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 |