Fund type: Defensive fund
Past Returns: *4.23%Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Fund type: Defensive fund
Past Returns: *4.23%The Kernel March 2029 NZ Bond Fund is designed to invest in New Zealand interest-bearing assets and to terminate and fully distribute on or around 15 March 2029 as the Fund Maturity Date. The Kernel March 2029 Bond Fund aims to achieve a return comparable to a S&P (or equivalent rating agency) A-rated investment grade corporate bond maturing near the fund’s Fund Maturity Date
| Value | $4.75M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 7th March 2024 |
| Total annual fund fees | 0.5% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.5% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Dean Anderson |
Currently: Chief Executive (7 years, 0 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (6 years, 3 months)
|
|
Kerry Mcintosh |
Currently: Chairman (6 years, 3 months)
|
|
Vicki Dale |
Currently: Investment Committee Member (2 years, 10 months)
|
|
Matthew Winton |
Currently: Portfolio Manager (3 years, 4 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2025 | 3.87% | 5.83% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
Westpac 4.337% 24/09/2029
New Zealand NZ Fixed Interest AA-
Dunedin City Treasury 3.22% 27/11/2028
New Zealand NZ Fixed Interest AA-
Chorus 6.38% 06/12/2028
New Zealand NZ Fixed Interest BBB
Auckland Intl Airport 5.29% 17/11/2028
New Zealand NZ Fixed Interest A-
Southland Building Society 6.14% 07/03/2029
New Zealand NZ Fixed Interest BBB+
NZ Lgfa 4.50% 15/05/2030
New Zealand NZ Fixed Interest AAA
Dunedin City Treasury 5.55% 15/11/2028
New Zealand NZ Fixed Interest AA-
Rabobank 5.31% 05/04/2029
New Zealand NZ Fixed Interest AA
Bank Of China Deposit
New Zealand Cash and Equivalents A
Kiwi Property Group 2.85% 19/07/2028
New Zealand NZ Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 5.67% |
| New Zealand Fixed Interest | 100.0% | 94.33% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 30th Sept. 2025 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
Produces electricity from plants and distributes gas. Is expanding its portfolio of renewable assets (wind & solar farms + hydro) and options to reduce emissions from Huntly (Battery technology and biomass use). However, in 2023 35% of revenue came from fossil fuel generation - Huntley Power Station (Coal & Gas) and sales of gas from the Kupe field.
Fund type: Defensive fund
Past Returns: *4.23%The Kernel March 2029 NZ Bond Fund is designed to invest in New Zealand interest-bearing assets and to terminate and fully distribute on or around 15 March 2029 as the Fund Maturity Date. The Kernel March 2029 Bond Fund aims to achieve a return comparable to a S&P (or equivalent rating agency) A-rated investment grade corporate bond maturing near the fund’s Fund Maturity Date
| Value | $4.75M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 7th March 2024 |
| Total annual fund fees | 0.5% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.5% |
| Other management and administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Dean Anderson |
Currently: Chief Executive (7 years, 0 months)
|
|
Stephen Upton |
Currently: Chief Operating Officer (6 years, 3 months)
|
|
Kerry Mcintosh |
Currently: Chairman (6 years, 3 months)
|
|
Vicki Dale |
Currently: Investment Committee Member (2 years, 10 months)
|
|
Matthew Winton |
Currently: Portfolio Manager (3 years, 4 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2025 | 3.87% | 5.83% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
Westpac 4.337% 24/09/2029
New Zealand NZ Fixed Interest AA-
Dunedin City Treasury 3.22% 27/11/2028
New Zealand NZ Fixed Interest AA-
Chorus 6.38% 06/12/2028
New Zealand NZ Fixed Interest BBB
Auckland Intl Airport 5.29% 17/11/2028
New Zealand NZ Fixed Interest A-
Southland Building Society 6.14% 07/03/2029
New Zealand NZ Fixed Interest BBB+
NZ Lgfa 4.50% 15/05/2030
New Zealand NZ Fixed Interest AAA
Dunedin City Treasury 5.55% 15/11/2028
New Zealand NZ Fixed Interest AA-
Rabobank 5.31% 05/04/2029
New Zealand NZ Fixed Interest AA
Bank Of China Deposit
New Zealand Cash and Equivalents A
Kiwi Property Group 2.85% 19/07/2028
New Zealand NZ Fixed Interest BBB+
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 5.67% |
| New Zealand Fixed Interest | 100.0% | 94.33% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 30th Sept. 2025 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
