0001752724-19-121613.txt : 20190913
0001752724-19-121613.hdr.sgml : 20190913
20190913142316
ACCESSION NUMBER: 0001752724-19-121613
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190630
FILED AS OF DATE: 20190913
DATE AS OF CHANGE: 20190913
EFFECTIVENESS DATE: 20190913
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: NEW COVENANT FUNDS
CENTRAL INDEX KEY: 0001070222
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-09025
FILM NUMBER: 191092316
BUSINESS ADDRESS:
STREET 1: 200 EAST 12TH ST
CITY: JEFFERSONVILLE
STATE: IN
ZIP: 47130
BUSINESS PHONE: 5025695984
MAIL ADDRESS:
STREET 1: 200 EAST 12TH ST
CITY: JEFFERSONVILLE
STATE: IN
ZIP: 47130
0001070222
S000005023
New Covenant Balanced Growth Fund
C000013702
New Covenant Balanced Growth Fund
NCBGX
0001070222
S000024940
New Covenant Balanced Income Fund
C000074153
New Covenant Balanced Income Fund
NCBIX
0001070222
S000024941
New Covenant Growth Fund
C000074154
New Covenant Growth Fund
NCGFX
0001070222
S000024942
New Covenant Income Fund
C000074155
New Covenant Income Fund
NCICX
N-CEN
1
primary_doc.xml
X0201
N-CEN
LIVE
0001070222
XXXXXXXX
811-09025
true
true
false
N-1A
true
NEW COVENANT FUNDS
811-09025
0001070222
RVB8BBBTG6J5RT8BQ908
1 FREEDOM VALLEY DRIVE
OAKS
19456
US-PA
US
877-835-4531
Western Asset Management Company Limited
10 Exchange Square
Primrose Street
London
GB
EC2A 2 EN
011-44-20-7422-3000
Records as Sub-Adviser to Trust
SEI Investments Management Corporation
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Adviser for Trust
Parametric Portfolio Associates LLC
1918 Eighth Avenue
Suite 3100
Seattle
98101
206-694-5575
Records as Sub-Adviser to Trust
SEI Investments Global Funds Services
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Administrator to Trust
Western Asset Management Company
385 East Colorodo Boulevard
Pasadena
91101
626-844-9400
Records as Sub-Adviser to Trust
US Bancorp Fund Services LLC
777 East Wisconsin Ave
Milwaukee
53202
800-300-3863
Records as Transfer Agent for Trust
U.S. Bank National Association
425 Walnut Street
Cincinnati
45202
800-872-2657
Records as Custodian to Trust
Brown Brothers Harriman & Co.
40 Water Street
Boston
02109
617-772-1818
Records as Custodian of Trust
SEI Investments Distribution Co.
1 Freedom Valley Drive
Oaks
19456
610-676-1000
Records as Distributor for Trust
Income Research & Management
100 Federal Street
30th Floor
Boston
02110
617-330-9333
Records as Sub-Adviser to Trust
Fred Alger
360 Park Avenue South
New York
10010
212-806-8800
Records as Sub-Adviser to Trust
Parametric Portfolio Associates
1918 Eighth Avenue
Suite 3100
Seattle
98101
206-694-5575
Records as sub-advisor for Trust.
N
N
N
N-1A
4
Y
Hubert L. Harris, Jr.
N/A
N
Susan C. Cote
N/A
N
Mitchell A. Johnson
N/A
N
James B. Taylor
N/A
N
James M. Williams
N/A
N
William M. Doran
N/A
Y
Nina Lesavoy
004845348
N
George J. Sullivan Jr.
N/A
N
Robert A. Nesher
N/A
Y
Russell Emery
N/A
1 Freedom Valley Drive
Oaks
19456
XXXXXX
N
N
N
N
N
N
N
SEI INVESTMENTS DISTRIBUTION CO.
8-27897
000010690
N/A
Y
N
KPMG, LLP
185
549300G1CEVDWVMRLW77
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N
N
N
N
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New Covenant Growth Fund
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1
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N/A
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N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
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Y
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N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
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Parametric Portfolio Associates
801-60485
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549300S4WU4W1Z92RF77
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N
Fred Alger
801-6709
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549300DJT5ERKM01RD40
2019-06-10
Brandywine Global Investment Management, LLC
801-27797
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2019-06-10
BlackRock Investment Management, LLC
801-56972
000108928
5493006MRTEZZ4S4CQ20
2019-01-04
Coho Partners, Ltd.
