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Hunter Diversified Private Credit Fund vs PG High Conviction Fund

Side-by-side facts extracted from manager-published IM/PDS/SIPO documents. 3 fields match, 8 differ, 4 disclosed by only one fund.

Why these differ

Generated 2026-05-19 from the structured facts below. Verify against the source IM/PDS before relying on this summary for investment decisions.

The most material structural difference is asset class: Hunter Diversified Private Credit Fund allocates to private credit, targeting "4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period," while PG High Conviction Fund invests in Australasian equities with no stated target return in the extracted data. This distinction drives meaningfully different risk, return, and liquidity profiles across the two funds.

On liquidity, the funds diverge in both mechanics and accessibility. Hunter offers monthly redemptions with gate provisions allowing suspensions of up to six months and partial or zero redemptions where liquidity is insufficient. PG permits redemptions "at any time" but caps withdrawals at NZD 10 million per investor account over a rolling four-week window. Hunter's minimum investment of NZD 100,000 signals a wholesale-only orientation, whereas PG's minimum is NZD 1,000 and its IM does not flag wholesale-only status.

Fee structures also differ. Hunter charges a management fee of 0.83% with no performance fee disclosed; PG charges 1.20% plus a 10% performance fee. Both are PIE-eligible unit trusts supervised by The New Zealand Guardian Trust Company Limited, and both are managed from Auckland. Distribution frequencies differ — Hunter pays quarterly, PG monthly. Hunter has a track record dating to December 2016; PG's inception date is not captured in the extracted data.

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

Fact-by-fact comparison

verified inferred match differ one-side only

Performance

FieldHunter Diversified Private Credit FundPG High Conviction FundStatus
Target return4% per annum higher than the New Zealand Official Cash Rate over a rolling 3-year period(not on file)
Minimum investment100,0001,000
Distribution frequencyquarterlymonthly
Inception2016-12(not on file)

Structure

FieldHunter Diversified Private Credit FundPG High Conviction FundStatus
Fund structureUnit TrustTrust
Wholesale-only?(not on file)No
PIE-structured?YesYes
PIR eligible?YesYes
Asset classprivate creditAustralasian Equities

Fees

FieldHunter Diversified Private Credit FundPG High Conviction FundStatus
Management fee (%)0.831.2
Performance fee (%)(not on file)10

Liquidity

FieldHunter Diversified Private Credit FundPG High Conviction FundStatus
Redemption frequencymonthlyat any time
Gate provisionsWe may suspend or defer redemptions if we determine this is in the best interests of investors generally. A suspension can last up to six months. If the Fund does not have sufficient liquidity to satisfy all redemption requests for the month it may provide a partial (or zero) redemption.$10 million maximum redemption gate per investor account over a rolling four weeks

Entities

FieldHunter Diversified Private Credit FundPG High Conviction FundStatus
Manager entityHarbour Asset Management LimitedPG Funds Limited
SupervisorThe New Zealand Guardian Trust Company LimitedThe New Zealand Guardian Trust Company Limited

Methodology

Facts extracted via Claude Sonnet 4.6 from manager-published IM/PDS/SIPO PDFs. Confidence tiers: ●verified (all required keys populated), ◐inferred (some required keys null), ○not on file. Where IM and SIPO/PDS disclose the same fact, verified takes precedence over inferred.

The “Why these differ” summary above is generated once per pair by Sonnet from the structured facts in this table and cached as JSON. It is regenerated when either fund’s facts change.

Wholesale-only — for eligible investors per FMCA Schedule 1. Not financial advice. Past performance does not guarantee future results. Verify each fact against the source IM/PDS before relying on it for investment decisions.