Devon Equity Income Fund
The Devon Equity Income Fund (“the Fund”) consists of a select group of up to 25 New Zealand and Australian listed companies. These stocks are chosen for their attractive dividend yields and growth prospects with the aim of maintaining the dividend yield and capital value in real terms.
Click here to download the Equity Income Fund Fact Sheet
Investment Objective |
The Fund invests in a well-researched portfolio of shares that are consistent with the objective of a long-term investor looking to invest for the purpose of:
|
Investment Approach |
We identify and invest in attractively priced companies that offer a sustainable and growing dividend yield. |
Investment Limits |
0 – 100% New Zealand shares 0 – 100% Australian shares 0 – 10% Cash (for liquidity purposes) |
Distributions |
Target distributions of 1.25% per quarter after tax |
Structure |
Portfolio Investment Entity (PIE) |
Currency Hedging Policy |
The Fund will typically be fully hedged |
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. |
A prospectus for the Devon Equity Income Fund was registered with the Registrar of Financial Service Providers on 6 December 2012. The prospectus was subsequently amended by a memorandum of amendments registered with the Registrar of Financial Service Providers on 12 December 2012. 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.
