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