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 - 0.87% p.a. (GST Exempt) Administration Fee - 0.44% 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 |
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