0001752724-23-201731.txt : 20230913
0001752724-23-201731.hdr.sgml : 20230913
20230913140001
ACCESSION NUMBER: 0001752724-23-201731
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230630
FILED AS OF DATE: 20230913
DATE AS OF CHANGE: 20230913
EFFECTIVENESS DATE: 20230913
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: 231252280
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
X0404
N-CEN
LIVE
0001070222
XXXXXXXX
811-09025
false
false
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
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
Brown Brothers Harriman & Co.
40 Water Street
Boston
02109
617-772-1818
Records as Custodian of Trust
SEI Investments Management Corporation
1 Freedom Valley Drive
OAKS
19456
610-676-1000
Records as Adviser for 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
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
N
N
N-1A
4
Y
William M. Doran
N/A
Y
Susan C. Cote
N/A
N
Hubert L. Harris, Jr.
N/A
N
Nina Lesavoy
004845348
N
James M. Williams
N/A
N
Robert A. Nesher
N/A
Y
Christine Reynolds
N/A
N
James B. Taylor
N/A
N
Stephen Panner
N/A
1 Freedom Valley Drive
Oaks
19456
XXXXXX
Y
N
N
N
N
N
SEI INVESTMENTS DISTRIBUTION CO.
8-27897
000010690
N/A
Y
N
KPMG, LLP
185
549300G1CEVDWVMRLW77
N
N
N
N
N
N
N
New Covenant Growth Fund
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1
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N/A
N
N
N
N
N/A
N/A
N/A
Rule 18f-4 (17 CFR 270.18f-4)
Rule 32a-4 (17 CFR 270.32a-4)
Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))
Y
Y
N
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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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
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
SEI Private Trust Company
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Y
SEI INVESTMENTS DISTRIBUTION COMPANY
9845004D1BC905A05108
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New Covenant Trust Company
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U.S. BANCORP FUND SERVICES
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SEI Investments Global Funds Services
SEC file number
8-27897
Y
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
0.00
UBS INTERNATIONAL INC
008-22651
000007654
T6FIZBDPKLYJKFCRVK44
436.41
LOOP CAPITAL
008-50140
000043098
254900FPPM2WN90D4786
515.04
PIPER JAFFRAY
008-15204
000000665
549300GRQCWQ3XGH0H10
3522.72
RBC CAPITAL
008-45411
000031194
549300LCO2FLSSVFFR64
17.07
THEMIS TRADING LLC
8-65260
000120116
254900T8WSH6UHUZKV29
1765.20
LIQUIDNET
008-52461
000103987
213800HSKBBO1GCVRG79
6692.64
INSTINET
008-23669
000007897
549300MGMN3RKMU8FT57
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J.P. MORGAN SECURITIES
008-35008
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CITADEL SECURITIES
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JEFFERIES LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
1656.34
17176.48
0.00000000
N
510385457.16
N
N
N
N
New Covenant Income Fund
S000024942
YXU517QXOB92KBEH0A38
N
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Rule 18f-4(c)(2) (17 CFR 270.18f-4(c)(2))
Rule 18f-4 (17 CFR 270.18f-4)
Y
Y
N
N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
N
Income Research & Management
801-29482
000104863
254900RO33N8JBVSKJ39
N
N
Western Asset Management Company
801-8162
000110441
549300C5A561UXUICN46
N
N
Western Asset Management Company Limited
801-21068
000110427
549300IVCLHPHPOYT226
N
GB
N
U.S. BANCORP FUND SERVICES, LLC
85-11357
N1GZ7BBF3NP8GI976H15
N
N
N
Intercontinental Exchange, Inc.
5493000F4ZO33MV32P92
N
IHS Markit
549300HLPTRASHS0E726
GB
N
Bloomberg
254900BF4G8VMW8GG471
N
Thomson Reuters Corporation
549300561UZND4C7B569
CA
N
N
US BANK, N.A.
N1GZ7BBF3NP8GI976H15
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
The Bank of New York Mellon
N/A
GB
N
Y
Foreign custodian - rule 17f-5 (17 CFR 270.17f-5)
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)
N
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
U.S. BANCORP FUND SERVICES
H85Z6XZP8B10ES0M2G89
N
Y
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
SEI INVESTMENTS DISTRIBUTION COMPANY
9845004D1BC905A05108
Y
Y
N
SEI Investments Global Funds Services
SEC file number
8-27897
Y
N
N
SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
0.00
JEFFERIES LLC
008-15074
000002347
58PU97L1C0WSRCWADL48
937.66
GOLDMAN, SACHS & CO.
