The Global Themes Fund is a unit trust managed by Devon with investment advice provided by JBWere. The Fund holds an investment portfolio of global financial assets and cash. These assets may include Exchange Traded Funds, equity securities (shares), Index Funds, future contracts, currency positions and derivative securities.

FUND UPDATE CLICK HERE TO INVEST IN THE GLOBAL THEMES FUND


Fund Outline

Investment Objective - The investment objective of the allocation to global financial assets is to outperform the Benchmark (the MSCI All Country World Index 50% hedged to New Zealand dollars) after management fees.
  Strategy - The Fund will hold an investment portfolio of global financial assets and cash. These assets may include Exchange Traded Funds, listed equity securities, index funds, futures contracts, currency positions and derivative securities. The Global Themes Fund is actively managed, which means the holdings and investment returns may differ considerably from its benchmark.
  Limits - 80-100% Global Financial Assets, 0-20% Cash
Hedging 0-100% (typically 50% hedged)
Structure Portfolio Investment Entity (PIE) registered
Suitability We recommend a minimum investment period of at least 5 years.
Fund Details Date of Establishment: 17 September 2014
  Date of Transition to the FMCA Regime: 14 October 2016
  Manager: Devon Funds Management Limited
  Investment Adviser: JBWere (NZ) Pty Limited
  Trustee: Trustee Executors Limited
  Auditor: PricewaterhouseCoopers
Minimum Amount for: Initial Investment - $2,000
  Additional Investment - $1,000 or $100 per quarter with a regular savings plan
  Withdrawal - $2,000
Fees Entry, Exit & Switch Fees - Nil
  Management Fee - 0.90% p.a. plus GST
  Performance Fee - The Manager has no intention of charging a Performance fee for this Fund at this time
  Trustee, custody and administration fees - Capped at 0.30% p.a. plus GST
  Other Fund expenses - Abnormal or one-off costs, brokerage, all taxes that may be incurred by the Fund
  Adviser Fee - The Manager has no intention of charging an Adviser fee for this Fund at this time
Distribution Ability to pay 6 Monthly distributions (at Manager's discretion). Currently, Devon does not intend to make distributions from the Fund.
Trailing Commission Nil
Applications & Withdrawals Daily, by 2.30pm (NZ time) to receive that COB price.
Unit pricing Available here

 

The Fund is governed by the Trust Deed dated 30 September 2016 and Fund is established within a registered managed investment scheme under the Financial Markets Conduct Act 2013 (FMC Act). You can download a copy of the Product Disclosure Statement and Fund Update below for more detailed information about the Devon Investment Funds. You can review a copy of the Trust Deed, Product Disclosure Statement and other important Scheme documents at any time by contacting us or electronically on our website or on the Scheme's register on www.business.govt.nz/disclose.