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. |
| Strategy - The Fund invests in a select portfolio of well researched companies which are primarily New Zealand and Australian listed companies. | |
| Limits - 0–100% NZ shares, 0–100% AU shares, 0– 50% Cash | |
| Portfolio Manager | Tama Willis |
| Hedging | The Fund is typically unhedged in accordance with our hedging policy. |
| Structure | Portfolio Investment Entity (PIE) registered |
| Suitability | Suitable for New Zealand investors who want an actively managed, concentrated, exposure to the New Zealand and Australian stock markets. Given the nature of this investment, we recommend a minimum investment period of at least five years. |
| Fund Details | Date of Establishment: September 1998 |
| Date of Transition to the FMCA Regime: 14 October 2016 | |
| Manager: Devon Funds Management Limited | |
| 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 | |
| Entry, Exit & Switch Fees - Nil | |
| Management Fee - 1.0% p.a. | |
| Performance Fee - 10% of the net return of the Fund (reflected in the unit price) over the hurdle rate of return for the relevant period. | |
| Other Fees - Please refer to the investment statement for details of other fees | |
| Trailing Commission | Nil |
| Buy/Sell Spread | Nil |
| Applications & Withdrawals | Daily, by 2.30pm (NZ time) to receive that COB price. |
| Unit pricing | Available here |
| Previous Funds Updates | Available here |
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