Funds

Christian KiwiSaver Income Fund

Companies of Concern

This fund has no investments in issues of concern.

Fund Provider Response

Please note that Christian KiwiSaver Scheme has its own ethical policy and independent ethical screening process. This may result in a different view of issues from the issues of concern shown by Mindful Money. In addition, stocks shown by Mindful Money may no longer be held by Christian KiwiSaver Scheme. Please contact us directly with any queries you may have in relation to the stocks shown by Mindful Money. We will be happy to assist you: info@christiankiwisaver.nz

From the Fund Provider

  • About this fund

    About this 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.

    Value $7.86M NZD
    Period of data report 31st March 2024
    Members 400
    Fund started 1st April 2012
    Total annual fund fees 0.8%
    Total performance based fees 0.0%
    Manager's basic fee 0.8%
    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 (4 years, 10 months)
    Previously: Member of Investment Committee (3 years, 3 months)

    Simon Brodie

    Currently: Chief Investment Officer / Investment Consultant (12 years, 11 months)
    Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, None months)

    Manher Sukha

    Currently: Investment Manager (9 years, 10 months)
    Previously: Investor Relations Analyst, NZ Oil and Gas (1 years, 3 months)

    Margaret Bearsley

    Currently: Chief Executive (2 years, 6 months)
    Previously: Chief Executive, NZ Registered Architects Board (1 years, 1 months)

    Andrew Roland Johnson

    Currently: Licensed Independent Trustee (2 years, 8 months)
    Previously: Head of Asset Consulting (NZ), Russell Investments (3 years, 8 months)

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2024.

  • Past Returns

    Past Returns

    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
    2024 3.51% 4.72%
    2023 -0.13% -1.92%
    2022 -1.68% -2.14%
    2021 1.56% 2.54%
    2020 1.64% 1.16%
    2019 2.37% 1.42%
    2018 2.05% 1.84%
    2017 1.53% 2.14%
    2016 2.72% 2.09%
    2015 4.23% 4.06%

    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 31st March 2024.

  • Investments

    Top 10 Investments

    • Pimco Global Bond ESG Fund

      Ireland Int Fixed Interest

      24.31%

    • Legg Mason Brandywine Gofi

      Ireland Int Fixed Interest

      7.16%

    • ANZ Bank Accounts

      New Zealand Cash and Equivalents

      6.78%

    • Pimco Gis Global Bond Fund

      Ireland Int Fixed Interest

      6.45%

    • ASB Term Deposit - 11/07/24

      New Zealand Cash and Equivalents AA-

      1.43%

    • NZ Government Stock - 15/05/31

      New Zealand NZ Fixed Interest AAA

      1.21%

    • Westpac-AUD Bank Account

      New Zealand Cash and Equivalents

      1.18%

    • NZ Government Stock - 15/05/34

      New Zealand NZ Fixed Interest AAA

      1.03%

    • BNZ Term Deposit - 18/07/24

      New Zealand Cash and Equivalents AA-

      1.01%

    • BNZ Term Deposit - 25/06/24

      New Zealand Cash and Equivalents AA-

      1.01%
    Type Target Actual
    Cash and Cash Equivalents 30.0% 32.0%
    New Zealand Fixed Interest 35.0% 30.0%
    International Fixed Interest 35.0% 38.0%
    Australasian Equities 0.0% 0.0%
    International Equities 0.0% 0.0%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.0%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2024.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2024 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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

This fund has no investments in issues of concern.

Fund Provider Response

Please note that Christian KiwiSaver Scheme has its own ethical policy and independent ethical screening process. This may result in a different view of issues from the issues of concern shown by Mindful Money. In addition, stocks shown by Mindful Money may no longer be held by Christian KiwiSaver Scheme. Please contact us directly with any queries you may have in relation to the stocks shown by Mindful Money. We will be happy to assist you: info@christiankiwisaver.nz

About this 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.

Value $7.86M NZD
Period of data report 31st March 2024
Members 400
Fund started 1st April 2012
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.8%
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 (4 years, 10 months)
Previously: Member of Investment Committee (3 years, 3 months)

Simon Brodie

Currently: Chief Investment Officer / Investment Consultant (12 years, 11 months)
Previously: Portfolio Management / Strategy, Tower Asset Management (23 years, None months)

Manher Sukha

Currently: Investment Manager (9 years, 10 months)
Previously: Investor Relations Analyst, NZ Oil and Gas (1 years, 3 months)

Margaret Bearsley

Currently: Chief Executive (2 years, 6 months)
Previously: Chief Executive, NZ Registered Architects Board (1 years, 1 months)

Andrew Roland Johnson

Currently: Licensed Independent Trustee (2 years, 8 months)
Previously: Head of Asset Consulting (NZ), Russell Investments (3 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2024.

Past Returns

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
2024 3.51% 4.72%
2023 -0.13% -1.92%
2022 -1.68% -2.14%
2021 1.56% 2.54%
2020 1.64% 1.16%
2019 2.37% 1.42%
2018 2.05% 1.84%
2017 1.53% 2.14%
2016 2.72% 2.09%
2015 4.23% 4.06%

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 31st March 2024.

Top 10 Investments

  • Pimco Global Bond ESG Fund

    Ireland Int Fixed Interest

    24.31%

  • Legg Mason Brandywine Gofi

    Ireland Int Fixed Interest

    7.16%

  • ANZ Bank Accounts

    New Zealand Cash and Equivalents

    6.78%

  • Pimco Gis Global Bond Fund

    Ireland Int Fixed Interest

    6.45%

  • ASB Term Deposit - 11/07/24

    New Zealand Cash and Equivalents AA-

    1.43%

  • NZ Government Stock - 15/05/31

    New Zealand NZ Fixed Interest AAA

    1.21%

  • Westpac-AUD Bank Account

    New Zealand Cash and Equivalents

    1.18%

  • NZ Government Stock - 15/05/34

    New Zealand NZ Fixed Interest AAA

    1.03%

  • BNZ Term Deposit - 18/07/24

    New Zealand Cash and Equivalents AA-

    1.01%

  • BNZ Term Deposit - 25/06/24

    New Zealand Cash and Equivalents AA-

    1.01%
Type Target Actual
Cash and Cash Equivalents 30.0% 32.0%
New Zealand Fixed Interest 35.0% 30.0%
International Fixed Interest 35.0% 38.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 31st March 2024.

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 31st March 2024 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.