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S&P Kensho Electric Vehicle Innovation

Invest in a diversified mix of global companies involved in the electric vehicles sector and the ecosystems supporting it – energy storage systems, clean fuel technology, charging infrastructure and more.

8.37%

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

0.45%

Management fee p.a.

Overview

How is this fund different to others?

Electric Vehicles (EVs) have been proposed and designed for over 20 years, but in the last year or two the EV performance, ecosystem and consumer adoption seems to have accelerated. With 11 vehicle manufacturers plus 18 companies providing critical EV components and infrastructure, this fund offers well-rounded exposure so you can benefit from the EV movement without picking individual stocks. This high-growth fund is only the 4th electric vehicle index fund in the world and includes the likes of Tesla, NIO, Workhorse Group, Blink Charging Co and Toyota. The fund tracks the S&P Kensho Electric Vehicles Index, which is part of the S&P Kensho New Economy Index Series.

Holdings

As at January 31, 2024

CompanyCountryIndustryWeight

General Motors Co

US

Automobile Manufacturers

3.57%

American Axle & Manufacturing Holdings

US

Automotive Parts & Equipment

3.09%

Ford Motor Co

US

Automobile Manufacturers

3.05%

Allison Transmission Holdings Inc

US

Construction Machinery & Heavy Transportation Equipment

2.95%

Aspen Aerogels Inc

US

Specialty Chemicals

2.94%

Garrett Motion Inc

US

Automotive Parts & Equipment

2.92%

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Performance

  • Range of returns

    -42.93%

    VS

    270.43%

    The lowest and highest 12 month returns, in 5 years to the end of January 2024*

  • Growth of $10k

    $14,950

    For the 5 years to 31 January 2024, an investment of $10,000 would be up 49.50%*

  • Investment Objective

    Capital Growth

    The Fund is designed to focus on capital growth and is a great satellite holding.

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

Returns

As at January 31, 2024

  • -0.02%

    3 months

  • -25.18%

    1 year

  • 8.37%

    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

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Lower Risk

Higher Risk

Documents & Resources

Latest Fund Factsheet

Updated: 31.01.2024

Kernel Funds Latest Fund Update

Updated: 31.12.2023

Kernel KiwiSaver Plan Fund Update

Updated: 31.12.2023

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Indices provided by: S&P Dow Jones Indices