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NZ 50 ESG Tilted

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

6.98%

5 year p.a. index return as at 31 October 2023

4.44%

Indicative dividend yield as at 31 October 2023

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 October 31, 2023

CompanyCountryIndustryWeight

Contact Energy Ltd

NZ

Utilities

11.18%

Meridian Energy

NZ

Utilities

10.37%

Fletcher Building Ltd (NZ Registry)

NZ

Industrials

10.27%

Auckland International Airport

NZ

Industrials

9.29%

Fisher & Paykel Healthcare Corp Ltd

NZ

Health Care

8.43%

Spark New Zealand Limited (NZ Registered)

NZ

Communication Services

7.46%

Logos provided by Clearbit

Performance

  • Range of returns

    -15.56%

    VS

    49.47%

    The lowest and highest 12 month returns, in 5 years to the end of October 2023*

  • Growth of $10k

    $14,010

    For the 5 years to 31 October 2023, an investment of $10,000 would be up 40.10%*

  • 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 October 31, 2023

  • -10.64%

    3 months

  • -0.30%

    1 year

  • 6.98%

    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: 31.10.2023

Kernel Funds Latest Fund Update

Updated: 30.09.2023

Kernel KiwiSaver Plan Fund Update

Updated: 30.09.2023

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Indices provided by: S&P Dow Jones Indices