The New Zealand Anglican Church Pension Board
Income Fund
Christian KiwiSaver SchemeDefensive
What the provider says about this fund
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.
1-year return
1.84%
5-year return p.a.
0.95%
Total annual fee
0.80%
Fund size ($m)
8.9
Members
364
Inception date
1 April 2012
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
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Cash and equivalents | 34.00% | 30.00% | 48.53% |
| International bonds | 35.00% | 35.00% | 22.70% |
| New Zealand bonds | 31.00% | 35.00% | 28.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Pimco Global Bond ESG Fund | Bonds | International Fixed Interest | IE | 17.05% |
| 2 | Pimco GIS Global Bond Fund | Bonds | International Fixed Interest | IE | 11.57% |
| 3 | ANZ-Bank Accounts | Cash | Cash and Cash Equivalents | NZ | 8.46% |
| 4 | Legg Mason Brandywine GOFI | Bonds | International Fixed Interest | IE | 6.38% |
| 5 | Westpac-AUD Bank Account(s) | Cash | Cash and Cash Equivalents | NZ | 1.64% |
| 6 | ASB Term Deposit - 19/06/26 | Cash | Cash and Cash Equivalents | NZ | 1.47% |
| 7 | ASB Term Deposit - 18/09/26 | Cash | Cash and Cash Equivalents | NZ | 1.46% |
| 8 | ASB Term Deposit - 13/04/26 | Cash | Cash and Cash Equivalents | NZ | 1.40% |
| 9 | Mortgage | Bonds | New Zealand Fixed Interest | NZ | 1.24% |
| 10 | NZ Government Stock - 15/05/31 | Bonds | New Zealand Fixed Interest | NZ | 1.21% |
Fees
0.80% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.80% | $240 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.80% | $240 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2017 | 2.14% | 1.52% |
| 31 March 2018 | 1.84% | 2.07% |
| 31 March 2019 | 1.42% | 2.39% |
| 31 March 2020 | 1.16% | 1.67% |
| 31 March 2021 | 2.54% | 1.64% |
| 31 March 2022 | -2.12% | -1.81% |
| 31 March 2023 | -1.92% | -0.19% |
| 31 March 2024 | 3.71% | 3.49% |
| 31 March 2025 | 3.40% | 3.79% |
| 31 March 2026 | 1.84% | 2.09% |
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 |