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

    • Rio Tinto Ltd 0.89%
    • BHP Group Ltd 6.43% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Contact Energy Ltd 6.77% 1.5°C
      This company is on a 1.5°C pathway
    • BHP Group Ltd 6.43% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Santos Ltd 2.05% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Rio Tinto Ltd 0.89%
    • Genesis Energy Ltd 0.67%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2023 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

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 $59.5M NZD
Period of data report 30th Sept. 2023
Fund started 30th Sept. 1998
Total annual fund fees 1.38%
Total performance based fees 0.13%
Manager's basic fee 1.0%
Other management and administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

Slade Robertson

Currently: Managing Director, Devon Funds Management (6 years, 8 months)
Previously: Portfolio Manager, Devon Funds Management (6 years, 10 months)

Tama Willis

Currently: Portfolio Manager, Devon Funds Management (11 years, 3 months)
Previously: Investment Analyst, GIC Asset Management (2 years, 0 months)

Mark Brown

Currently: Chief Investment Officer, Devon Funds Management (5 years, 9 months)
Previously: Head of Equities, ANZ (6 years, 0 months)

Chris Gaskin

Currently: Portfolio Manager, Devon Funds Management (13 years, 6 months)
Previously: Portfolio Manager, Brook Asset Management (4 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.

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
2023 -4.94% 1.02%
2022 1.99% 9.63%
2021 33.68% 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%
2014 9.56% 15.25%

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 Sept. 2023.

Top 10 Investments

  • CSL Limited
    Australia Australasian Equities
    7.02%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    6.77%
  • BHP Group Ltd
    Australia Australasian Equities
    6.43%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    4.49%
  • Aust and NZ Banking Group
    Australia Australasian Equities
    4.37%
  • Telstra Corp Ltd
    Australia Australasian Equities
    4.3%
  • Auckland International Airport Ltd
    New Zealand Australasian Equities
    4.29%
  • National Australia Bank Ltd
    Australia Australasian Equities
    4.05%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    3.95%
  • Infratil Ltd
    New Zealand Australasian Equities
    3.75%
Type Target Actual
Cash and Cash Equivalents 25.0% 3.53%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 75.0% 96.47%
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.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2023.