801-60111
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N/A
2019-06-10
U.S. BANCORP FUND SERVICES, LLC
85-11357
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N
N
N
Bloomberg
254900BF4G8VMW8GG471
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IHS Markit
549300HLPTRASHS0E726
GB
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Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
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N
Brown Brothers Harriman
N/A
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
RBC INV SERVICES
N/A
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
TD Ameritrade, Inc.
CWQYQU0TV2NLMLZKNB44
N
N
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
LPL Financial
8-17668
SEC File Number
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
SEC File Number
Y
N
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
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SEI INVESTMENTS GLOBAL FUNDS SERVICES
SEC file number
8-27897
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N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
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INSTINET
008-23669
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549300MGMN3RKMU8FT57
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UBS SECURITIES
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ITG
008-44218
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LOOP CAPITAL MARKETS INC.
8-50140
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254900FPPM2WN90D4786
2871.43999999
MORGAN STANLEY & CO, INC
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
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WEEDEN & COMPANY
008-37267
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549300OYBLKSN8M8EW67
8254.60000000
JEFFERIES LLC
008-15074
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58PU97L1C0WSRCWADL48
8170.95999999
RBC CAPITAL
008-45411
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3854.49999999
J.P. MORGAN SECURITIES
008-35008
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3101.66999999
LIQUIDNET
008-52461
000103987
213800HSKBBO1GCVRG79
861.20000000
48530.44
0
N
431599918.73
N
N
N
N
New Covenant Balanced Income Fund
S000024940
549300YB0YZR8HNCVV63
Y
1
0
0
Fund of Funds
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
N
U.S. BANCORP FUND SERVICES, LLC
85-11357
N1GZ7BBF3NP8GI976H15
N
N
N
N
US BANK, N.A.
N1GZ7BBF3NP8GI976H15
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
TD Ameritrade, Inc.
CWQYQU0TV2NLMLZKNB44
N
N
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
LPL Financial
8-17668
SEC File Number
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
SEC File Number
Y
N
N
SEI Investments Global Funds Services
SEC file number
8-27897
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N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
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0
0
N
75770588.81
N
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N
New Covenant Income Fund
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YXU517QXOB92KBEH0A38
Y
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
N
Western Asset Management Company Limited
801-21068
000110427
549300IVCLHPHPOYT226
N
GB
N
Income Research & Management
801-29482
000104863
254900RO33N8JBVSKJ39
N
N
Western Asset Management Company
801-8162
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549300C5A561UXUICN46
N
N
U.S. BANCORP FUND SERVICES, LLC
85-11357
N1GZ7BBF3NP8GI976H15
N
N
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
IHS Markit
549300HLPTRASHS0E726
GB
N
Bloomberg
254900BF4G8VMW8GG471
N
N
US BANK, N.A.
N1GZ7BBF3NP8GI976H15
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
Royal Bank of Canada
N/A
CA
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
Euroclear Bank
N/A
BE
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
The Bank of New York Mellon
N/A
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
N
LPL Financial
5493005NM7F0H1N3EQ39
N
N
TD Ameritrade, Inc.
CWQYQU0TV2NLMLZKNB44
N
N
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
SEC File Number
Y
N
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
N
SEI INVESTMENTS GLOBAL FUNDS SERVICES
SEC file number
8-27897
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SEI INVESTMENTS DISTRIBUTION COMPANY
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MERRILL LYNCH
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UBS SECURITIES LLC
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CITIGROUP GLOBAL MARKETS
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JEFFERIES LLC
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GOLDMAN SACHS & CO
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RJ O'BRIEN
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BARCLAYS CAPITAL INC.
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WELLS FARGO
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MORGAN STANLEY & CO, INC
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DEUTSCHE BANK SECURITIES INC
008-17822
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CREDIT SUISSE FIRST BOSTON LLC.
008-00422
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CHASE SECURITIES, INC.
