Devon Global Impact Bond Fund (Wholesale) vs Hunter Diversified Private Credit Fund

The most material structural difference is asset class and liquidity profile. Devon Global Impact Bond Fund invests in listed global fixed interest securities with daily redemptions, while Hunter Diversified Private Credit Fund holds private credit assets with monthly redemptions only — and Hunter's gate provisions are considerably more detailed, specifying that "a suspension can last up to six months" and that the fund "may provide a partial (or zero) redemption" if liquidity is insufficient. Devon's IM acknowledges the ability to "suspend or defer redemptions" but provides less granular disclosure on duration or partial redemption mechanics.

The minimum investment threshold differs substantially: Devon requires NZ$10,000 versus Hunter's NZ$100,000. Management fees also diverge — Devon charges 0.34% versus Hunter's 0.83%, though the higher fee for private credit strategies is common given sourcing and due-diligence costs. Both funds share the same supervisor (The New Zealand Guardian Trust Company Limited), are structured as PIE unit trusts, and distribute quarterly.

Target returns are expressed differently: Devon aims for "long-term total returns in excess of the index," while Hunter targets "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period" — a floating, OCR-linked benchmark versus Devon's index-relative goal. Hunter's IM records an inception date of December 2016; Devon's IM does not disclose one. Notably, Hunter's manager of record is listed as Harbour Asset Management Limited, while the provider entity is Hunter Capital — readers should verify the exact management and custody arrangements in the source documents before relying on any of the above.