| Investment |
Objective - The Fund aims to provide investors with a high level of income relative to short term bank interest rates. The Fund also invests in a limited pool of growth assets with the aim of maintaining the value of capital after inflation. |
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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. Devon utilises its expertise in Australasian equities either directly or through our managed investment scheme. 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 control over this investment process. |
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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 1 year. |
| Fund Details |
Date of Establishment: 1 January 2016 |
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Date of Transition to the FMCA Regime: 14 October 2016 |
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Manager: Devon Funds Management Limited |
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Portfolio Manager: Slade Robertson |
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Supervisor: The New Zealand Guardian Trust Company Limited |
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Auditor: PricewaterhouseCoopers |
| Minimum Amount for: |
Initial Investment - $10,000 |
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Additional Investment - $1,000 or $100 per quarter with a regular savings plan |
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Withdrawal - $2,000 |
| Fees |
Entry, Exit & Switch Fees - Nil |
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Management Fee - 0.65% p.a. plus GST |
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Performance Fee - Nil |
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Trustee, custody and administration fees - Capped at 0.25% p.a. plus GST |
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Other Fund expenses - Abnormal or one-off costs, brokerage, all taxes that may be incurred by the Fund |
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| Distribution |
Distributions will be paid quarterly and can be re-invested. |
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| Applications & Withdrawals |
Daily, by 2.30pm (NZ time) to receive that COB price. |
| Unit pricing |
Available here |
| Previous Funds Updates |
Available here |