Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
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 |
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 |
|---|---|---|
| 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 Interest26.15% -
Legg Mason Brandywine Gofi
Ireland International Fixed Interest8.17% -
Pimco Gis Global Bond Fund
Ireland International Fixed Interest7.6% -
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 Equivalents1.22% -
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.
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 concernIs it excluded?Portfolio analysis
-
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
Specific companies invested in:
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%
Download the fund's disclosure statement and portfolio holdings.
