Devon Funds Management

Devon Funds Management Limited (“Devon”) is an independent investment management business that specialises in building investment portfolios for our clients that are comprised of companies listed on the New Zealand and Australian stock exchanges. Our approach is an active one where our rigorous research and analytical skills are applied to maximum advantage.

Devon’s highly qualified and experienced investment team is committed to helping investors achieve their investment results. We believe our advantage lies in our people - a dedicated team of investment professionals with over 100 years combined experience in the investment industry both within Australasia and further afield. We’ve worked hard to assemble the right talent with the necessary skills and experience to manage our client’s portfolios.

And it’s not just our clients’ investments that we’re committed to growing. We take pride in the fact that Devon is independent and wholly owned by its employees, who maintain personal holdings in the Devon Funds, ensuring our investment team’s decisions and our clients’ interests are aligned at all times. This is why we manage in excess of $1 billion on behalf of a diverse range of leading New Zealand clients, including the New Zealand Superannuation Fund, Community Trusts, charities, KiwiSaver schemes, corporates pension schemes and individual investors.

Secure handling of client funds is important to us. At Devon we don’t handle any clients’ funds directly. Client funds are all held securely by highly regarded external Trustee companies and custodians. In addition, our business, internal processes and controls and the Funds are audited annually by PricewaterhouseCoopers to ensure we maintain best practice.

The Devon Internal Controls Audit Opinion and Devon Unit Trust Audit Report can be viewed by clicking the link below:

Devon Internal Controls Auditors Opinion 31 December 2012 prepared by PricewaterhouseCoopers                                                                                                                                       Devon Unit Trusts Audit Report 31 March 2013 prepared by PricewaterhouseCoopers.

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Updates

NEW: Devon Funds Combined Investment Statement

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Unit Price Update

Prices as at 21 July 2014
Devon Trans-Tasman Fund

Application/Redemption Price: $3.0165

Devon Alpha Fund

Application/Redemption Price: $1.3872

Devon Australian Fund

Application/Redemption Price: $1.1868

Devon Equity Income Fund

Application/Redemption Price: $1.4824

Distribution

The Funds distributed as follows:

15 April 2014
Devon Trans-Tasman Fund $0.057 per unit
Devon Alpha Fund $0.02 per unit
Devon Australian Fund $0.023 per unit
15 July 2014
Devon Equity Income Fund $0.017 per unit