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Christian KiwiSaver Balanced Fund

In their own words: "The Balanced Fund has moderate exposures to both growth assets (such as equities and alternative assets) and income assets (such as fixed interest, mortgages and cash). It is designed to have a medium risk profile and to appeal to members willing to accept medium risk to pursue long term growth."

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Mindful Fund
Type: Balanced fund
Past Returns: 5.71%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.5%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND931
Name Christian KiwiSaver Balanced Fund
Risk profile Balanced fund
Description The Balanced Fund has moderate exposures to both growth assets (such as equities and alternative assets) and income assets (such as fixed interest, mortgages and cash). It is designed to have a medium risk profile and to appeal to members willing to accept medium risk to pursue long term growth.
Value $30M NZD
Members 1,421
Market index description The market index annual return is based on a composite index comprising a mix of benchmark indices. More information on the benchmark indices used for each asset class is contained in the Statement of Investment Policies and Objectives (SIPO) for the Christian KiwiSaver Scheme. A copy of the SIPO is available from www.christiankiwisaver.nz/documents or on the offer register at the Companies Office www.disclose-register.companiesoffice.govt.nz/ under Christian KiwiSaver Scheme.
Disclosure Statement Period Sun March 31st 2019
Fund started Fri July 20th 2007
Three-year average return 5.71%
Market index past year return 8.54%
Past year return net charges and tax 6.34%
Past year return net of charges gross of tax 6.53%
Market index return since fund started 8.99%
Return since fund started net 5.96%
Total annual fund fees 1.5%
Total performance based fees 0.0%
Manager's basic fee 1.5%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 5.68% 6.34%
2018 5.63% 3.6%
2017 6.10% 7.19%
2016 4.01% 3.25%
2015 11.09% 8.45%
2014 7.28% 4.88%
2013 10.75% 8.3%
2012 1.75% -1.2%
2011 5.30% 5.45%
2010 16.19% 14.0%

The market index is the average NZ KiwiSaver 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 KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • Pimco Global Bond Esg Fund
    Ireland International Fixed Interest
    14.08%
  • Legg Mason Brandywine Gofi
    Ireland International Fixed Interest
    4.4%
  • Pimco Gis Global Bond Fund
    Ireland International Fixed Interest
    4.09%
  • Crown Global Opportunities Vi Fund
    United States Other
    1.57%
  • Forestry Including Carbon Credits
    New Zealand Other
    1.41%
  • ASB Term Deposit - 18/04/18
    New Zealand Cash and Cash Equivalents AA-
    0.87%
  • BNZ Term Deposit - 15/05/19
    New Zealand Cash and Cash Equivalents AA-
    0.87%
  • ASB Term Deposit - 18/07/19
    New Zealand Cash and Cash Equivalents AA-
    0.86%
  • ASB Term Deposit - 05/12/19
    New Zealand Cash and Cash Equivalents AA-
    0.85%
  • Apple Computer
    United States International Equities
    0.77%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 16.18%
New Zealand Fixed Interest 20.0% 16.8%
International Fixed Interest 20.0% 22.6%
Australasian Equities 15.0% 12.81%
International Equities 30.0% 27.2%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 5.0% 4.41%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Garry Gould

    Currently: Investment Manager (7 years, 11 months)
    Previously: Investment Consultant to The New Zealand Anglican Church Pension Board (21 years, None months)

  • Ian Millard Qc

    Currently: Chair of Investment Committee (32 years, 3 months)
    Previously: (None years, None months)

  • Manher Sukha

    Currently: Investment Manager (4 years, 10 months)
    Previously: (None years, None months)

  • Mark Wilcox

    Currently: Chief Executive (5 years, 5 months)
    Previously: Chief Financial Officer, The Co-operative Bank (4 years, None months)

  • Simon Brodie

    Currently: Chief Investment Officer / Investment Consultant (7 years, 11 months)
    Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.80%
  • Animal Testing:
    2.65%
  • Fossil Fuels:
    2.39%
  • Gambling:
    0.02%
  • GMOs:
    0.63%
  • Human Rights & Environmental Violations:
    1.37%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Anadarko Petroleum Corp 0.02%
BHP Billiton Ltd (Australia) 0.51%
BHP Billiton Ltd Adr 0.19%
Devon Energy Corp 0.03%
Enbridge Inc 0.34%
Encana Corp 0.01%
Galp Energia 0.17%
Hess Corp 0.08%
Lundin Petroleum Ab 0.10%
Murphy Oil Corp 0.02%
Noble Energy Inc 0.03%
Occidental Petroleum Corp 0.02%
Oil Search Ltd 0.06%
Origin Energy 0.15%
Phillips 66 0.02%
Total Sa 0.25%
Transcanada Corp 0.14%
Woodside Petroleum 0.15%
Petrobras Global Finance Bv 0.01%

Tobacco

Gambling

Alcohol

Delegats Group 0.55%
Pernod Ricard Sa 0.24%

GMOs

Basf Se 0.18%
Bayer Ag 0.11%
Novartis Ag Adr 0.33%

Human Rights & Environmental Violations

BHP Billiton Ltd (Australia) 0.51%
BHP Billiton Ltd Adr 0.19%
Johnson & Johnson 0.31%
Nestle Sa 0.33%
Sempra Energy 0.03%

Animal Testing

Basf Se 0.180%
Bayer Ag 0.110%
Coca Cola 0.250%
Glaxosmithkline Plc Adr 0.220%
Johnson & Johnson 0.310%
L'Oreal 0.180%
Nestle Sa 0.330%
Pepsico 0.330%
Procter & Gamble 0.260%
Reckitt Benckiser Group 0.150%
Unilever Nv 0.170%
Kraft Heinz Foods Co. 0.012%
Danone S.A. 0.021%
Tesco Property Finance Plc 0.012%

Download the fund's disclosure statement and portfolio holdings.

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