Mindful Money RIAA

Fund Outline

Investment Objective This Fund aims to generate capital growth over the long term by actively managing your New Zealand and Australian equity investments. The Fund also aims to deliver 5% return above the MSCI ESG benchmark over a rolling three-year period.
Strategy  The Fund will look to invest in those companies that score highly on overall environmental, social and corporate governance performance. The Fund also employs an ethical screen that will exclude companies where more than 10% of business revenue is derived from the manufacture of alcohol, gambling, pornography and the exploration, extraction, refining or processing of fossil fuels. The Fund will also employ an ethical screen that will exclude companies where any business revenue is derived from the manufacturing of tobacco products or armaments. The Fund invests in a select portfolio of well researched New Zealand and Australian listed companies. 

0-100% New Zealand shares (Australasian equities)

0-100% Australian shares (Australasian equities)

0-10% cash or cash equivalent securities. 

Exclusions Available here
Benchmark 50:50 composite of the S&P/NZX50 Portfolio Index and the S&P/ASX200G index hedged to NZD. 
Portfolio Manager Mark Brown
Hedging Permitted range 0-100% 
Structure Portfolio Investment Entity (PIE) registered
Suitability We recommend a minimum investment period of at least 5 years.
Fund Details Date of Establishment: 1 July 2020
  Date of Transition to the FMCA Regime: 14 October 2016
  Manager: Devon Funds Management Limited
  Portfolio Manager: Mark Brown
  Supervisor: The New Zealand Guardian Trust Company Limited
  Auditor: PricewaterhouseCoopers
Minimum Amount for: Initial Investment - $10,000
  Additional Investment - $1,000 or $100 per quarter with a regular savings plan
  Withdrawal - $2,000
Fees Entry, Exit & Switch Fees - Nil
  Management Fee - 1.00% p.a. plus GST
  Performance Fee - Nil
  Trustee, custody and administration fees - Capped at 0.25% p.a. plus GST
  Other Fund expenses - Abnormal or one-off costs, brokerage, all taxes that may be incurred by the Fund
Distribution Distributions will be paid half yearly, at the Manager's discretion
Applications & Withdrawals Daily, by 2.30pm (NZ time) to receive that COB price.
Unit pricing Available here
Previous Funds Updates  Available here


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Download the Devon Sustainability Fund Holdings here