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

    • Contact Energy Ltd 10.87% 1.5°C
      This company is on a 1.5°C pathway

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

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 $125M NZD
Period of data report 30th Sept. 2023
Fund started 3rd June 2010
Total annual fund fees 1.25%
Total performance based fees 0.0%
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 -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%
2014 6.13% 28.28%

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

  • AUD Cash At Bank
    Australia Cash and Equivalents
    11.88%
  • Contact Energy Ltd
    New Zealand Australasian Equities
    10.87%
  • Goodman Group
    Australia Listed Property
    10.06%
  • Telstra Corp Ltd
    Australia Australasian Equities
    10.04%
  • Ryman Healthcare Ltd
    New Zealand Australasian Equities
    10.04%
  • CSL Limited
    Australia Australasian Equities
    9.81%
  • Macquarie Group Ltd
    Australia Australasian Equities
    7.11%
  • Seek Ltd
    Australia Australasian Equities
    5.08%
  • Aristocrat Leisure Ltd
    Australia Australasian Equities
    4.99%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    4.99%
Type Target Actual
Cash and Cash Equivalents 50.0% 15.12%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 50.0% 84.88%
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.