Artesian Green & Sustainable Bond Fund (Wholesale) vs PCG Diversified New Zealand Private Debt Fund

The most material structural difference is asset class and underlying risk profile. Fund A (Artesian Green & Sustainable Bond Fund) invests in fixed-interest securities — publicly traded green and sustainable bonds — while Fund B (PCG Diversified New Zealand Private Debt Fund) targets private credit secured by first mortgages. This distinction drives meaningful differences in liquidity, pricing transparency, and credit risk exposure.

On liquidity, Fund A offers daily redemptions, though the manager retains the ability to "suspend or defer withdrawals" in certain circumstances. Fund B's redemptions are "at manager's discretion," with proceeds paid within 10 business days of acceptance, and the manager may suspend redemptions for up to 365 days if requests aggregate more than 5% of units on issue in any three-month period — a significantly more restrictive gate structure.

The return targets also diverge in character: Fund A aims "to outperform the benchmark net of fees through active management," an unquantified relative target, whereas Fund B specifies "Reserve Bank of New Zealand Official Cash Rate + 4.0% (net of management fees and fund costs and before tax)" — a floating absolute target that moves with monetary policy.

Fund A's management fee is 0.34% with no performance fee disclosed; Fund B charges 0.75% and discloses no performance fee. Minimum investment differs substantially: NZD 10,000 versus NZD 125,000. Both are PIE unit trusts eligible for PIR taxation. Fund A launched March 2026; Fund B has been operating since March 2022. Supervisors differ — NZ Guardian Trust versus Public Trust.

Always verify these details against each fund's current IM or PDS before making any investment decision.