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MORGAN STANLEY & CO, INC
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NORTHERN CAPITAL ADVISORS
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CITIGROUP GLOBAL MARKETS
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BANK OF AMERICA
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BARCLAYS CAPITAL INC.
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316885943.15
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New Covenant Balanced Growth Fund
S000005023
549300XHCSLGGDXZ1F50
Y
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Fund of Funds
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
N
N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
N
U.S. BANCORP FUND SERVICES, LLC
85-11357
N1GZ7BBF3NP8GI976H15
N
N
N
N
US BANK, N.A.
N1GZ7BBF3NP8GI976H15
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
TD Ameritrade, Inc.
CWQYQU0TV2NLMLZKNB44
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
SEC File Number
Y
N
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
LPL Financial
8-17668
SEC File Number
N
N
N
SEI Investments Global Funds Services
SEC file number
8-27897
Y
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
0
0
0
N
288846422.10
N
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false
false
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false
INTERNAL CONTROL RPT
2
New_Covenant_ICL.txt
INTERNAL CONTROL LETTER
Report of Independent Registered Public Accounting
Firm
To the Shareholders and Board of Trustees
New Covenant Funds:
In planning and performing our audits of the
financial statements of New Covenant Funds (the
Trust), comprised of New Covenant Growth Fund, New
Covenant Income Fund, New Covenant Balanced Growth
Fund, and New Covenant Balanced Income Fund (the
Funds), as of and for the year ended June 30, 2019,
in accordance with the standards of the Public
Company Accounting Oversight Board (United States),
we considered the Funds internal control over
financial reporting, including controls over
safeguarding securities, as a basis for designing
our auditing procedures for the purpose of
expressing our opinion on the Funds financial
statements and to comply with the requirements of
Form N-CEN, but not for the purpose of expressing an
opinion on the effectiveness of the Funds internal
control over financial reporting. Accordingly, we
express no such opinion.
Management of the Funds is responsible for
establishing and maintaining effective internal
control over financial reporting. In fulfilling this
responsibility, estimates and judgments by
management are required to assess the expected
benefits and related costs of controls. A companys
internal control over financial reporting is a
process designed to provide reasonable assurance
regarding the reliability of financial reporting and
the preparation of financial statements for external
purposes in accordance with generally accepted
accounting principles. A companys internal control
over financial reporting includes those policies and
procedures that (1) pertain to the maintenance of
records that, in reasonable detail, accurately and
fairly reflect the transactions and dispositions of
the assets of the company; (2) provide reasonable
assurance that transactions are recorded as
necessary to permit preparation of financial
statements in accordance with generally accepted
accounting principles, and that receipts and
expenditures of the company are being made only in
accordance with authorizations of management and
trustees of the company; and (3) provide reasonable
assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of
the companys assets that could have a material
effect on the financial statements.
Because of its inherent limitations, internal
control over financial reporting may not prevent or
detect misstatements. Also, projections of any
evaluation of effectiveness to future periods are
subject to the risk that controls may become
inadequate because of changes in conditions, or that
the degree of compliance with the policies or
procedures may deteriorate.
A deficiency in internal control over financial
reporting exists when the design or operation of a
control does not allow management or employees, in
the normal course of performing their assigned
functions, to prevent or detect misstatements on a
timely basis. A material weakness is a deficiency,
or a combination of deficiencies, in internal
control over financial reporting, such that there is
a reasonable possibility that a material
misstatement of the Funds annual or interim
financial statements will not be prevented or
detected on a timely basis.
Our consideration of the Funds internal control over
financial reporting was for the limited purpose
described in the first paragraph and would not
necessarily disclose all deficiencies in internal
control that might be material weaknesses under
standards established by the Public Company
Accounting Oversight Board (United States). However,
we noted no deficiencies in the Funds internal
control over financial reporting and its operation,
including controls over safeguarding securities that
we consider to be a material weakness as defined
above as of June 30, 2019.
This report is intended solely for the information
and use of management and the Board of Trustees of
the Funds and the Securities and Exchange Commission
and is not intended to be and should not be used by
anyone other than these specified parties.
/s/ KPMG LLP
Philadelphia, Pennsylvania
August 29, 2019