Christian KiwiSaver Balanced Fund

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Fund type: Balanced fund

Past Returns: 6.81%

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

Annual Fees: 1.43%

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 Billiton Ltd (Australia) 0.45%
BHP Billiton Ltd Adr 0.20%
Coca Cola 0.20%
Enbridge Inc 0.29%
Galp Energia 0.09%
Hess Corp 0.09%
Lundin Energy Ab 0.09%
Neste Oil 0.15%
Occidental Petroleum Corp 0.01%
Oil Search Ltd 0.03%
Origin Energy 0.12%
Phillips 66 0.01%
Total SA 0.15%
Washington H Soul Pattinson and Company 0.25%
Woodside Petroleum 0.12%

Alcohol

Delegats Group 0.34%
Foley Wines 0.05%

Human Rights & Environmental Violations

BHP Billiton Ltd (Australia) 0.45%
BHP Billiton Ltd Adr 0.20%
Bayer AG 0.07%
Johnson & Johnson 0.28%
Nestle SA 0.32%
Rio Tinto 0.68%

Animal Testing

Albemarle Corp 0.02%
Basf Se 0.16%
Bayer AG 0.07%
Coca Cola 0.20%
Glaxosmithkline PLC Adr 0.14%
Johnson & Johnson 0.28%
L'Oreal 0.22%
Linde PLC EUR 0.41%
Nestle SA 0.32%
Pepsico 0.30%
Procter & Gamble 0.27%
Reckitt Benckiser Group 0.12%
Tesco Corporate Treasury Services PLC 0.06%
Unilever PLC 0.13%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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
2021 16.64% 14.08%
2020 -1.20% 0.02%
2019 5.69% 6.34%
2018 5.19% 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%
2012 1.75% -1.2%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Pimco Global Bond ESG Fund
    Ireland Int Fixed Interest
    13.38%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    4.17%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    3.89%
  • ANZ/Udc-NZD Bank Account(S)
    New Zealand Cash and Equivalents
    3.34%
  • Crown Global Opportunities Vi PLC Fund
    Ireland Other
    2.19%
  • Hapua Forest Land and Units
    New Zealand Other
    1.78%
  • Apple Computer
    United States International Equities
    1.49%
  • Microsoft
    United States International Equities
    1.06%
  • Crown Global Opportunities Vii PLC
    Ireland Other
    0.87%
  • Direct Capital V Lp
    New Zealand Other
    0.84%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 10.0% 19.56%
New Zealand Fixed Interest 20.0% 13.59%
International Fixed Interest 20.0% 21.47%
Australasian Equities 15.0% 12.45%
International Equities 30.0% 26.03%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 5.0% 6.9%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

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).

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:
    0.39%
  • Animal Testing:
    2.72%
  • Fossil Fuels:
    2.25%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.00%
  • 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 Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 $42M NZD
Period of data report Wed March 31st 2021
Members 1,533
Fund started Fri July 20th 2007
Total annual fund fees 1.43%
Total performance based fees 0.0%
Manager's basic fee 1.43%
Other management and administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Simon Brodie

Currently: Licensed Independent Trustee (5 years, 1 months)
Previously: Independent Trustee (2 years, 6 months)

Brendan O'Donovan

Currently: Chair of Investment Committee (1 years, 10 months)
Previously: Member of Investment Committee (3 years, 3 months)

Manher Sukha

Currently: Investment Manager (6 years, 10 months)
Previously: (None years, None months)

Margaret Bearsley

Currently: Chief Executive (0 years, 1 months)
Previously: (None years, None months)

Andrew Johnson

Currently: Investment Committee (3 years, 3 months)
Previously: (None years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

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.