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Global ESG (NZD Hedged)

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

5-10 Years

Minimum suggested investment time frame

14.91%

5 year p.a index return as at 30 September 2024

1.54%

Indicative dividend yield as at 30 September 2024

0.25%

Management fee p.a.


Overview

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.

Where is my money?

Take comfort in knowing which companies and locations your money is invested in.

holdings

Fund holdings as at 30 September 2024

CompanyCountryIndustryWeighting

Apple Inc

US

Information Technology

4.95%

Nvidia Ord

US

Information Technology

4.92%

Microsoft

US

Information Technology

4.81%

Amazon.com Inc

US

Consumer Discretionary

2.66%

Alphabet Inc Class A

US

Communication Services

2.24%

Alphabet Inc Class C

US

Communication Services

1.89%

Logos provided by Clearbit

Country weightings

This graph shows the fund allocation according to the countries.

United States (68.2%)

Japan (6.8%)

Great Britain (3.8%)

Canada (3.0%)

France (2.6%)

Switzerland (2.3%)

Germany (2.1%)

Other (8.7%)

Sector composition

This graph shows the fund allocation according to the type of industry.

Information Technology (27.6%)

Financials (16.8%)

Health Care (12.7%)

Industrials (11.4%)

Consumer Discretionary (10.7%)

Communication Services (8.5%)

Consumer Staples (5.0%)

Other (5.0%)

Country and Sector composition as at 30 September 2024.

Returns

As at 30 September 2024

4.17%

3 months

34.08%

1 year

N/A

3 years

N/A

5 years

24.60%

Since inception

Fund returns are after fees and at 0% PIR tax. Returns for periods more than a year are annualised to be per annum (p.a.). See our full performance disclaimer for more details.

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.

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Lower risk

Higher risk

Performance

Range of Returns

-22.40%
vs
73.11%

The lowest and highest 12 month returns, in 5 years as at 30 September 2024*

Growth of 10K

$20,037.71

For the 5 years as at 30 September 2024, an investment of $10,000 would be up 100.38%*

Investment Objective

Growth & Diversification

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

Documents

Latest Fund Factsheet

Updated: 30.09.2024

Kernel Funds Latest Fund Update

Updated: 30.09.2024

Kernel KiwiSaver Plan Fund Update

Updated: 30.09.2024

See the historical fund updates here

Related articles

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© Copyright 2024 Kernel Wealth Limited

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Indices provided by: S&P Dow Jones Indices

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