NCBIX: New Covenant Balanced Income

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NCBIX New Covenant Balanced Income


Profile

NCBIX - Profile

Vitals

  • YTD Return -6.2%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -1.1%
  • Net Assets $71.8 M
  • Holdings in Top 10 99.1%

52 WEEK LOW AND HIGH

$20.30
$18.78
$22.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 11.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -6.2%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return 1.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.86%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    New Covenant Balanced Income Fund
  • Fund Family Name
    New Covenant
  • Inception Date
    Jul 01, 1999
  • Shares Outstanding
    3570526
  • Share Class
    No Load
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Richard Bamford

Fund Description

The fund invests primarily in shares of the New Covenant Growth Fund and New Covenant Income Fund, with a majority of its assets generally invested in shares of the New Covenant Income Fund. Between 50% and 75% of its net assets are invested in shares of the income fund, with the balance of its net assets invested in shares of the growth fund or cash or cash equivalents. The income fund may also invest up to 20% of its net assets in commercial paper and up to 40% of its net assets in fixed-income securities of foreign issuers in any country, including developed or emerging markets.


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Categories

Performance

NCBIX - Performance

Return Ranking - Trailing

Period NCBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.2% -61.5% 53.8% 20.84%
1 Yr -3.7% -68.1% 50.0% 27.77%
3 Yr -0.1%* -34.6% 16.3% 23.52%
5 Yr -1.1%* -32.9% 16.0% 32.64%
10 Yr 1.3%* -34.3% 10.3% 49.31%

* Annualized

Return Ranking - Calendar

Period NCBIX Return Category Return Low Category Return High Rank in Category (%)
2019 10.0% -50.4% 46.8% 62.83%
2018 -7.3% -31.8% 19.0% 26.48%
2017 6.5% -44.7% 46.3% 45.47%
2016 1.7% -84.5% 146.1% 74.93%
2015 -6.9% -40.7% 14.6% 65.01%

Total Return Ranking - Trailing

Period NCBIX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.2% -61.5% 53.8% 20.84%
1 Yr -3.7% -68.1% 50.0% 27.77%
3 Yr 2.4%* -34.6% 16.3% 18.65%
5 Yr 1.0%* -32.9% 16.0% 43.75%
10 Yr 3.6%* -34.3% 10.3% 63.30%

* Annualized

Total Return Ranking - Calendar

Period NCBIX Return Category Return Low Category Return High Rank in Category (%)
2019 10.0% -50.4% 46.8% 64.38%
2018 -2.0% -27.4% 19.0% 7.73%
2017 8.7% -44.7% 46.3% 60.46%
2016 2.9% -84.5% 146.1% 83.99%
2015 -5.3% -36.9% 14.6% 74.65%

NAV & Total Return History


Holdings

NCBIX - Holdings

Concentration Analysis

NCBIX Category Low Category High NCBIX % Rank
Net Assets 71.8 M 140 K 141 B 72.66%
Number of Holdings 3 2 13816 99.68%
Net Assets in Top 10 77.6 M -39.4 M 33.7 B 56.97%
Weighting of Top 10 99.08% 5.5% 100.0% 2.59%

Top 10 Holdings

  1. New Covenant Income 63.85%
  2. New Covenant Growth 35.23%

Asset Allocation

Weighting Return Low Return High NCBIX % Rank
Bonds
59.26% -4.03% 79.29% 18.35%
Stocks
34.69% -41.01% 78.13% 66.63%
Cash
5.68% -102.09% 78.43% 41.74%
Convertible Bonds
0.37% -0.84% 52.57% 41.09%
Preferred Stocks
0.00% 0.00% 44.10% 76.72%
Other
0.00% -41.44% 154.72% 70.28%

