Funds

Devon Alpha Fund

Total Ethical Concerns: 15.48%

The average total concerns of all managed balanced funds is 8.32%.

Companies of Concern

  • Fossil Fuels 15.48%

    • BHP
      7.88%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      7.88%
    • Contact Energy Ltd.
      7.60%
      1.5°C
      This company is on a 1.5°C pathway
      7.60%
  • Environmental Harm 7.88%

    • BHP
      7.88%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      7.88%

From the Fund Provider

  • About this fund

    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 $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)
    Previously: Portfolio Manager, Devon Funds Management (6 years, 10 months)

    Tama Willis

    Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
    Previously: Investment Analyst, GIC Asset Management (2 years, 0 months)

    Patrick Washer

    Currently: Investment Analyst, Devon Funds Management (4 years, 9 months)
    Previously: Rank Group, Research Analyst (0 years, 3 months)

    Mark Brown

    Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
    Previously: Head of Equities, ANZ (6 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    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.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Ltd

      New Zealand Australasian Equities

      10.3%
    • BHP Group Ltd

      Australia Australasian Equities

      7.88%
    • Contact Energy Ltd

      New Zealand Australasian Equities

      7.6%
    • Summerset Group Holdings Ltd

      New Zealand Australasian Equities

      7.24%
    • Cleanaway Waste Management Ltd

      Australia Australasian Equities

      7.09%
    • Brambles Ltd

      Australia Australasian Equities

      6.84%
    • Xero Ltd

      Australia Australasian Equities

      6.8%
    • Resmed Inc

      Australia Australasian Equities

      6.45%
    • Port Of Tauranga Ltd

      New Zealand Australasian Equities

      5.29%
    • Freightways Group Ltd

      New Zealand Australasian Equities

      4.9%
    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%

    Investment Mix

    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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 15.48% Fossil Fuels
  • 0.0% Weapons
  • 7.88% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • BHP
      7.88%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      7.88%
    • Contact Energy Ltd.
      7.60%
      1.5°C
      This company is on a 1.5°C pathway
      7.60%
  • Environmental Harm

    • BHP
      7.88%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      7.88%

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 $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)
Previously: Portfolio Manager, Devon Funds Management (6 years, 10 months)

Tama Willis

Currently: Portfolio Manager, Devon Funds Management (12 years, 9 months)
Previously: Investment Analyst, GIC Asset Management (2 years, 0 months)

Patrick Washer

Currently: Investment Analyst, Devon Funds Management (4 years, 9 months)
Previously: Rank Group, Research Analyst (0 years, 3 months)

Mark Brown

Currently: Chief Investment Officer, Devon Funds Management (7 years, 3 months)
Previously: Head of Equities, ANZ (6 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
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.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd

    New Zealand Australasian Equities

    10.3%
  • BHP Group Ltd

    Australia Australasian Equities

    7.88%
  • Contact Energy Ltd

    New Zealand Australasian Equities

    7.6%
  • Summerset Group Holdings Ltd

    New Zealand Australasian Equities

    7.24%
  • Cleanaway Waste Management Ltd

    Australia Australasian Equities

    7.09%
  • Brambles Ltd

    Australia Australasian Equities

    6.84%
  • Xero Ltd

    Australia Australasian Equities

    6.8%
  • Resmed Inc

    Australia Australasian Equities

    6.45%
  • Port Of Tauranga Ltd

    New Zealand Australasian Equities

    5.29%
  • Freightways Group Ltd

    New Zealand Australasian Equities

    4.9%
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%

Investment Mix

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.