Christian KiwiSaver Income Fund

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Mindful Fund
Type: Defensive fund
Past Returns: 1.47%

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

Annual Fees: 0.8%

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 4.2500% Mat 01/15/2044 0.01%
Apache Corp 4.7500% Mat 04/15/2043 0.03%
Apache Corp 5.3500% Mat 07/01/2049 0.01%
Dominion Energy Gas Holdings Llc 0.04%
Enbridge, Inc. 0.02%
Enel Finance International Nv 0.12%
Exxon Mobil Corporation 3.4520% Mat 04/15/2051 0.05%
Hess Corp 5.60Pct Maturing 15/ 5.6000% Mat 02/15/2041 0.02%
Hess Corp 5.80Pct Mat 01/04/47 5.8000% 0.01%
Nextera Energy Capital Holdings, Inc. 0.11%
Occidental Petroleum Corp 4.4000% Mat 04/15/2046 0.03%
Occidental Petroleum Corp 4.4000% Mat 08/15/2049 0.01%
Petrobras Global Finance 6.75P 6.7500% Mat 12/03/2049 0.05%
Petrobras Global Finance Bv 0.03%
Petroleos Mexicanos (144A) 7.6900% Mat 01/23/2050 0.08%
Petroleos Mexicanos 6.7500% Mat 09/21/2047 0.02%
Total Capital Intl SA 3.127Pct 3.1270% Mat 11/29/2049 0.04%

Weapons

Boeing Co 3.9500% Mat 08/01/2059 0.02%
General Dynamics Corp 4.2500% Mat 04/01/2040 0.01%
The Boeing Company 5.7050% Mat 05/01/2040 0.02%
The Boeing Company 5.8050% Mat 05/01/2050 0.03%
The Boeing Company 5.9300% Mat 05/01/2060 0.02%

Tobacco

Gambling

Alcohol

Anheuser Busch Inbev Wor 4.60P 4.6000% Mat 12/01/2059 0.02%
Anheuser-Busch Inbev Worldwide Inc. 4.5000% Mat 06/01/2050 0.08%

Human Rights & Environmental Violations

Sempra Energy 0.03%

Animal Testing

Danone S.A. 0.020%
Reckitt Benckiser Treasury Services PLC 0.050%
Tesco Corporate Treasury Services PLC 0.040%

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 1.56% 1.16%
2019 2.36% 1.42%
2018 2.10% 1.84%
2017 1.65% 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 Tue March 31st 2020.

Showing the top 10 investments for this fund:

  • Pimco Global Bond Esg Fund
    Ireland Int Fixed Interest
    26.62%
  • Pimco Gis Global Bond Fund
    Ireland Int Fixed Interest
    7.73%
  • Legg Mason Brandywine Gofi
    Ireland Int Fixed Interest
    7.56%
  • ANZ/Udc-NZD Bank Account(S)
    New Zealand Cash and Equivalents AA-
    1.46%
  • ASB Term Deposit - 17/04/20
    New Zealand Cash and Equivalents AA-
    1.29%
  • ASB Term Deposit - 05/10/20
    New Zealand Cash and Equivalents AA-
    1.27%
  • ASB Term Deposit - 11/08/20
    New Zealand Cash and Equivalents AA-
    1.19%
  • NZ Government Inflation Index Bond - 20/09/25
    New Zealand NZ Fixed Interest AA+
    1.15%
  • Local Government Funding Agency - 15/04/24
    New Zealand NZ Fixed Interest AA+
    0.91%
  • Auckland Council - 10/07/25
    New Zealand Cash and Equivalents AA
    0.89%

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 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 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:
    0.11%
  • Animal Testing:
    0.18%
  • Fossil Fuels:
    0.74%
  • Gambling:
    0.01%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.04%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.01%
  • Weapons:
    0.10%

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.

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 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. 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 $6.8M NZD
Period of data report Tue March 31st 2020
Members 418
Fund started Sun April 1st 2012
Total annual fund fees 0.8%
Total performance based fees 0.0%
Manager's basic fee 0.8%
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.

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Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

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.