Devon Global Sustainability Fund (Wholesale) vs Hunter Diversified Private Credit Fund

The most material structural difference is asset class and return profile. Devon Global Sustainability Fund invests in listed global equities, targeting "long-term total returns in excess of the index by investing in a selective portfolio of global equities" — a benchmark-relative, market-linked objective. Hunter Diversified Private Credit Fund invests in private credit, targeting "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period" — an absolute, OCR-linked return objective. These reflect fundamentally different risk and return drivers.

Liquidity terms also diverge materially. Devon offers daily redemptions, while Hunter operates on a monthly redemption cycle with quarterly distributions. Hunter's gate provisions are more detailed, explicitly permitting partial or zero redemption in a given month and allowing suspensions of up to six months; Devon's IM notes only a general ability to suspend or defer without specifying a maximum duration.

The minimum investment threshold differs significantly: Devon requires NZ$10,000 versus Hunter's NZ$100,000. Management fees are close but not identical — Devon charges 0.95% versus Hunter's 0.83%. Both are PIE structures eligible for PIR taxation, both are unit trusts, and both share the same supervisor, The New Zealand Guardian Trust Company Limited.

One disclosure gap to note: Hunter's manager of record is Harbour Asset Management Limited, while the provider entity listed is Hunter Capital — readers should verify the precise management and distribution arrangement in the source documents. Devon's inception date is not on file; Hunter's is recorded as December 2016.

Always verify all details against the current source IM or PDS before relying on this summary.