008-00129
000000361
FOR8UP27PHTHYVLBNG30
2921.25
MORGAN STANLEY & CO, INC
008-15869
000008209
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UBS SECURITIES
008-22651
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BNP SECURITIES
008-32682
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RCNB6OTYUAMMP879YW96
785.27
CITIGROUP GLOBAL MARKETS
008-08177
000007059
MBNUM2BPBDO7JBLYG310
2312.66
WELLS FARGO BROKERAGE SERVICES, LLC
008-65876
000126292
VYVVCKR63DVZZN70PB21
1191.97
MERRILL LYNCH, PIERCE, FENNER & SMITH
008-07221
000007691
8NAV47T0Y26Q87Y0QP81
1749.57
JP MORGAN
008-35008
000000079
ZBUT11V806EZRVTWT807
1536.10
RJ O'BRIEN
008-67587
000143624
549300BSZNPQJNYIAD03
2107.81
21374.79
CITIGROUP GLOBAL MARKETS
008-08177
000007059
MBNUM2BPBDO7JBLYG310
64140889.82
BMO CAPITAL
008-34344
000016686
RUC0QBLBRPRCU4W1NE59
13823687.01
GOLDMAN SACHS & CO
008-00129
000000361
FOR8UP27PHTHYVLBNG30
140621774.65
WELLS FARGO BROKERAGE SERVICES, LLC
008-65876
000126292
VYVVCKR63DVZZN70PB21
83972295.89
NOMURA SECURITIES INTERNATIONAL, INC.
008-15255
000004297
OXTKY6Q8X53C9ILVV871
30597687.89
MORGAN STANLEY & CO, INC
008-15869
000008209
9R7GPTSO7KV3UQJZQ078
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JP MORGAN
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BNP PARIBAS
008-32682
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BANK OF AMERICA
008-69787
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CITADEL
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N
363455017.24
N
N
N
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New Covenant Balanced Growth Fund
S000005023
549300XHCSLGGDXZ1F50
N
1
0
0
Fund of Funds
N
N
N
N
N/A
N/A
N/A
Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))
Rule 18f-4 (17 CFR 270.18f-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
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
RAYMOND JAMES & ASSOCIATES, INC.
U4ONQX15J3RO8XCKE979
N
Y
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
Y
Y
New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
U.S. BANCORP FUND SERVICES
H85Z6XZP8B10ES0M2G89
N
Y
SEI INVESTMENTS DISTRIBUTION COMPANY
9845004D1BC905A05108
Y
Y
N
SEI Investments Global Funds Services
8-27897
SEC File Number
Y
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SEI INVESTMENTS DISTRIBUTION COMPANY
8-27897
000010690
N/A
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0.00000000
0.00000000
N
328361702.50
N
N
N
N
New Covenant Balanced Income Fund
S000024940
549300YB0YZR8HNCVV63
N
1
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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)
Rule 18f-4 (17 CFR 270.18f-4)
Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))
Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))
Y
Y
N
N
SEI INVESTMENTS MANAGEMENT CORPORATION
801-24593
000105146
Q33VOZOFSDXYC0TV0J12
N
U.S. BANCORP FUND SERVICES, LLC
85-11357
N1GZ7BBF3NP8GI976H15
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US BANK, N.A.
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N
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Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
SEI INVESTMENTS DISTRIBUTION COMPANY
9845004D1BC905A05108
Y
Y
SEI Private Trust Company
5LJTIFADGZ6XH1RVOC11
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New Covenant Trust Company
RVB8BBBTG6J5RT8BQ908
Y
N
U.S. BANCORP FUND SERVICES
H85Z6XZP8B10ES0M2G89
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RAYMOND JAMES & ASSOCIATES, INC.
U4ONQX15J3RO8XCKE979
N
Y
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SEI Investments Global Funds Services
SEC file number
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SEI INVESTMENTS DISTRIBUTION COMPANY
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INTERNAL CONTROL RPT
2
NewCovenant_ICL.txt
INTERNAL CONTROL LETTER
Report of Independent Registered Public Accounting
Firm
To the Shareholders of the Funds and Board of
Trustees New Covenant Funds:
In planning and performing our audits of the
financial statements of New Covenant Funds,
comprised of New Covenant Growth Fund, New Covenant
Income Fund, New Covenant Balanced Growth Fund, and
New Covenant Balanced Income Fund (collectively, the
"Funds"), as of and for the year ended
June 30, 2023, 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 Fund's 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 company's
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 company's 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
directors of the company; and (3) provide reasonable
assurance regarding prevention or timely detection
of unauthorized acquisition, use, or disposition of
the company's 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 company's 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, 2023.
This report is intended solely for the information
and use of the 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, 2023