Christian KiwiSaver Balanced Fund

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Fund type: Balanced fund

Past Returns: 6.00%

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

Annual Fees: 1.35%

Annual fees, including management and administration fees, but not membership 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

BHP Group Limited 0.63%
Enbridge Inc 0.35%
Washington H Soul Pattinson and Company 0.26%
BHP Billiton Ltd Adr 0.21%
National Grid 0.17%
Hess Corp 0.14%
Lundin Energy Ab 0.11%
Galp Energia 0.10%
Woodside Petroleum 0.10%
Origin Energy 0.08%
New Fortress Energy Inc 6.7500% Mat 09/15/2025 0.04%
Santos Limited 0.03%
Occidental Petroleum Corp 0.02%
Geopark L 5.5% 01/17/27 0.01%
Phillips 66 0.01%

Weapons

Viasat In 5.625% 04/15/27 0.03%

Tobacco

Schweitzer-Mauduit Internation 6.8750% Mat 10/01/2026 0.01%

Alcohol

Delegats Group 0.25%
Foley Wines 0.04%

Human Rights & Environmental Violations

BHP Group Limited 0.63%
Rio Tinto 0.61%
Nestle SA 0.35%
Johnson & Johnson 0.29%
BHP Billiton Ltd Adr 0.21%
Bayer AG 0.08%
Credit Suisse AG 0.05%
Credit Suisse Group AG 0.04%
Teva Pharmaceutical Finance Ne 2.8000% Mat 07/21/2023 0.02%
Teva Pharmaceutical Finance Netherlands 3.1500% Mat 10/01/2026 0.02%

Animal Testing

Linde PLC EUR 0.44%
Nestle SA 0.35%
Pepsico 0.34%
Johnson & Johnson 0.29%
Procter & Gamble 0.29%
Coca Cola 0.22%
L'Oreal 0.22%
Glaxosmithkline PLC Adr 0.17%
Basf Se 0.10%
Reckitt Benckiser Group 0.10%
Unilever PLC 0.10%
Bayer AG 0.08%
Tesco Corporate Treasury Services PLC 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

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
2022 0.35% 3.89%
2021 16.60% 14.08%
2020 -1.09% 0.02%
2019 5.56% 6.34%
2018 5.28% 3.6%
2017 5.86% 7.19%
2016 4.01% 3.25%
2015 11.09% 8.45%
2014 7.28% 4.88%
2013 10.75% 8.3%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Pimco Global Bond ESG Fund
    Ireland Int Fixed Interest
    15.72%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    4.92%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    4.13%
  • Crown Global Opportunities Vi PLC Fund
    Ireland Other
    2.61%
  • Hawkes Bay Forest, Land, Units
    New Zealand Other
    2.44%
  • Apple Computer
    United States Int Fixed Interest
    2.35%
  • ANZ-NZD Bank Account(S)
    New Zealand Cash and Equivalents
    1.7%
  • Microsoft
    United States International Equities
    1.54%
  • Crown Global Opportunities Vii PLC
    Ireland Other
    1.23%
  • Amazon.Com Inc
    United States International Equities
    0.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 15.67%
New Zealand Fixed Interest 20.0% 14.42%
International Fixed Interest 20.0% 21.43%
Australasian Equities 15.0% 13.48%
International Equities 30.0% 27.63%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 5.0% 7.37%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.29%
  • Animal Testing:
    2.75%
  • Fossil Fuels:
    2.27%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.29%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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."

Value $50M NZD
Period of data report Thu March 31st 2022
Members 1,589
Fund started Fri July 20th 2007
Total annual fund fees 1.35%
Total performance based fees 0.0%
Manager's basic fee 1.35%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Brendan O'Donovan

Currently: Chair of Investment Committee (2 years, 10 months)
Previously: Member of Investment Committee (3 years, 3 months)

Simon Brodie

Currently: Chief Investment Officer / Investment Consultant (10 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, 3 months)

Manher Sukha

Currently: Investment Manager (7 years, 10 months)
Previously: Investor Relations Analyst, NZ Oil and Gas (1 years, 8 months)

Andrew Johnson

Currently: Licensed Independent Trustee (0 years, 8 months)
Previously: Head of Asset Consulting (NZ), Russell Investments (3 years, 1 months)

Margaret Bearsley

Currently: Chief Executive (0 years, 6 months)
Previously: Chief Executive, NZ Registered Architects Board (1 years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.