Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including any membership and % management fee.
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Fossil Fuel
Nextera Energy Capital Holdings, Inc. 0.03%
Dominion Energy Gas Holdings Llc 0.02%
Gambling
South Africa Government International Bond 0.02%
Alcohol
Human Rights & Environmental Violations
Sempra Energy 0.01%
Animal Testing
Danone S.A. 0.010%
Kraft Heinz Foods Co. 0.020%
Tesco Property Finance Plc 0.010%
This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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.
A summary of this fund and its details.
| Number | FND957 |
| Name | Christian KiwiSaver Income Fund |
| Risk profile | Conservative fund |
| Description | The Fund invests solely in income assets (fixed interest, mortgages and cash). It is designed to have a low risk profile and to appeal to investors close to retirement (who consider they may not have enough time to ride out investment highs or lows) or are more risk averse. Here at Christian KiwiSaver Scheme, we’re about delivering great returns but we believe that how a return is made is important too. Our Scheme is built on universally accepted Christian values which underpin our ethical investment policy and shape how we manage your money. Under the policy, we are positive investors, informed first by a desire to support and encourage what is good in God’s eyes. |
| Value | $6.8M NZD |
| Members | 418 |
| 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 which 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. |
| Period of data report | Tue March 31st 2020 |
| Fund started | Sun April 1st 2012 |
| Three-year average return | 1.47% |
| Market index past year return | 4.11% |
| Past year return net of charges and tax | 1.16% |
| Past year return net of charges gross of tax | 1.65% |
| Market index return since fund started | 4.35% |
| Return since fund started net | 2.25% |
| Total annual fund fees | 1.1% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.1% |
| Administration charges | 0.0% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
-
Brendan O'Donovan
Currently: Chair of Investment Committee (0 years, 10 months)
Previously: Member, Investment Committee (3 years, 3 months) -
Brendan O'Donovan
Currently: Chair of Investment Committee (0 years, 10 months)
Previously: Member, Investment Committee (3 years, 3 months) -
Brendan O'Donovan
Currently: Chair of Investment Committee (0 years, 10 months)
Previously: Member, Investment Committee (3 years, 3 months) -
Garry Gould
Currently: Investment Manager (8 years, 11 months)
Previously: Investment Consultant to The New Zealand Anglican Church Pension Board (21 years, 0 months) -
Garry Gould
Currently: Investment Manager (8 years, 11 months)
Previously: Investment Consultant to The New Zealand Anglican Church Pension Board (21 years, 0 months) -
Garry Gould
Currently: Investment Manager (8 years, 11 months)
Previously: Investment Consultant to The New Zealand Anglican Church Pension Board (21 years, 0 months) -
Manher Sukha
Currently: Investment Manager (5 years, 10 months)
Previously: (0 years, 0 months) -
Manher Sukha
Currently: Investment Manager (5 years, 10 months)
Previously: (0 years, 0 months) -
Manher Sukha
Currently: Investment Manager (5 years, 10 months)
Previously: (0 years, 0 months) -
Mark Wilcox
Currently: Chief Executive (6 years, 5 months)
Previously: Chief Financial Officer, The Co-operative Bank (4 years, 0 months) -
Mark Wilcox
Currently: Chief Executive (6 years, 5 months)
Previously: Chief Financial Officer, The Co-operative Bank (4 years, 0 months) -
Mark Wilcox
Currently: Chief Executive (6 years, 5 months)
Previously: Chief Financial Officer, The Co-operative Bank (4 years, 0 months) -
Simon Brodie
Currently: Chief Investment Officer / Investment Consultant (8 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, 0 months) -
Simon Brodie
Currently: Chief Investment Officer / Investment Consultant (8 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, 0 months) -
Simon Brodie
Currently: Chief Investment Officer / Investment Consultant (8 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, 0 months)
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.
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 |
|---|---|---|
| 2020 | 1.07% | 1.16% |
| 2019 | 4.40% | 1.42% |
| 2018 | 3.80% | 1.84% |
| 2017 | 4.16% | 2.14% |
| 2016 | 3.52% | 2.09% |
| 2015 | 8.10% | 4.06% |
| 2014 | 3.88% | 1.3% |
| 2013 | 6.92% | 4.06% |
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 KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.
Showing the top 10 investments for this fund:
-
Pimco Global Bond Esg Fund
Ireland Int Fixed Interest26.62% -
Pimco Gis Global Bond Fund
Ireland Int Fixed Interest7.73% -
Legg Mason Brandywine Gofi
Ireland Int Fixed Interest7.56% -
ANZ/Udc-NZD Bank Account(S)
New Zealand Cash and Cash Equivalents AA-1.46% -
ASB Term Deposit - 17/04/20
New Zealand Cash and Cash Equivalents AA-1.29% -
ASB Term Deposit - 05/10/20
New Zealand Cash and Cash Equivalents AA-1.27% -
ASB Term Deposit - 11/08/20
New Zealand Cash and Cash Equivalents AA-1.19% -
NZ Government Inflation Index Bond-20
New Zealand NZ Fixed Interest AA+1.15% -
Local Govt Funding Agency – 15/04/24
New Zealand NZ Fixed Interest AA+0.91% -
Auckland Council - 10/07/20
New Zealand Cash and Cash Equivalents AA0.89%
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .
How the money in this fund is invested against the fund's targets.
Target
Actual
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 30.0% | 30.0% |
| New Zealand Fixed Interest | 35.0% | 28.0% |
| International Fixed Interest | 35.0% | 42.0% |
| 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% |
This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2020 .
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 concernDoes this fund say it excludes this?Actual holdings
-
Adult Entertainment/Pornography:0.00%
-
Alcohol:0.02%
-
Animal Testing:0.17%
-
Fossil Fuels:0.21%
-
Gambling:0.02%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:0.06%
-
Palm Oil:0.00%
-
Tobacco:0.00%
-
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 Tue March 31st 2020 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.
In their own words: "The Fund invests solely in income assets (fixed interest, mortgages and cash). It is designed to have a low risk profile and to appeal to investors close to retirement (who consider they may not have enough time to ride out investment highs or lows) or are more risk averse. Here at Christian KiwiSaver Scheme, we’re about delivering great returns but we believe that how a return is made is important too. Our Scheme is built on universally accepted Christian values which underpin our ethical investment policy and shape how we manage your money. Under the policy, we are positive investors, informed first by a desire to support and encourage what is good in God’s eyes."
Download the fund's disclosure statement and portfolio holdings.
