Latest Fund Factsheet
Updated: 30.06.2024
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
14.42%
5 year p.a index return as at 30 June 2024
1.67%
Indicative dividend yield as at 30 June 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 June 2024
| Company | Country | Industry | Weighting |
|---|---|---|---|
Microsoft | US | Information Technology | 5.07% |
Apple Inc | US | Information Technology | 4.95% |
NO Nvidia Ord | US | Information Technology | 4.94% |
 Amazon.com Inc | US | Consumer Discretionary | 3.26% |
Alphabet Inc Class A | US | Communication Services | 2.55% |
Alphabet Inc Class C | US | Communication Services | 2.15% |
Country weightings
This graph shows the fund allocation according to the countries.
United States (69.5%)
Japan (6.9%)
Great Britain (3.9%)
Canada (3.1%)
France (2.8%)
Switzerland (2.4%)
Germany (2.2%)
Other (9.1%)
Sector composition
This graph shows the fund allocation according to the type of industry.
Information Technology (26.6%)
Financials (17.3%)
Health Care (13.3%)
Industrials (11.7%)
Consumer Discretionary (11.2%)
Communication Services (8.6%)
Consumer Staples (5.9%)
Other (5.5%)
Country and Sector composition as at 30 June 2024.
Returns
As at 30 June 2024
4.16%
3 months
N/A
1 year
N/A
3 years
N/A
5 years
N/A
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 June 2024*
Growth of 10K
$19,611.64
For the 5 years as at 30 June 2024, an investment of $10,000 would be up 96.12%*
Investment Objective
Growth & Diversification
The fund is designed to provide long-term capital growth and diversification.
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