Devon Alpha Fund

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Not Mindful
Type: Growth fund
Past Returns: 2.28%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.25%

Annual fees, including any membership and % management 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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

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
2020 -4.35% -6.14%
2019 6.14% 8.61%
2018 7.69% 4.36%
2017 8.26% 3.84%
2016 5.40% 1.98%
2015 12.09% 16.61%
2014 9.56% 28.28%
2013 13.67% 18.38%
2012 0.62% -8.54%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Cash and Cash Equivalents
    New Zealand Cash and Equivalents
    34.6%
  • CSL Limited
    Australia Australasian Equities
    8.77%
  • Contact Energy
    New Zealand Australasian Equities
    8.55%
  • A2 Milk Company Limited
    New Zealand Australasian Equities
    8.22%
  • Coles Group Limited
    Australia Australasian Equities
    7.29%
  • Brambles
    Australia Australasian Equities
    7.18%
  • Spark New Zealand Limited
    New Zealand Australasian Equities
    7.0%
  • Resmed
    Australia Australasian Equities
    6.45%
  • Ebos Group Limited
    New Zealand Australasian Equities
    5.61%
  • Z Energy Limited
    New Zealand Australasian Equities
    4.93%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 50.0% 34.6%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 50.0% 65.4%
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%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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 concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 2020 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 and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

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 $91M NZD
Period of data report Tue June 30th 2020
Members Not provided
Fund started Thu June 3rd 2010
Total annual fund fees 1.25%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.25%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mark Brown

Currently: Portfolio Manager (9 years, 9 months)
Previously: AXA/Alliance Bernstein Head of Fixed Interest (16 years, 4 months)

Tama Willis

Currently: Portfolio Manager Devon Funds Management (7 years, 9 months)
Previously: Investment Analyst GIC Asset Management (2 years, 0 months)

Nick Dravitzki

Currently: Portfolio Manager Devon Funds Management (7 years, 10 months)
Previously: Investment Analyst NZ Funds (2 years, 0 months)

Chris Gaskin

Currently: Portfolio Manager Devon Funds Management (10 years, 0 months)
Previously: Portfolio Manager Brook Asset Management (4 years, 2 months)

Slade Robertson

Currently: Managing Director Devon Funds Management (3 years, 2 months)
Previously: Portfolio Manager Devon Funds Management (6 years, 10 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.