iso4217:USD pure 0001070222 2012-10-01 2012-10-01 0001070222 ck0001070222:S000024940Member ck0001070222:C000074153Member 2012-10-01 2012-10-01 0001070222 ck0001070222:P0001-S000024940Member ck0001070222:S000024940Member 2012-10-01 2012-10-01 0001070222 ck0001070222:S000005023Member ck0001070222:C000013702Member 2012-10-01 2012-10-01 0001070222 ck0001070222:P0001-S000005023Member ck0001070222:S000005023Member 2012-10-01 2012-10-01 Other 2012-10-01 NEW COVENANT FUNDS 0001070222 false 2012-10-01 2012-10-01 2012-04-23 New Covenant Balanced Growth Fund <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none">NEW COVENANT FUNDS <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">New Covenant Growth Fund New Covenant Income Fund New Covenant Balanced Growth Fund New Covenant Balanced Income Fund (the "Funds") <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Supplement Dated October 1, 2012 to the Prospectus Dated October 28, 2011, as Supplemented April 23, 2012 <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">This Supplement provides new and additional information beyond that contained in the Prospectus, and should be read in conjunction with such Prospectus. <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">The Prospectus is hereby amended and supplemented to reflect the following changes. <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">Changes to the Annual Fund Operating Expenses of the New Covenant Balanced Growth Fund <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">The Annual Fund Operating Expenses table and succeeding Example in the New Covenant Balanced Growth Fund Summary Section are amended as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)   The expense information in this table has been restated to reflect the current fees and expenses of the BALANCED GROWTH FUND. The Total Annual Fund Operating Expenses for the BALANCED GROWTH FUND do not correlate to the "Ratio of expenses to average net assets, excluding waivers" provided in the Financial Highlights section of this Prospectus, which reflects the operating expenses of the BALANCED GROWTH FUND and does not include AFFE. Example   This Example is intended to help you compare the cost of investing in the BALANCED GROWTH FUND with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated; you redeem all of your shares at the end of the time periods; your investment has a hypothetical 5% return each year and the BALANCED GROWTH FUND's operating expenses remain the same. Although your actual costs may be higher or lower, based on the above assumptions, your costs for the BALANCED GROWTH FUND would be: NCBGX 0.0000 0.0032 0.0093 0.0125 <div> <div style="display:none;" >~ http://www.NewCovenantFunds.com/20121001/role/OperatingExpensesData_P0001-S000005023Member row primary compact * row dei_LegalEntityAxis compact ck0001070222_S000005023Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001070222_S000005023Member ~</div> </div> 127 397 686 1511 <div> <div style="display:none;" >~ http://www.NewCovenantFunds.com/20121001/role/ExpenseExample_P0001-S000005023Member row primary compact * row dei_LegalEntityAxis compact ck0001070222_S000005023Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001070222_S000005023Member ~</div> </div> New Covenant Balanced Income Fund <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none">  <p class="MsoNormal" align="center" style="margin-top:0in;margin-right:0in;margin-left:0in;font-size:11.0pt;font-family:'calibri','sans-serif';margin-bottom:0in;margin-bottom:.0001pt; text-align:center;line-height:normal;text-autospace:none">NEW COVENANT FUNDS <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">New Covenant Growth Fund New Covenant Income Fund New Covenant Balanced Growth Fund New Covenant Balanced Income Fund (the "Funds") <p class="MsoNormal" align="center" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in; margin-bottom:0in;margin-left:0in;margin-bottom:.0001pt;text-align:center; line-height:normal;text-autospace:none">Supplement Dated October 1, 2012 to the Prospectus Dated October 28, 2011, as Supplemented April 23, 2012 <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">This Supplement provides new and additional information beyond that contained in the Prospectus, and should be read in conjunction with such Prospectus. <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">The Prospectus is hereby amended and supplemented to reflect the following changes. <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">Changes to the Annual Fund Operating Expenses of the New Covenant Balanced Income Fund <p class="MsoNormal" style="font-size:11.0pt;font-family:'calibri','sans-serif';margin-top:11.25pt;margin-right:0in;margin-bottom: 0in;margin-left:0in;margin-bottom:.0001pt;line-height:normal;text-autospace: none">The Annual Fund Operating Expenses table and succeeding Example in the New Covenant Balanced Income Fund Summary Section are amended as follows:   Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)   The expense information in this table has been restated to reflect the current fees and expenses of the BALANCED INCOME FUND. The Total Annual Fund Operating Expenses for the BALANCED INCOME FUND do not correlate to the "Ratio of expenses to average net assets, excluding waivers" provided in the Financial Highlights section of this Prospectus, which reflects the operating expenses of the BALANCED INCOME FUND and does not include AFFE. Example   This Example is intended to help you compare the cost of investing in the BALANCED INCOME FUND with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 for the time periods indicated; you redeem all of your shares at the end of the time periods; your investment has a hypothetical 5% return each year and the BALANCED INCOME FUND's operating expenses remain the same. Although your actual costs may be higher or lower, based on the above assumptions, your costs for the BALANCED INCOME FUND would be: NCBIX 0.0000 0.0034 0.0088 0.0122 <div> <div style="display:none;" >~ http://www.NewCovenantFunds.com/20121001/role/OperatingExpensesData_P0001-S000024940Member row primary compact * row dei_LegalEntityAxis compact ck0001070222_S000024940Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001070222_S000024940Member ~</div> </div> 124 387 670 1477 <div> <div style="display:none;" >~ http://www.NewCovenantFunds.com/20121001/role/ExpenseExample_P0001-S000024940Member row primary compact * row dei_LegalEntityAxis compact ck0001070222_S000024940Member column rr_ProspectusShareClassAxis compact * column dei_LegalEntityAxis compact ck0001070222_S000024940Member ~</div> </div> The Total Annual Fund Operating Expenses for the BALANCED GROWTH FUND do not correlate to the "Ratio of expenses to average net assets, excluding waivers" provided in the Financial Highlights section of this Prospectus, which reflects the operating expenses of the BALANCED GROWTH FUND and does not include AFFE. AFFE are those expenses incurred indirectly by the BALANCED GROWTH FUND as a result of investments in shares of one or more investment companies (referred to as "Acquired Funds"). With regard to the BALANCED GROWTH FUND, these expenses include the expenses of the underlying funds in which it invests, i.e. , the GROWTH FUND and the INCOME FUND. The expense information in this table has been restated to reflect the current fees and expenses of the BALANCED GROWTH FUND. The Total Annual Fund Operating Expenses for the BALANCED INCOME FUND do not correlate to the "Ratio of expenses to average net assets, excluding waivers" provided in the Financial Highlights section of this Prospectus, which reflects the operating expenses of the BALANCED INCOME FUND and does not include AFFE. AFFE are those expenses incurred indirectly by the BALANCED INCOME FUND as a result of investments in shares of one or more investment companies (referred to as "Acquired Funds"). With regard to the BALANCED INCOME FUND, these expenses include the expenses of the underlying funds in which it invests, i.e. , the GROWTH FUND and the INCOME FUND. The expense information in this table has been restated to reflect the current fees and expenses of the BALANCED INCOME FUND.