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NZ 50 ESG Tilted

This fund includes and adjusts companies in the S&P/NZX 50 according to sustainability factors.

5.84%

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

3.96%

Indicative dividend yield as at 31 May 2024

0.25%

Management fee p.a.

Overview

How is this fund different to others?

One of the first index funds in New Zealand to not only exclude companies from controversial industries, but to also both upweight and downweight companies based on non-financial metrics including governance practices, fossil fuel exposure, and workplace diversity. Using the internationally acclaimed Corporate Sustainability Assessment from S&P Dow Jones, each company included in of the S&P/NZX 50 is given an ESG score and re-weighted accordingly. Tracking the S&P NZX 50 Portfolio ESG Tilted Index, this fund is designed to provide long-term capital growth and diversification.

Holdings

As at 31 May 2024

CompanyCountryIndustryWeight

Fisher & Paykel Healthcare Corp Ltd

NZ

Health Care

11.07%

Auckland International Airport

NZ

Industrials

8.80%

Contact Energy Ltd

NZ

Utilities

8.59%

Meridian Energy

NZ

Utilities

8.31%

Fletcher Building Ltd (NZ Registry)

NZ

Industrials

8.04%

Spark New Zealand Limited (NZ Registered)

NZ

Communication Services

6.16%

Logos provided by Clearbit

Performance

  • Range of returns

    -15.56%

    VS

    49.47%

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

  • Growth of $10k

    $13,280.40

    For the 5 years as at 31 May 2024, an investment of $10,000 would be up 32.80%*

  • 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 31 May 2024

  • 0.61%

    3 months

  • 2.41%

    1 year

  • 5.84%

    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: 31.05.2024

Kernel Funds Latest Fund Update

Updated: 31.03.2024

Kernel KiwiSaver Plan Fund Update

Updated: 31.03.2024

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Indices provided by: S&P Dow Jones Indices