Funds
Devon Alpha 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 10.05%
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 10.05%
Fossil Fuels
-
BHP Group Ltd 10.05%
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 9.16%
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 2.07%
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 10.05%
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
A concentrated portfolio of approximately 10-15 select companies listed on the New Zealand and Australian share markets. The Alpha Fund does not follow an equity index and is actively managed. When appropriate investment opportunities cannot be identified, the Alpha Fund may hold cash or cash equivalent securities. The Alpha Fund aims to generate capital growth over the long term.
| Value | $135M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 3rd June 2010 |
| Total annual fund fees | 2.42% |
| Total performance based fees | 1.17% |
| 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 | 9.61% | 12.55% |
| 2023 | -2.59% | 4.29% |
| 2022 | 1.06% | 10.71% |
| 2021 | 18.16% | 31.69% |
| 2020 | -1.83% | -6.14% |
| 2019 | 4.49% | 8.61% |
| 2018 | 4.41% | 4.36% |
| 2017 | 5.71% | 3.84% |
| 2016 | 3.06% | 1.98% |
| 2015 | 8.56% | 16.61% |
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 Equities12.16% -
Macquarie Group Ltd
Australia Australasian Equities12.12% -
Light & Wonder Inc
Australia Australasian Equities7.53% -
Infratil Ltd
New Zealand Australasian Equities7.14% -
CSL Limited
Australia Australasian Equities7.06% -
James Hardie Industries-Cdi
Australia Australasian Equities6.71% -
AUD Cash At Bank
Australia Cash and Equivalents6.43% -
Telstra Corp Ltd
Australia Australasian Equities6.22% -
Brambles Ltd
Australia Australasian Equities4.97% -
Auckland International Airport Ltd
New Zealand Australasian Equities4.95%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 11.78% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 50.0% | 88.22% |
| 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.