Christian KiwiSaver Income Fund

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Fund type: Defensive fund

Past Returns: 1.71%

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

Annual Fees: 0.9%

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.


Alcohol

Animal Testing

Danone S.A. 0.02%
Reckitt Benckiser Treasury Services PLC 0.01%
Tesco Corporate Treasury Services PLC 0.11%
Tesco Property Finance PLC 0.01%

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 1.53% 2.54%
2020 1.60% 1.16%
2019 2.29% 1.42%
2018 2.00% 1.84%
2017 1.53% 2.14%
2016 2.72% 2.09%
2015 4.23% 4.06%
2014 2.00% 1.3%
2013 3.15% 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Pimco Global Bond ESG Fund
    Ireland Int Fixed Interest
    26.15%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    8.14%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    7.6%
  • ANZ/Udc- NZD Bank Account(S)
    New Zealand Cash and Equivalents
    5.12%
  • A Mortgage Customer
    New Zealand NZ Fixed Interest
    1.2%
  • ASB Term Deposit - 05/05/21
    New Zealand Cash and Equivalents AA-
    1.19%
  • ASB Term Deposit - 11/10/21
    New Zealand Cash and Equivalents AA-
    1.11%
  • NZ Government Stock- 15/04/27
    New Zealand NZ Fixed Interest AA+
    1.09%
  • Local Government Funding Agency - 15/04/24
    New Zealand NZ Fixed Interest AA+
    0.95%
  • NZ Government Inflation Index Bond - 20/09/25
    New Zealand NZ Fixed Interest AA+
    0.91%

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 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%
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 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:
    0.01%
  • Animal Testing:
    0.15%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • 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 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 $7.8M NZD
Period of data report Wed March 31st 2021
Members 435
Fund started Sun April 1st 2012
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.9%
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.

Latest news

You should be prudent about your investment.

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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.