Christian KiwiSaver Income Fund

Join this fund »
Mindful Fund
Type: Conservative fund
Past Returns: *1.99%

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

Annual Fees: 1.0%

Annual fees, including 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.

Show fund checker chart here


Fossil Fuel

Nextera Energy Capital Holdings, Inc. 0.01%
Petrobras Global Finance Bv 0.02%

Weapons

Tobacco

Gambling

Republic Of South Africa Government International Bond 0.03%

Alcohol

Mitchells & Butlers Finance Plc 0.02%

GMOs

Human Rights & Environmental Violations

Sempra Energy 0.06%

Animal Testing

Kraft Heinz Foods Co. 0.024%
Danone S.A. 0.039%
Tesco Property Finance Plc 0.013%
Reckitt Benckiser Treasury Services 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 DD MONTH YYYY 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 it's details.

Number FND957
Name Christian KiwiSaver Income Fund
Risk profile Conservative fund
Description The Income 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.
Value $6.2M NZD
Members 392
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.
Disclosure Statement Period Sun March 31st 2019
Fund started Sun April 1st 2012
Three-year average return *1.99%
Market index past year return 4.26%
Past year return net charges and tax 1.42%
Past year return net of charges gross of tax 2.0%
Market index return since fund started 4.38%
Return since fund started net 2.41%
Total annual fund fees 1.0%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

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.

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
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 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
    26.15%
  • Legg Mason Brandywine Gofi
    Ireland International Fixed Interest
    8.17%
  • Pimco Gis Global Bond Fund
    Ireland International Fixed Interest
    7.6%
  • ASB Term Deposit - 18/04/19
    New Zealand Cash and Cash Equivalents AA-
    1.61%
  • BNZ Term Deposit - 15/05/19
    New Zealand Cash and Cash Equivalents AA-
    1.6%
  • ASB Term Deposit - 18/07/19
    New Zealand Cash and Cash Equivalents AA-
    1.6%
  • ASB Term Deposit - 05/12/19
    New Zealand Cash and Cash Equivalents AA-
    1.58%
  • ANZ/Udc-NZD Bank Account(S)
    New Zealand Cash and Cash Equivalents
    1.22%
  • NZ Government Inflation Index Bond
    New Zealand NZ Fixed Interest AA+
    1.08%
  • ASB Term Deposit - 22/05/19
    New Zealand Cash and Cash Equivalents AA-
    1.07%

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 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%
Unknown None% 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 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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.03%
  • Animal Testing:
    0.27%
  • Fossil Fuels:
    0.10%
  • Gambling:
    0.04%
  • GMOs:
    0.01%
  • Human Rights & Environmental Violations:
    0.06%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.01%

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.

In their own words: "The Income 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."

Download the fund's disclosure statement and portfolio holdings.

Latest news

You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.