Devon Diversified Income Fund (Wholesale) vs Devon Dividend Yield Fund (Wholesale)

The most material structural difference between these two Devon Funds Management offerings is asset class and the fee consequences that flow from it. The Devon Diversified Income Fund holds a multi-asset income mandate, while the Devon Dividend Yield Fund is a pure equities fund — a distinction that drives meaningfully different risk and return profiles. On fees, the Diversified Income Fund charges a management fee of 0.52% with no performance fee disclosed; the Dividend Yield Fund carries a higher base management fee of 0.62% and an additional performance fee of 10%, meaning total costs in the Dividend Yield Fund will vary with outperformance and could materially exceed its stated base rate. Neither fund discloses a target return figure in the extracted data.

Where the two funds are identical: both are PIE unit trusts managed by Devon Funds Management Limited and supervised by The New Zealand Guardian Trust Company Limited, both are PIR-eligible, both offer daily redemptions subject to the same gate language — "We have the ability, in certain circumstances to suspend or defer redemptions" — both distribute quarterly, and both require a minimum investment of NZD 10,000. Neither IM specifies leverage or LVR caps in the extracted data.

Investors weighing income stability against equity-market participation, and fixed-rate fees against a performance-fee structure, will find the core trade-off concentrated in those two differences. Verify all details against each fund's current IM or PDS before relying on this summary.