New Covenant Balanced Growth Fd
NCBGX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 200 East 12th St Jeffersonville IN United States of America 47130
- IPO Date
- Jun 30, 1999
- CIK
- 0001070222
- Website
- newcovenantfunds.com
- Similar Companies
- Business
- New Covenant Balanced Growth Fund (NCBGX) is an open-end mutual fund that seeks capital appreciation with reduced risk compared to a pure equity portfolio by investing primarily in shares of the New Covenant Growth Fund and New Covenant Income Fund; it maintains a neutral allocation of approximately 60% in the Growth Fund—which focuses on long-term capital appreciation through diversified common stocks and equity securities—and 40% in the Income Fund—which invests in high-quality fixed income securities including investment-grade bonds, mortgage-backed securities, asset-backed securities, commercial paper, and repurchase agreements, with up to 40% in foreign fixed income; the fund periodically rebalances within 45%-75% equity limits based on market conditions, performance outlooks, and risk-reward profiles, while holding minimal cash equivalents. The Growth Fund employs a manager-of-managers structure with specialized sub-advisers for equity sectors, and the Income Fund targets an overall AA credit quality rating, allocating assets to sub-advisers such as TCW Investment Management (PIMCO's MetWest team, including portfolio managers Bryan Whalen, Jerry Cudzil, and Ruben Hovhannisyan since 2024) for fixed income security selection. Launched on July 1, 1999, the fund is part of the New Covenant Funds family, which emphasizes socially responsible investing aligned with Presbyterian Church (U.S.A.) social witness policies; it is advised by SEI Investments Management Corporation (SIMC), distributed by SEI Investments Distribution Co. (SIDCO), and domiciled in the United States with operations focused on U.S. investors. Recent changes include significant portfolio management transitions for the underlying Income Fund, with the removal of Western Asset Management Company, LLC and Western Asset Management Company Limited as sub-advisers effective in 2024, reallocating their assets to Metropolitan West Asset Management (TCW's MetWest); Stephen Kane ceased serving as portfolio manager effective December 31, 2024, while S. Kenneth Leech and John L. Bellows were removed earlier, with Michael C. Buchanan added for Western Asset oversight prior to its termination; these shifts reflect ongoing sub-adviser optimizations under SIMC's oversight. The fund maintains a low turnover rate of approximately 8%, a net expense ratio of 0.86%, and total net assets of around $357-372 million as of late 2025, with top holdings consisting almost entirely of the New Covenant Growth Fund (61%), New Covenant Income Fund (38%), and minimal cash equivalents. No major acquisitions, funding rounds, partnerships, or product launches were reported in the last 1-2 years, underscoring a focus on internal management enhancements and steady moderate allocation strategy within the socially responsible investing segment.