| 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 |
_0.png){kind=small}
