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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.
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
| Company | Country | Industry | Weight |
|---|---|---|---|
Microsoft | US | Information Technology | 5.16% |
NO Nvidia Ord | US | Information Technology | 4.70% |
Apple Inc | US | Information Technology | 3.57% |
 Amazon.com Inc | US | Consumer Discretionary | 3.53% |
CW Costco Wholesale Corp | US | Consumer Staples | 2.36% |
Alphabet Inc Class A | US | Communication Services | 2.34% |
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.
Documents & Resources
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Indices provided by: S&P Dow Jones Indices