Devon Sustainability Fund
Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed aggressive funds is 12.02%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Contact Energy represents our only exposure to fossil fuels, which is derived from a small proportion of their energy generation. We expect this to be materially reduced over the next few years with the closure of relevant power stations. Contact has a Net Zero pathway for Scope 1 and 2 by 2035, and intends to be fully Net Zero by 2050.
Metcash distributes food, liquor and hardware and as such is a distributer of alcohol. They do not produce alcohol and therefore are not subject to our negative screening.
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 | $28.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 1st Sept. 2020 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.02% |
| 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 (8 years, 2 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
|
|
Ben Jenkin |
Currently: Portfolio Manager, Devon Funds Management (2 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.07% | -1.26% |
| 2024 | 15.78% | 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 2025.
Contact Energy Limited
New Zealand Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Freightway - Freightways Group Limited Ordinary Shares
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Meridian Energy Lt Npv
New Zealand Australasian Equities
Telstra Corporation Limited
Australia Australasian Equities
Brambles Limited
Australia Australasian Equities
Cleanaway Waste Ltd - Ordinary Fully Paid
Australia Australasian Equities
CSL Limited
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 3.94% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 95.0% | 96.06% |
| 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 2025.
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 2025 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Contact Energy represents our only exposure to fossil fuels, which is derived from a small proportion of their energy generation. We expect this to be materially reduced over the next few years with the closure of relevant power stations. Contact has a Net Zero pathway for Scope 1 and 2 by 2035, and intends to be fully Net Zero by 2050.
Metcash distributes food, liquor and hardware and as such is a distributer of alcohol. They do not produce alcohol and therefore are not subject to our negative screening.
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 | $28.9M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 1st Sept. 2020 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.02% |
| 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 (8 years, 2 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
|
|
Ben Jenkin |
Currently: Portfolio Manager, Devon Funds Management (2 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.07% | -1.26% |
| 2024 | 15.78% | 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 2025.
Contact Energy Limited
New Zealand Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Infratil Limited
New Zealand Australasian Equities
Freightway - Freightways Group Limited Ordinary Shares
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Meridian Energy Lt Npv
New Zealand Australasian Equities
Telstra Corporation Limited
Australia Australasian Equities
Brambles Limited
Australia Australasian Equities
Cleanaway Waste Ltd - Ordinary Fully Paid
Australia Australasian Equities
CSL Limited
Australia Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 3.94% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 95.0% | 96.06% |
| 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 2025.
