Kernel Wealth Limited
Kernel S&P Global Clean Energy Fund
Kernel KiwiSaver PlanAggressive
What the provider says about this fund
The Kernel S&P Global Clean Energy Fund tracks the�S&P Developed Ex-Korea Clean Energy Index.�This fund invests in companies from developed markets with significant or total clean Energy exposure and low carbon-to-revenue footprints according to independent Assessors Trucost
1-year return
85.34%
5-year return p.a.
5.59%
Total annual fee
0.45%
Fund size ($m)
2.2
Members
208
Inception date
11 April 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
99.96%
Income assets
0.04%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 99.34% | 100.00% | 59.89% |
| Listed property | 0.00% | 0.00% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 0.17% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Nextracker Inc Class A | Shares | International Equities | US | 9.71% |
| 2 | Bloom Energy Corp | Shares | International Equities | US | 8.97% |
| 3 | First Solar Inc | Shares | International Equities | US | 5.85% |
| 4 | Iberdrola SA | Shares | International Equities | ES | 5.50% |
| 5 | GE Vernova Inc | Shares | International Equities | US | 4.71% |
| 6 | Edison Intl | Shares | International Equities | US | 4.48% |
| 7 | NextEra Energy Inc | Shares | International Equities | US | 4.24% |
| 8 | E.ON SE | Shares | International Equities | DE | 4.01% |
| 9 | Ormat Technologies | Shares | International Equities | US | 3.96% |
| 10 | SSE Plc Ord | Shares | International Equities | GB | 3.94% |
Fees
0.45% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 0.45% | $135 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.45% | $135 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2024 | -23.15% | 16.43% |
| 31 March 2025 | -14.71% | 4.58% |
| 31 March 2026 | 85.34% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Dean Anderson | Chief Executive | 7 years, 6 months |
| Helen Skinner | Head of Distribution and Sustainability Strategy | 1 year |
| Kerry Mcintosh | Chairman | 6 years, 9 months |
| Rhea Prasad | Portfolio Manager | 3 years, 4 months |
| Stephen Upton | Chief Operating Officer | 6 years, 9 months |