Hunter Diversified Private Credit Fund vs PG High Conviction Fund

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.