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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 also aims to deliver 5% return above the MSCI ESG benchmark over a rolling three-year period. |
| Strategy | The Fund will look to invest in those companies that score highly on overall environmental, social and corporate governance performance. The Fund also employs an ethical screen that will exclude companies where more than 10% of business revenue is derived from the manufacture of alcohol, gambling, pornography and the exploration, extraction, refining or processing of fossil fuels. The Fund will also employ an ethical screen that will exclude companies where any business revenue is derived from the manufacturing of tobacco products or armaments. The Fund invests in a select portfolio of well researched New Zealand and Australian listed companies. |
| Limits |
0-100% New Zealand shares (Australasian equities) 0-100% Australian shares (Australasian equities) 0-10% cash or cash equivalent securities. |
| Exclusions | Available here |
| Benchmark | 50:50 composite of the S&P/NZX50 Portfolio Index and the S&P/ASX200G index hedged to NZD. |
| Portfolio Manager | Mark Brown |
| 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: Mark Brown | |
| 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, at the Manager's discretion |
| Applications & Withdrawals | Daily, by 2.30pm (NZ time) to receive that COB price. |
| Unit pricing | Available here |
| Previous Funds Updates | Available here |
Download our Proxy Voting Report here
Download the Devon Sustainability Fund Holdings here
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