Fund type: Aggressive fund
Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.
Annual fees, including management and administration fees, but not membership fee.
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.
BHP Group Ltd 10.36%
Santos Ltd 4.24%
Sky City Entertainment Group 9.55%
Metcash Limited 3.14%
Human Rights & Environmental Violations
BHP Group Ltd 10.36%
This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Thu March 31st 2022 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.
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.
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|
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 Thu March 31st 2022.
Showing the top 10 investments for this fund:
Australia Australasian Equities12.09%
Australia Australasian Equities10.36%
Cleanaway Waste Management
Australia Australasian Equities10.1%
Australia Australasian Equities9.85%
Sky City Entertainment
New Zealand Australasian Equities9.55%
New Zealand Australasian Equities8.36%
Ramsay Health Care
Australia Australasian Equities5.38%
Auckland International Airport
New Zealand Australasian Equities5.06%
Australia Australasian Equities4.98%
Australia Australasian Equities4.24%
This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 2022.
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||50.0%||2.67%|
|New Zealand Fixed Interest||0.0%||0.0%|
|International Fixed Interest||0.0%||0.0%|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.
Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).
The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.
Issue of concernDoes this fund say it excludes this?Actual holdings
Human Rights & Environmental Violations:10.36%
Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.
Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.
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."
|Period of data report||Thu March 31st 2022|
|Fund started||Thu June 3rd 2010|
|Total annual fund fees||1.61%|
|Total performance based fees||0.36%|
|Manager's basic fee||1.0%|
|Other management and administration charges||0.25%|
|Total other charges||0.0|
|Total other charges currency||NZD|
Currently: Portfolio Manager (11 years, 6 months)
Currently: Portfolio Manager, Devon Funds Management (9 years, 9 months)
Currently: Managing Director, Devon Funds Management (5 years, 2 months)
Currently: Portfolio Manager, Devon Funds Management (12 years, 0 months)
Download the fund's disclosure statement and portfolio holdings.