Devon Sustainability Fund
The Fund invests in a select portfolio of well researched New Zealand and Australian listed companies that exhibit sustainable characteristics and those which demonstrate credible strategies to improve their outcomes with respect to ESG factors. The Sustainability Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark.
Devon is an independent investment management business that specialises in building investment portfolios for our clients that are comprised of companies listed on the New Zealand and Australian stock exchanges. Our approach is an active one where our rigorous research and analytical skills are applied to maximum advantage. Devon was established in March 2010 and is staffed by a number of leading investment professionals, most of whom are shareholders in the business.
| Value | $23.5M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 1st Sept. 2020 |
| Total annual fund fees | 1.3% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.01% |
| Other management and administration charges | 0.29% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (9 years, 2 months)
|
|
Ben Jenkin |
Currently: Portfolio Manager, Devon Funds Management (3 years, 3 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (13 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (8 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | -0.09% |
| 2025 | 4.27% | -1.26% |
| 2024 | 15.02% | 9.95% |
| 2023 | -4.85% | -1.72% |
| 2022 | 3.53% | 5.36% |
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 31st March 2026.
ANZ Banking Group
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Carsales.Com Ltd. - Ordinary Fully Paid
Australia Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Aub Group Ltd - Ordinary Fully Paid
Australia Australasian Equities
Mercury NZ Limited
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
NZD Cash At Bank
New Zealand Cash and Equivalents
AUD Cash At Bank
Australia Cash and Equivalents
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 6.86% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 95.0% | 93.14% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 2026 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.
The Fund invests in a select portfolio of well researched New Zealand and Australian listed companies that exhibit sustainable characteristics and those which demonstrate credible strategies to improve their outcomes with respect to ESG factors. The Sustainability Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark.
Devon is an independent investment management business that specialises in building investment portfolios for our clients that are comprised of companies listed on the New Zealand and Australian stock exchanges. Our approach is an active one where our rigorous research and analytical skills are applied to maximum advantage. Devon was established in March 2010 and is staffed by a number of leading investment professionals, most of whom are shareholders in the business.
| Value | $23.5M NZD |
| Period of data report | 31st March 2026 |
| Fund started | 1st Sept. 2020 |
| Total annual fund fees | 1.3% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.01% |
| Other management and administration charges | 0.29% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (9 years, 2 months)
|
|
Ben Jenkin |
Currently: Portfolio Manager, Devon Funds Management (3 years, 3 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (13 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (8 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 |
|---|---|---|
| 2026 | 10.96% | -0.09% |
| 2025 | 4.27% | -1.26% |
| 2024 | 15.02% | 9.95% |
| 2023 | -4.85% | -1.72% |
| 2022 | 3.53% | 5.36% |
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 31st March 2026.
ANZ Banking Group
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Carsales.Com Ltd. - Ordinary Fully Paid
Australia Australasian Equities
Ebos Group Limited
New Zealand Australasian Equities
Aub Group Ltd - Ordinary Fully Paid
Australia Australasian Equities
Mercury NZ Limited
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
NZD Cash At Bank
New Zealand Cash and Equivalents
AUD Cash At Bank
Australia Cash and Equivalents
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 6.86% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 95.0% | 93.14% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2026.
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 2026 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.
