Fund Outline

Investment Objective - The Fund aims to give investors access to a diverse and carefully selected portfolio of high yielding investments and aims to outperform its benchmark on a rolling 12 month basis.
  Strategy - The Fund invests in a carefully selected portfolio of government and corporate bonds, cash, listed property, infrastructure and utility companies, high yielding equities, credit securities and other yielding financial assets. We employ the specialist services of the JBWere Fixed Interest team to advise on fixed interest security selection and aid in portfolio construction. Devon has oversight and control over this investment process.
  Limits - 0-100% Fixed Interest Securities, 0-100% Cash, 0-40% Listed Equities, 0-10% High Yield Credit
Portfolio Manager Slade Robertson
Hedging Fully hedged against currency movement. 
Structure Portfolio Investment Entity (PIE) registered
Suitability We recommend a minimum investment period of at least 3 years.
Fund Details Date of Establishment: 1 January 2016
  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 - 0.65% 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 quarterly and can be re-invested.
Applications & Withdrawals Daily, by 2.30pm (NZ time) to receive that COB price.
Unit pricing Available here
Previous Funds Updates  Available here