Christian KiwiSaver Scheme
Christian KiwiSaver Income Fund

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."

At a glance:

Mindful Fund
Type: Conservative fund
Past Returns: 2.02%

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.

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More information:

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 2.02%
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 June 2019.

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

Year Market Index 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 June 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 June 2019.

How the money in this fund is invested.

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 June 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 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.80%
  • Animal Testing:
    2.63%
  • Fossil Fuels:
    2.33%
  • Gambling:
    0.00%
  • GMOs:
    0.62%
  • Human Rights & Environmental Violations:
    1.71%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. 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.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. 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.

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.

Download the fund's disclosure statement and portfolio holdings.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. 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.