Artesian Green & Sustainable Bond Fund (Wholesale) vs Hunter Diversified Private Credit Fund

The most material structural difference is asset class and liquidity profile. Fund A (Artesian Green & Sustainable Bond Fund) invests in fixed-interest green and sustainable bonds — a publicly traded, relatively liquid asset class — and offers daily redemptions. Fund B (Hunter Diversified Private Credit Fund) targets private credit, an inherently illiquid asset class, with monthly redemptions only. Fund B's gate provisions are notably more detailed: redemptions "can last up to six months" and the fund "may provide a partial (or zero) redemption" if liquidity is insufficient. Fund A discloses that it has "the ability, in certain circumstances, to suspend or defer withdrawals" but provides less elaboration on duration or partial redemption mechanics.

On fees, Fund A carries a management fee of 0.34% with no performance fee disclosed; Fund B charges 0.83% and no performance fee is documented either. The minimum investment differs substantially — NZD 10,000 for Fund A versus NZD 100,000 for Fund B. Both are PIE unit trusts supervised by The New Zealand Guardian Trust Company Limited, and both distribute quarterly.

Target returns are expressed differently: Fund A aims "to outperform the benchmark net of fees through active management" — a relative benchmark objective — while Fund B targets "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period," an absolute-return objective tied to the OCR. Fund B has an established track record dating to December 2016; Fund A's inception date is March 2026. Fund B's FSP number is not on file.

Verify all details against each fund's current IM or PDS before relying on this summary.