Christian KiwiSaver Balanced Fund

Mindful Fund

Type: Balanced fund

Past Returns: 3.32%

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 any 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.

Fossil Fuel

Apache Corp 4.7500% Mat 04/15/2043 0.02%
Basf Se 0.14%
BHP Billiton Ltd (Australia) 0.40%
BHP Billiton Ltd Adr 0.18%
Cms Energy Corp 0.27%
Coca Cola 0.22%
Devon Energy Corp 0.01%
Dominion Energy Gas Holdings Llc 0.02%
Dte Energy Company 0.23%
Enbridge Inc 0.27%
Enbridge, Inc. 0.01%
Enel Finance International Nv 0.06%
Exxon Mobil Corporation 3.4520% Mat 04/15/2051 0.03%
Galp Energia 0.09%
Hess Corp 0.06%
Hess Corp 5.60Pct Maturing 15/ 5.6000% Mat 02/15/2041 0.01%
Iberdrola SA 0.35%
Lundin Energy Ab 0.06%
Neste Oil 0.18%
Nextera Energy Capital Holdings, Inc. 0.05%
Noble Energy Inc 0.01%
Occidental Petroleum Corp 4.4000% Mat 04/15/2046 0.01%
Oil Search Ltd 0.02%
Origin Energy 0.12%
Petrobras Global Finance 6.75P 6.7500% Mat 12/03/2049 0.03%
Petrobras Global Finance Bv 0.01%
Petroleos Mexicanos (144A) 7.6900% Mat 01/23/2050 0.05%
Phillips 66 0.01%
Rio Tinto 0.65%
Total Capital Intl SA 3.127Pct 3.1270% Mat 11/29/2049 0.02%
Total SA 0.13%
Woodside Petroleum 0.10%
Xcel Energy Inc 0.32%

Weapons

Boeing Co 3.9500% Mat 08/01/2059 0.01%
The Boeing Company 5.7050% Mat 05/01/2040 0.01%
The Boeing Company 5.8050% Mat 05/01/2050 0.02%
The Boeing Company 5.9300% Mat 05/01/2060 0.01%

Gambling

Alcohol

Anheuser Busch Inbev Wor 4.60P 4.6000% Mat 12/01/2059 0.01%
Anheuser-Busch Inbev Worldwide Inc. 4.5000% Mat 06/01/2050 0.04%
Delegats Group 0.44%
Foley Wines 0.05%
Metcash Limited 0.17%
Pernod Ricard SA 0.19%

Human Rights & Environmental Violations

BHP Billiton Ltd (Australia) 0.40%
BHP Billiton Ltd Adr 0.18%
Johnson & Johnson 0.30%
Nestle SA 0.40%
Rio Tinto 0.65%
Sempra Energy 0.02%

Animal Testing

Basf Se 0.140%
Bayer AG 0.090%
Coca Cola 0.220%
Danone S.A. 0.010%
Glaxosmithkline PLC Adr 0.180%
Johnson & Johnson 0.300%
L'Oreal 0.220%
Linde PLC EUR 0.410%
Nestle SA 0.400%
Pepsico 0.350%
Procter & Gamble 0.330%
Reckitt Benckiser Group 0.160%
Reckitt Benckiser Treasury Services PLC 0.020%
Tesco Corporate Treasury Services PLC 0.020%
Unilever Nv 0.160%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue March 31st 2020 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.

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
2020	-1.89%	0.02%
2019	5.68%	6.34%
2018	5.63%	3.6%
2017	6.10%	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%
2011	5.30%	5.45%

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 Tue March 31st 2020.

Showing the top 10 investments for this fund:

Pimco Global Bond Esg Fund
Ireland Int Fixed Interest

14.74%
Pimco Gis Global Bond Fund
Ireland Int Fixed Interest

4.28%
Legg Mason Brandywine Gofi
Ireland Int Fixed Interest

4.19%
Crown Global Opportunities Vi PLC Fund
Ireland Other

2.61%
Hapua Forest and Land
New Zealand Other

1.76%
Apple Computer
United States International Equities

1.06%
Microsoft
United States International Equities

0.98%
ANZ/Udc-NZD Bank Account(S)
New Zealand Cash and Equivalents AA-

0.93%
Fisher & Paykel Healthcare
New Zealand Australasian Equities

0.9%
ASB Term Deposit - 17/04/20
New Zealand Cash and Equivalents AA-

0.82%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Tue March 31st 2020.

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

Target

Actual

Type	Target	Actual
Cash and Cash Equivalents	10.0%	19.15%
New Zealand Fixed Interest	20.0%	16.56%
International Fixed Interest	20.0%	23.22%
Australasian Equities	15.0%	11.03%
International Equities	30.0%	23.79%
Listed Properties	0.0%	0.0%
Unlisted Properties	0.0%	0.0%
Other	5.0%	6.25%
Commodities	0.0%	0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.

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:

0.91%
Animal Testing:

3.05%
Fossil Fuels:

4.22%
Gambling:

0.01%
GMOs:

0.00%
Human Rights & Environmental Violations:

1.95%
Palm Oil:

0.00%
Tobacco:

0.00%
Weapons:

0.06%

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 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. Here at Christian KiwiSaver Scheme, we’re about delivering great returns but we believe that how a return is made is important too. Our Scheme is built on universally accepted Christian values which underpin our ethical investment policy and shape how we manage your money. Under the policy, we are positive investors, informed first by a desire to support and encourage what is good in God’s eyes."

Value	$33M NZD
Period of data report	Tue March 31st 2020
Members	1,489
Fund started	Fri July 20th 2007
Total annual fund fees	1.35%
Total performance based fees	0.0%
Manager's basic fee	1.35%
Administration charges	0.0%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Simon Brodie	Currently: Licensed Independent Trustee (4 years, 1 months) Previously: Independent Trustee (2 years, 6 months)
Brendan O'Donovan	Currently: Chair of Investment Committee (0 years, 10 months) Previously: Member of Investment Committee (3 years, 3 months)
Manher Sukha	Currently: Investment Manager (5 years, 10 months) Previously: (None years, None months)
Garry Gould	Currently: Investment Manager (8 years, 11 months) Previously: Investment Consultant to The New Zealand Anglican Church Pension Board (21 years, None months)
Mark Wilcox	Currently: Chief Executive (6 years, 5 months) Previously: Chief Financial Officer The Co-operative Bank (4 years, None months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue March 31st 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.