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Devon

Trans-Tasman

Fund

Fund Update

The Trans-Tasman Fund invests in a high conviction portfolio of 25-35 well researched shares which are primarily New Zealand and Australian listed companies.

The Fund is actively managed, which means the holdings may differ considerably from its composite 50:50 NZX50 and ASX200 index. While the Fund tends to be fully invested, when there are few compelling investment opportunities, the Fund may hold up to 50% cash or cash equivalent securities.

Invest in this Fund

Devon Trans-Tasman Fund

Fund Outline

Investment Objective - The 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 approximately 25-35 well researched companies which are primarily New Zealand and Australian listed companies. The Trans-Tasman Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark. While the Trans-Tasman Fund tends to be fully invested in shares, when there are few compelling investment opportunities the Fund may hold some cash or cash equivalent securities.
  Limits - 0–100% NZ shares, 0–100% AU shares, 0– 50% Cash
Portfolio Manager Tama Willis -  Tama has over 17 years industry experience.
Hedging While only the active Australian exposure above benchmark is typically hedged, the Manager can increase hedging levels.
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.
  Payable when the rolling 12-month net return (after fees and expenses, but before performance fees) exceeds a hurdle rate of 9.85%. The performance fee is 10% of the performance over the hurdle rate and is subject to a high water mark.
  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