Devon Australian Fund

Click here to download the Devon Australian Fund Fact Sheet


The Fund invests in a diversified portfolio of 25-35 well researched shares which are primarily Australian listed companies. The Fund will not own New Zealand shares. The Australian market offers exposure to a number of sectors that are not available in New Zealand. The Fund is actively managed, which means the holdings may differ considerably from its ASX200 index. While the Fund tends to be fully invested, when there are few compelling investment opportunities, the Fund may hold up to 20% cash or cash equivalent securities.

Investment Objective

The Fund aims to generate capital growth over the long term by actively managing your Australian equity investments.

Investment Approach

Investments in companies will tend to be in ones that operate in areas of the economy where we believe there is strong growth and the company has a sustainable competitive advantage over its competition. In addition, we will also seek out short-term investment opportunities.

Investment Limits

80 – 100% Australian shares

0 –  20% Cash

Suitability

Suitable for investors  who want a high quality, actively managed exposure to the Australian stock market. Given the nature of this investment, we recommend a minimum investment period of at least five years.


The Lonsec Limited (“Lonsec”) ABN 56 061 751 102 rating (assigned July 2013) presented in this document is a “class service” (as defined in the Financial Advisers Act 2008 (NZ)) and based solely on consideration of the investment merits of the financial product(s). It is not a “personalised service” (as defined in the Financial Advisers Act 2008 (NZ)) and does not constitute a recommendation to purchase, sell or hold the relevant product(s), and you should seek independent financial advice before investing in this product(s). The rating is subject to change without notice and Lonsec assumes no obligation to update this document following publication. Lonsec may receive a fee from the fund manager for rating the product(s) using comprehensive and objective criteria.


A prospectus for the Devon Australian Fund was registered with the Registrar of Financial Service Providers on 10 September 2013. A copy of the prospectus can be obtained (at no charge) by contacting Devon using the “Contact Us” tab. Alternatively the prospectus can be viewed online on the Companies Office website at www.business.govt.nz/companies under the file for Devon Funds Management Limited.