Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed balanced funds is 8.32%.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Rio Tinto is a global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. Evidence shows that in 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable impact on the traditional owners from the loss of their heritage. There is also a pattern of evidence showing harmful community-related incidents involving Rio Tinto in West Papua, South Africa, Canada, the United States and Serbia.
Rio Tinto is also involved in fossil fuel power generation, as the company derives revenue from coal power plants through multiple associates and subsidiaries.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Rio Tinto is a global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. Evidence shows that in 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable impact on the traditional owners from the loss of their heritage. There is also a pattern of evidence showing harmful community-related incidents involving Rio Tinto in West Papua, South Africa, Canada, the United States and Serbia.
Rio Tinto is also involved in fossil fuel power generation, as the company derives revenue from coal power plants through multiple associates and subsidiaries.
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 | $159M NZD |
| Period of data report | 31st Dec. 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 |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (7 years, 11 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 6 months)
|
|
Patrick Washer |
Currently: Portfolio Manager, Devon Funds Management (4 years, 6 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 31st Dec. 2024.
Contact Energy Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Macquarie Group Ltd
Australia Australasian Equities
Goodman Group
Australia Australasian Equities
Seek Ltd
Australia Australasian Equities
Auckland International Airport Ltd
New Zealand Australasian Equities
AUD Cash At Bank
Australia Cash and Equivalents
Xero Ltd
Australia Australasian Equities
Resmed Inc
Australia Australasian Equities
Infratil Ltd
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 9.78% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 50.0% | 90.22% |
| 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% |
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.
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. 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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Rio Tinto is a global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. Evidence shows that in 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable impact on the traditional owners from the loss of their heritage. There is also a pattern of evidence showing harmful community-related incidents involving Rio Tinto in West Papua, South Africa, Canada, the United States and Serbia.
Rio Tinto is also involved in fossil fuel power generation, as the company derives revenue from coal power plants through multiple associates and subsidiaries.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
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.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
Where the actions of companies have violated global standards on human rights and freedoms including customary rights of indigenous people.
Rio Tinto is a global diversified miner, predominantly in iron ore but also copper, aluminium, diamonds, gold, and industrial minerals. Evidence shows that in 2020, Rio Tinto destroyed Aboriginal 46,000-year-old sacred sites at an iron mine in Western Australia, leaving a considerable impact on the traditional owners from the loss of their heritage. There is also a pattern of evidence showing harmful community-related incidents involving Rio Tinto in West Papua, South Africa, Canada, the United States and Serbia.
Rio Tinto is also involved in fossil fuel power generation, as the company derives revenue from coal power plants through multiple associates and subsidiaries.
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 | $159M NZD |
| Period of data report | 31st Dec. 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 |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (7 years, 11 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 6 months)
|
|
Patrick Washer |
Currently: Portfolio Manager, Devon Funds Management (4 years, 6 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 0 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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 31st Dec. 2024.
Contact Energy Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Macquarie Group Ltd
Australia Australasian Equities
Goodman Group
Australia Australasian Equities
Seek Ltd
Australia Australasian Equities
Auckland International Airport Ltd
New Zealand Australasian Equities
AUD Cash At Bank
Australia Cash and Equivalents
Xero Ltd
Australia Australasian Equities
Resmed Inc
Australia Australasian Equities
Infratil Ltd
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 9.78% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 50.0% | 90.22% |
| 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% |
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.
