The New Zealand Anglican Church Pension Board
Growth Fund
Christian KiwiSaver SchemeGrowth
What the provider says about this fund
The Fund invests mainly in growth assets such as equities and alternative assets (comprising forests, forest land, smart energy and private equity). It has a small exposure to fixed interest, mortgages and cash. It is designed to have a medium to high risk profile and to appeal to investors with a long term investment horizon.
1-year return
7.56%
5-year return p.a.
6.88%
Total annual fee
1.50%
Fund size ($m)
41.4
Members
950
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
74.82%
Income assets
25.18%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 19.33% | 25.00% | 20.20% |
| Cash and equivalents | 6.31% | 5.00% | 6.14% |
| International bonds | 10.01% | 10.00% | 8.75% |
| International shares | 40.14% | 40.00% | 51.02% |
| New Zealand bonds | 8.86% | 10.00% | 7.35% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Pimco Global Bond ESG Fund | Bonds | International Fixed Interest | IE | 4.87% |
| 2 | Hawkes Bay Forest and Land | Other | Other | NZ | 3.81% |
| 3 | Apple Computer | Shares | International Equities | US | 3.67% |
| 4 | Pimco GIS Global Bond Fund | Bonds | International Fixed Interest | IE | 3.31% |
| 5 | Crown Global Opportunities VII plc | Other | Other | IE | 3.24% |
| 6 | Microsoft | Other | Other | US | 1.98% |
| 7 | Crown Global Opportunities VI plc Fund | Other | Other | IE | 1.89% |
| 8 | Legg Mason Brandywine GOFI | Bonds | International Fixed Interest | IE | 1.82% |
| 9 | Robecosam Smart Energy Equities Fund | Other | Other | LU | 1.62% |
| 10 | ANZ-Bank Accounts | Cash | Cash and Cash Equivalents | NZ | 1.57% |
Fees
1.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.50% | $450 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.50% | $450 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 10.20% | 8.61% |
| 31 March 2018 | 4.61% | 7.38% |
| 31 March 2019 | 9.30% | 7.03% |
| 31 March 2020 | -0.93% | -3.37% |
| 31 March 2021 | 20.68% | 28.64% |
| 31 March 2022 | 7.39% | 2.17% |
| 31 March 2023 | -0.56% | -3.69% |
| 31 March 2024 | 11.95% | 14.25% |
| 31 March 2025 | 8.45% | 3.98% |
| 31 March 2026 | 7.56% | 7.60% |
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 |