The New Zealand Anglican Church Pension Board
Balanced Fund
Christian KiwiSaver SchemeBalanced
What the provider says about this fund
The Balanced Fund has a similar level of exposures to both growth assets (principally equities but also alternative assets comprising forests, forest land, smart energy and private equity) and income assets (fixed interest, mortgages and cash). It is designed to have a medium risk profile and to appeal to investors willing to accept medium risk to pursue long term growth.
1-year return
5.63%
5-year return p.a.
4.84%
Total annual fee
1.35%
Fund size ($m)
60.2
Members
1,488
Inception date
20 July 2007
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
49.72%
Income assets
50.28%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 12.53% | 15.00% | 13.93% |
| Cash and equivalents | 13.11% | 10.00% | 7.91% |
| International bonds | 20.51% | 20.00% | 19.39% |
| International shares | 26.34% | 30.00% | 35.53% |
| New Zealand bonds | 16.66% | 20.00% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Pimco Global Bond ESG Fund | Bonds | International Fixed Interest | IE | 9.99% |
| 2 | Pimco GIS Global Bond Fund | Bonds | International Fixed Interest | IE | 6.78% |
| 3 | Legg Mason Brandywine GOFI | Bonds | International Fixed Interest | IE | 3.74% |
| 4 | ANZ-Bank Accounts | Cash | Cash and Cash Equivalents | NZ | 3.26% |
| 5 | Hawkes Bay Forest and Land | Other | Other | NZ | 2.69% |
| 6 | Apple Computer | Shares | International Equities | US | 2.41% |
| 7 | Crown Global Opportunities VII plc | Other | Other | IE | 2.29% |
| 8 | Crown Global Opportunities VI plc Fund | Other | Other | IE | 1.33% |
| 9 | Microsoft | Shares | International Equities | US | 1.30% |
| 10 | Robecosam Smart Energy Equities Fund | Other | Other | LU | 1.15% |
Fees
1.35% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.35% | $405 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.35% | $405 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2017 | 7.19% | 6.00% |
| 31 March 2018 | 3.60% | 5.23% |
| 31 March 2019 | 6.34% | 5.82% |
| 31 March 2020 | 0.02% | -1.40% |
| 31 March 2021 | 14.08% | 18.18% |
| 31 March 2022 | 3.93% | 0.77% |
| 31 March 2023 | -1.14% | -2.77% |
| 31 March 2024 | 9.39% | 10.89% |
| 31 March 2025 | 6.70% | 4.36% |
| 31 March 2026 | 5.63% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Lawrence Kimberley | Chair of New Zealand Anglican Church Pension Board | 12 years, 3 months |
| Manher Sukha | Investment Manager | 11 years, 10 months |
| Margaret Bearsley | Chief Executive | 4 years, 6 months |
| Michelle Forster | Licensed Independent Trustee | 6 months |
| Simon Brodie | Chief Investment Officer / Investment Consultant | 14 years, 11 months |