Fund Outline

Investment  Objectives - The Fund aims to generate capital growth over the long term by actively managing your Australian equity investments. 
  Strategy - The Fund invests in a select portfolio of  companies which are primarily Australian listed companies. The Australian market offers exposure to a number of sectors that are not available in New Zealand.
  Limits - 80 – 100% AU shares, 0 – 20% Cash
Portfolio Manager Slade Robertson
Hedging The Fund has the ability to hedge its foreign currency exposure in a range from 0-100%. The Fund is typically unhedged in accordance with our hedging policy.
Structure Portfolio Investment Entity (PIE) registered
Suitability We recommend a minimum investment period of at least 5 years.
Fund Details Date of Establishment: 20 August 2010
  Date of Transition to the FMCA Regime: 14 October 2016
  Manager: Devon Funds Management Limited
  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 Fees - Nil
  Management Fee - 1.0% p.a.
  Performance Fee - The performance fee is 10% of the net return of the Fund (reflected in the unit price) over the hurdle rate of return for the relevant period.
  Switching Fee - Nil
  Other Fees - Please refer to the Product Disclosure Statement for details of other fees
Distributions 6 Monthly (at Manager's discretion)
Trailing Commission Nil
Buy/Sell Spread Nil
Applications & Withdrawals Daily, by 2.30pm (NZ time) to receive that COB price.
Unit pricing Available here
Previous Funds Updates  Available here