Not Mindful
Fund type: Aggressive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership 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
Contact Energy Ltd 6.69%
Genesis Energy Ltd 6.14%
BHP Group Ltd 5.92%
Woodside Energy Group Ltd 0.99%
Gambling
Sky City Entertainment Group 3.47%
Human Rights & Environmental Violations
BHP Group Ltd 5.92%
Rio Tinto Ltd 1.96%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Fri Sept. 30th 2022 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.
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 |
---|---|---|
2022 | 3.19% | 10.61% |
2021 | 36.07% | 36.44% |
2020 | -7.33% | -20.99% |
2019 | 10.16% | 17.08% |
2018 | 7.53% | -3.55% |
2017 | 9.49% | 6.96% |
2016 | 4.71% | 12.6% |
2015 | 14.67% | 25.79% |
2014 | 10.13% | 10.12% |
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 Fri Sept. 30th 2022.
Showing the top 10 investments for this fund:
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Spark New Zealand Limited
New Zealand Australasian Equities8.92% -
ANZ Banking Group
Australia Australasian Equities7.65% -
National Australian Bank
Australia Australasian Equities7.23% -
Contact Energy
New Zealand Australasian Equities6.69% -
Telstra Corporation
Australia Australasian Equities6.33% -
Genesis Energy Limited
New Zealand Australasian Equities6.14% -
BHP Billiton
Australia Australasian Equities5.92% -
Mercury NZ Limited (Ns)
New Zealand Australasian Equities4.01% -
Suncorp Group Limited
Australia Australasian Equities3.72% -
Kiwi Income Property Trust
New Zealand Australasian Equities3.59%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 2022.
How the money in this fund is invested against the fund's targets.
Target
Actual
Type | Target | Actual |
---|---|---|
Cash and Cash Equivalents | 5.0% | 1.61% |
New Zealand Fixed Interest | 0.0% | 0.0% |
International Fixed Interest | 0.0% | 0.0% |
Australasian Equities | 95.0% | 98.39% |
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% |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.
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Issue of concernDoes this fund say it excludes this?Actual holdings
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Adult Entertainment/Pornography:0.00%
-
Alcohol:0.00%
-
Animal Testing:0.00%
-
Fossil Fuels:19.73%
-
Gambling:3.47%
-
GMOs:0.00%
-
Human Rights & Environmental Violations:7.88%
-
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 Fri Sept. 30th 2022 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.
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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.
In their own words
"The Fund invests in a select portfolio of New Zealand and Australian listed equity securities chosen for their attractive dividend yields, with some growth prospects to maintain the dividend yield and capital value in real terms."
Value | $20M NZD |
Period of data report | Fri Sept. 30th 2022 |
Fund started | Thu Dec. 20th 2012 |
Total annual fund fees | 1.32% |
Total performance based fees | 0.32% |
Manager's basic fee | 0.7% |
Other management and administration charges | 0.3% |
Total other charges | 0.0 |
Total other charges currency | NZD |
Key Personnel
Slade Robertson |
Currently: Managing Director, Devon Funds Management (5 years, 8 months) |
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (10 years, 3 months) |
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (4 years, 9 months) |
Chris Gaskin |
Currently: Portfolio Manager, Devon Funds Management (12 years, 6 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 2022.
Downloads
Download the fund's disclosure statement and portfolio holdings.