Devon Diversifed Income Fund

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Not Mindful
Type: Conservative fund
Past Returns: 1.44%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.9%

Annual fees, including any membership and % management fee.

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.


Fossil Fuel

BHP Billiton 0.32%
Woodside Petroleum 0.40%

Gambling

Sky City Entertainment 0.44%

Human Rights & Environmental Violations

BHP Billiton 0.32%
Rio Tinto Limited 0.34%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 -0.18% -3.87%
2019 4.54% 5.8%
2018 3.22% 2.39%
2017 3.53% 2.8%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Devon Dividend Yield Fund
    New Zealand Australasian Equities
    17.11%
  • Cash and Cash Equivalents
    New Zealand Cash and Equivalents
    16.96%
  • Westpac New Zealand Limited
    New Zealand NZ Fixed Interest AA-
    9.9%
  • Abb 19/08/2024 1.83% ASB Bank Limited Bonds
    New Zealand NZ Fixed Interest AA-
    9.03%
  • ANZ Bank New Zealand Ltd Bonds 3.71% 01/09/2023
    New Zealand NZ Fixed Interest AA-
    6.36%
  • Quayside Holdings Limited Perpetual
    New Zealand NZ Fixed Interest
    4.45%
  • Hbl 12/04/2024 3.55% Heartland Bank Ltd Notes
    New Zealand NZ Fixed Interest
    3.8%
  • Cen 15/08/2024 3.55% Contact Energy Limited Bonds
    New Zealand NZ Fixed Interest BBB
    3.51%
  • Auckland International Airport 3.51% 10/10/2024
    New Zealand NZ Fixed Interest AA-
    3.34%
  • BNZ 15/06/2023 4.102% Bank Of New Zealand Medium T
    New Zealand NZ Fixed Interest A-
    3.18%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 40.0% 16.96%
New Zealand Fixed Interest 40.0% 65.94%
International Fixed Interest 0.0% 0.0%
Australasian Equities 15.0% 17.11%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 5.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.72%
  • Gambling:
    0.44%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.66%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words

"The Fund invests in a carefully selected portfolio of government and corporate bonds cash listed property infrastructure and utility companies high yielding equities credit securities and other yielding financial assets."

Value $6.6M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Fri Jan. 1st 2016
Total annual fund fees 0.9%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Brown

Currently: Portfolio Manager (9 years, 9 months)
Previously: AXA/Alliance Bernstein Head of Fixed Interest (16 years, 4 months)

Tama Willis

Currently: Portfolio Manager Devon Funds Management (7 years, 9 months)
Previously: Investment Analyst GIC Asset Management (2 years, 0 months)

Nick Dravitzki

Currently: Portfolio Manager Devon Funds Management (7 years, 10 months)
Previously: Investment Analyst NZ Funds (2 years, 0 months)

Chris Gaskin

Currently: Portfolio Manager Devon Funds Management (10 years, 0 months)
Previously: Portfolio Manager Brook Asset Management (4 years, 2 months)

Slade Robertson

Currently: Managing Director Devon Funds Management (3 years, 2 months)
Previously: Portfolio Manager Devon Funds Management (6 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital invested. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.