Devon Global Impact Bond Fund

From the Fund Provider

• About this fund

  About this Fund

  Fund type: Defensive fund

  Past Returns: *3.99%

  Average returns since the fund began, after fees and taxes. This fund does not yet have 3 years of data.

  
  Annual Fees: 0.59%

  Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

  In their own words

  The Fund aims to deliver long-term total returns in excess of the index by investing in a diverse portfolio of global bonds through investment in the Wellington Global Impact Bond Fund managed by Wellington Management Funds (Ireland) plc. The Wellington Global Impact Bond Fund aims is to improve access to, and the quality of, basic life essentials, reduce inequality and mitigate the effects of climate change.
  
  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	$65.2M NZD
  Period of data report	31st Dec. 2024
  Fund started	28th March 2022
  Total annual fund fees	0.59%
  Total performance based fees	0.0%
  Manager's basic fee	0.34%
  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, 11 months) Previously: Portfolio Manager, Devon Funds Management (6 years, 10 months)
  Tama Willis	Currently: Portfolio Manager, Devon Funds Management (12 years, 6 months) Previously: Investment Analyst, GIC Asset Management (2 years, 0 months)
  Patrick Washer	Currently: Portfolio Manager, Devon Funds Management (4 years, 6 months) Previously: Rank Group, Research Analyst (0 years, 3 months)
  Mark Brown	Currently: Chief Investment Officer, Devon Funds Management (7 years, 0 months) Previously: Head of Equities, ANZ (6 years, 0 months)

  This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.

  • Product Disclosure Statement v
  • Responsible Investmtent Policy v
  • Statement of Investment Policy and Objectives (SIPO) v
  • Portfolio Holdings v

• Past Returns

  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	3.59%	3.48%
  2023	-0.79%	-6.66%

  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 Dec. 2024.

• Investments

  Top 10 Investments

  • Wellington Global Impact Bond-Tachnzd

    Ireland Int Fixed Interest

    98.18%

  • NZD Cash At Bank

    New Zealand Cash and Equivalents

    1.82%

  Type	Target	Actual
  Cash and Cash Equivalents	50.0%	1.82%
  New Zealand Fixed Interest	0.0%	0.0%
  International Fixed Interest	50.0%	98.18%
  Australasian Equities	0.0%	0.0%
  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 by asset type.

  This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.