Stock Sector Breakdown

Weighting Return Low Return High NCBIX % Rank
Technology
19.37% 0.00% 72.78% 28.80%
Financial Services
15.89% 0.00% 62.98% 51.36%
Healthcare
14.06% 0.00% 63.06% 39.00%
Consumer Cyclical
10.31% 0.00% 45.84% 31.86%
Communication Services
9.51% 0.00% 41.87% 27.55%
Industrials
9.04% 0.00% 99.44% 66.89%
Consumer Defense
7.63% 0.00% 17.78% 45.58%
Energy
4.62% 0.00% 100.00% 46.71%
Real Estate
3.49% -2.05% 100.00% 54.99%
Utilities
3.41% 0.00% 100.00% 54.76%
Basic Materials
2.66% 0.00% 19.70% 58.50%

Stock Geographic Breakdown

Weighting Return Low Return High NCBIX % Rank
US
34.43% -41.02% 76.29% 53.97%
Non US
0.26% -1.50% 32.14% 87.23%

Bond Sector Breakdown

Weighting Return Low Return High NCBIX % Rank
Securitized
43.10% 0.00% 54.42% 6.65%
Government
27.19% -0.45% 99.67% 43.13%
Corporate
21.25% 0.00% 100.00% 72.85%
Cash & Equivalents
7.77% -3.87% 100.00% 65.67%
Municipal
0.69% 0.00% 99.77% 21.03%
Derivative
0.00% -3.25% 55.67% 59.33%

Bond Geographic Breakdown

Weighting Return Low Return High NCBIX % Rank
US
53.90% -5.28% 84.24% 19.21%
Non US
5.36% -12.68% 26.09% 25.43%

Expenses

NCBIX - Expenses

Operational Fees

NCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.01% 7.27% 94.38%
Management Fee 0.00% 0.00% 2.00% 4.62%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.15% 0.01% 0.83% 61.13%

Sales Fees

NCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

NCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NCBIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 11.00% 0.00% 574.00% 12.22%

Distributions

NCBIX - Distributions

Dividend Yield Analysis

NCBIX Category Low Category High NCBIX % Rank
Dividend Yield 0.50% 0.00% 11.85% 3.00%

Dividend Distribution Analysis

NCBIX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Quarterly

Net Income Ratio Analysis

NCBIX Category Low Category High NCBIX % Rank
Net Income Ratio 1.86% -5.24% 6.65% 48.00%

Capital Gain Distribution Analysis

NCBIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

NCBIX - Fund Manager Analysis

Managers

Richard Bamford


Start Date

Tenure

Tenure Rank

Oct 31, 2017

2.42

2.4%

Richard A. Bamford serves as a Portfolio Manager for the Fixed Income Team within SIMC's Investment Management Unit. Mr. Bamford is responsible for investment grade debt and municipal bond portfolios. Mr. Bamford's duties include manager analysis and selection, strategy development and enhancement as well as investment research. Mr. Bamford has over 20 years of investment experience in investment management. Prior to joining SEI in 1999, Mr. Bamford worked as a Municipal Credit Analyst for Vanguard. Mr. Bamford received a Bachelor of Science in Economics/Finance and Accounting from the University of Scranton and an M.B.A. with a concentration in Finance from St. Joseph's University.

Erin Garrett


Start Date

Tenure

Tenure Rank

Oct 31, 2017

2.42

2.4%

Ms. Garrett serves as a Portfolio Manager for the SEI US Investment Grade fixed income strategies within the Investment Management Unit. Ms. Garrett is responsible for the selection of fund sub-advisers and the allocations among these managers to optimize diversification of style and alpha source within the fixed income funds. In this capacity, Ms. Garrett primarily oversees daily cash flows, portfolio exposures, portfolio risks, and performance attribution. In her preceding role, Ms. Garrett was an Analyst on the Global Fixed Income team responsible for in-depth due diligence on existing and prospective investment managers for SEI's US fixed-income portfolios. Ms. Garrett earned a Bachelor of Science in Business Administration/Finance and her M.B.A. with concentrations in Strategic Management and International Business from the Villanova University School of Business, where she graduated magna cum laude. Ms. Garrett is the former President of SEI's Women's Network and currently serves on the SEI Corporate Innovation team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 39.27 6.87 0.25