Using the most recent returns and fund update reports from 31 August 2023, we will examine Christian’s recent KiwiSaver Performance.
The Christian KiwiSaver Scheme, established in 2007 shortly after the introduction of KiwiSaver, offers eligible Christians an opportunity to invest ethically in line with Christian values, emphasizing care for others, ethical principles, and responsible financial stewardship without compromising on performance. Originally known as Koinonia, a term reflecting fellowship and community from the New Testament, the scheme embodies these values. In 2018, it was renamed the Christian KiwiSaver Scheme, catering exclusively to the active Christian community to better convey its unique position in the market.
Table of Contents
Performance of Christian KiwiSaver Funds
News about Christian
In recent news (August 2023), the Christian KiwiSaver Scheme has announced a significant partnership with Debtfix, an organization dedicated to tackling debt issues in New Zealand. This collaboration reflects the scheme’s commitment to caring for its members and supporting their financial well-being. Debtfix offers expert debt management services, personalized budgeting assistance, and facilitation of KiwiSaver withdrawals due to Significant Financial Hardship. This partnership aims to address the challenges many New Zealanders face in managing their debts and budgets, ultimately helping members take control of their finances and optimize their KiwiSaver investments.
Performance of Christian KiwiSaver Funds
|
Funds |
1 Year |
5 Year |
10 Year |
|
Income |
2.3% |
1.5% |
2.6% |
|
Balanced |
8.3% |
6.1% |
6.8% |
|
Growth |
11.4% |
8.5% |
8.5% |
Sourced from Christian fund performance report
*These returns are to 31 August 2023 (date of returns) before tax and after fund management fees. Past performance does not necessarily indicate future performance and return periods may differ.
Note: The following is sourced from Christian’s Quarterly Fund updates published on 30 June 2023.
Christian Income Fund
The 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.
*The following is Sourced from Christian Income Fund Update.
Returns
Fees
The total annual fees for investors in the Christian Income Fund are 0.80% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Christian’s top 10 investments in the Income KiwiSaver Fund, which comprise 47.55% of the fund.
Christian Balanced Fund
The Balanced fund invests in similar income assets (cash and cash equivalents and fixed interest) and growth assets (equities, listed property and listed infrastructure). The fund may also invest in alternative assets. This fund is intended for investors with a balanced volatility tolerance
*The following is Sourced from Christian Balanced Fund Update.
Returns
Fees
The total annual fees for investors in the Christian Balanced Fund are 1.35% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Christian’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 33.20% of the fund.
Christian Growth Fund
The fund invests mainly in growth assets (equities, listed property and listed infrastructure), with exposure to income assets (cash and cash equivalents and fixed interest). The fund may also invest in alternative assets.
The fund aims to achieve (after the fund charge and before tax) a higher yearly return over the long term, allowing for significant increases in value, including occasional negative yearly returns.
*The following is Sourced from Christian Growth Fund Update.
Returns
Fees
The total annual fees for investors in the Christian GrowthFund are 1.50% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Christian’s top 10 investments in the Growth KiwiSaver Fund, which comprise 28.78% of the fund.
Data for Christian KiwiSaver funds have been sourced from Christian KiwiSaver Funds. Past performance does not necessarily indicate future performance and return periods may differ.
To see if ANZ has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.