Funds
Devon Trans-Tasman 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
Environmental Harm
-
BHP Group Ltd 7.17%
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 7.17%
Fossil Fuels
-
BHP Group Ltd 7.17%
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.
-
Contact Energy Ltd 4.90%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Santos Ltd 2.74%
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.
-
Genesis Energy Ltd 0.15%
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
GENESIS ENERGY LTD Fossil Fuel Power Generation
Genesis Energy is engaged in energy generation, trading and selling of electricity, and owns a portfolio of fossil fuel and renewable generation assets across New Zealand. Evidence shows that thermal generation from gas represents a significant portion of the company's total power generation (from the Huntly power station), and that oil and gas power revenues represent approximately 35% of the company's total revenue.
-
BHP Group Ltd 7.17%
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
The Fund invests in a select portfolio of well researched companies which are primarily New Zealand and Australian listed companies. The Trans-Tasman Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark.
| Value | $71.8M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 30th Sept. 1998 |
| Total annual fund fees | 1.4% |
| Total performance based fees | 0.15% |
| 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 | 12.57% | 10.55% |
| 2023 | -4.05% | 1.02% |
| 2022 | 1.38% | 9.63% |
| 2021 | 27.68% | 34.49% |
| 2020 | -4.45% | -10.75% |
| 2019 | 6.12% | 15.91% |
| 2018 | 8.66% | -0.27% |
| 2017 | 7.20% | 10.27% |
| 2016 | 5.40% | 6.51% |
| 2015 | 12.09% | 17.68% |
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
-
Contact Energy Ltd
New Zealand Australasian Equities6.42% -
Infratil Ltd
New Zealand Australasian Equities6.0% -
CSL Limited
Australia Australasian Equities5.78% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities5.36% -
BHP Group Ltd
Australia Australasian Equities5.08% -
Aust and NZ Banking Group
Australia Australasian Equities4.21% -
Auckland International Airport Ltd
New Zealand Australasian Equities3.69% -
Macquarie Group Ltd
Australia Australasian Equities3.65% -
Telstra Corp Ltd
Australia Australasian Equities2.93% -
Light & Wonder Inc
Australia Australasian Equities2.91%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 25.0% | 3.51% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 75.0% | 96.49% |
| 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.