| Investment |
Objectives - The Fund aims to generate capital growth over the long term by actively managing your Australian equity investments. |
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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. |
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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 |
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Date of Transition to the FMCA Regime: 14 October 2016 |
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Manager: Devon Funds Management Limited |
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Supervisor: The New Zealand Guardian Trust Company Limited |
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Auditor: PricewaterhouseCoopers |
| Minimum Amount for: |
Initial Investment - $10,000
|
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Additional Investment - $1,000 or $100 per quarter with a regular savings plan |
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Withdrawal: $2,000 |
| Fees |
Entry & Exit Fees - Nil |
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Management Fee - 1.0% p.a. |
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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. |
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Switching Fee - Nil |
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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 |
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