DEVON

SUSTAINABILITY

FUND

This Fund aims to generate capital growth over the long term by investing in those New Zealand and Australian listed companies that exhibit sustainable characteristics and which demonstrate credible strategies to improve their outcomes with respect to Environmental, Social and Governance (ESG) factors.

Devon Sustainability Fund

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 aims to achieve a 2% return in excess of the benchmark over a rolling three-year period. 
Strategy  The Fund will look to invest in those companies that exhibit sustainable characteristics and those which demonstrate credible strategies to improve their outcomes with respect to ESG factors. The Fund also employs an ethical screen which will prohibit investment into certain companies and sectors. The Fund invests in a select portfolio of well researched New Zealand and Australian listed companies. The Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark. While the Fund tends to be fully invested in shares, when there are few compelling investment opportunities the Fund may hold some cash or cash equivalent securities. 
Limits

 0-100% New Zealand equities (Australasian equities)

0-100% Australian equities (Australasian equities)

0-10% cash or cash equivalent securities. 

Benchmark 50:50 composite of the S&P/NZX50 Portfolio Index and the S&P/ASX200G index hedged to NZD. 
Portfolio Manager Slade Robertson - With over 20 years experience in both New Zealand and Australian investment industries, Slade's excellent track record is proof of his determination to pursue the best investment opportunities for his clients.
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: Slade Robertson
  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. 
Applications & Withdrawals Daily, by 2.30pm (NZ time) to receive that COB price.
Unit pricing Available here
Previous Funds Updates  Available here