Funds
Devon Australian Fund
Issues of concern
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Human Rights Violations
-
Rio Tinto Ltd 2.41%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
-
Rio Tinto Ltd 2.41%
Environmental Harm
-
BHP Group Ltd 11.32%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
BHP Group Ltd 11.32%
Fossil Fuels
-
BHP Group Ltd 11.32%
Environmental Damage
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Santos Ltd 4.07%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Rio Tinto Ltd 2.41%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Human Rights Abuses
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
-
South32 Ltd 1.30%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Woodside Energy Group Ltd 0.97%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
BHP Group Ltd 11.32%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 31st March 2024 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
About this fund
In their own words
A select portfolio of companies which are primarily Australian listed companies. The Australian market offers exposure to a number of sectors that are not available in New Zealand. The Australian Fund is actively managed, which means the holdings and investment returns may differ considerably from its benchmark. The Fund tends to be fully invested in shares but can hold cash.
| Value | $12.4M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 20th Aug. 2010 |
| Total annual fund fees | 1.29% |
| Total performance based fees | 0.04% |
| Manager's basic fee | 1.0% |
| Other management and administration charges | 0.25% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (7 years, 5 months) |
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 0 months) |
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (6 years, 6 months) |
|
Chris Gaskin |
Currently: Portfolio Manager, Devon Funds Management (14 years, 3 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
Past Returns
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2024 | 14.61% | 15.93% |
| 2023 | -4.85% | -0.35% |
| 2022 | 3.53% | 11.36% |
| 2021 | 35.55% | 42.57% |
| 2020 | -7.06% | -18.66% |
| 2019 | 10.17% | 7.71% |
| 2018 | 7.53% | -3.57% |
| 2017 | 9.49% | 15.3% |
| 2016 | 4.71% | 3.43% |
| 2015 | 14.67% | 15.89% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
Top 10 Investments
-
BHP Group Ltd
Australia Australasian Equities10.05% -
CSL Limited
Australia Australasian Equities9.04% -
National Australia Bank Ltd
Australia Australasian Equities6.74% -
Aust and NZ Banking Group
Australia Australasian Equities5.75% -
Macquarie Group Ltd
Australia Australasian Equities5.05% -
Telstra Corp Ltd
Australia Australasian Equities4.62% -
Commonwealth Bank Of Australia
Australia Australasian Equities4.28% -
Suncorp Group Ltd
Australia Australasian Equities3.55% -
Santos Ltd
Australia Australasian Equities3.02% -
Goodman Group
Australia Listed Property2.91%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 10.0% | 4.61% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 90.0% | 95.39% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.