernel, subscribe to our newsletter. Guaranteed goodness, straight to your inbox.


© Copyright 2024 Kernel Wealth Limited

|

Indices provided by: S&P Dow Jones Indices