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, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
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.
One of the world's largest mining companies, headquartered in Australia with operations globally. In 2015 Samarco (a BHP joint venture with Vale SA) caused the Mariana dam disaster releasing huge quantities of heavy metal waste into the Doce River basin. This is the largest pollution incident ever recorded and devastated communities and the ecosystem. BHP also mines thermal coal. While it sold some coal mines, it will continue to operate the Mt Arthur mine in New South Wales until 2030.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
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.
One of the world's largest mining companies, headquartered in Australia with operations globally. In 2015 Samarco (a BHP joint venture with Vale SA) caused the Mariana dam disaster releasing huge quantities of heavy metal waste into the Doce River basin. This is the largest pollution incident ever recorded and devastated communities and the ecosystem. BHP also mines thermal coal. While it sold some coal mines, it will continue to operate the Mt Arthur mine in New South Wales until 2030.
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 | $157M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 3rd June 2010 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.29% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (8 years, 2 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
|
|
Patrick Washer |
Currently: Investment Analyst, Devon Funds Management (4 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.02% | -3.16% |
| 2024 | 9.97% | 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% |
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 March 2025.
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities
BHP Group Ltd
Australia Australasian Equities
Contact Energy Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Cleanaway Waste Management Ltd
Australia Australasian Equities
Brambles Ltd
Australia Australasian Equities
Xero Ltd
Australia Australasian Equities
Resmed Inc
Australia Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Freightways Group Ltd
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 8.9% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 50.0% | 91.1% |
| 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 March 2025.
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 2025 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, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
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.
One of the world's largest mining companies, headquartered in Australia with operations globally. In 2015 Samarco (a BHP joint venture with Vale SA) caused the Mariana dam disaster releasing huge quantities of heavy metal waste into the Doce River basin. This is the largest pollution incident ever recorded and devastated communities and the ecosystem. BHP also mines thermal coal. While it sold some coal mines, it will continue to operate the Mt Arthur mine in New South Wales until 2030.
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
One of Aotearoa New Zealand’s largest electric utilities companies. Operates three thermal power stations that employ gas and diesel. In FY2024, 81% of the energy Contact generated came from renewable energy (lower than in 2023 due to a dry winter). However, at the end of 2024 Contact opened a major new geothermal renewable facility - the Tauhara plant. It is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
Where companies, through their products or operations, are involved in environmental degradation e.g., pollution, chemical spills.
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.
One of the world's largest mining companies, headquartered in Australia with operations globally. In 2015 Samarco (a BHP joint venture with Vale SA) caused the Mariana dam disaster releasing huge quantities of heavy metal waste into the Doce River basin. This is the largest pollution incident ever recorded and devastated communities and the ecosystem. BHP also mines thermal coal. While it sold some coal mines, it will continue to operate the Mt Arthur mine in New South Wales until 2030.
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 | $157M NZD |
| Period of data report | 31st March 2025 |
| Fund started | 3rd June 2010 |
| Total annual fund fees | 1.31% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.02% |
| Other management and administration charges | 0.29% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Slade Robertson |
Currently: Managing Director, Devon Funds Management (8 years, 2 months)
|
|
Tama Willis |
Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
|
|
Patrick Washer |
Currently: Investment Analyst, Devon Funds Management (4 years, 9 months)
|
|
Mark Brown |
Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.
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 |
|---|---|---|
| 2025 | 4.02% | -3.16% |
| 2024 | 9.97% | 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% |
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 March 2025.
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities
BHP Group Ltd
Australia Australasian Equities
Contact Energy Ltd
New Zealand Australasian Equities
Summerset Group Holdings Ltd
New Zealand Australasian Equities
Cleanaway Waste Management Ltd
Australia Australasian Equities
Brambles Ltd
Australia Australasian Equities
Xero Ltd
Australia Australasian Equities
Resmed Inc
Australia Australasian Equities
Port Of Tauranga Ltd
New Zealand Australasian Equities
Freightways Group Ltd
New Zealand Australasian Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 50.0% | 8.9% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 50.0% | 91.1% |
| 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 March 2025.
