PG Conservative Fund vs PG Strategic Growth Fund

The most material structural difference between these two funds is investment strategy and fee design. The PG Strategic Growth Fund targets international equities and carries a disclosed management fee of 1.2% per annum plus a 10% performance fee, while the PG Conservative Fund's IM does not specify its asset class, management fee, or performance fee structure — making a direct cost and risk comparison impossible from the available data alone.

Both funds share the same manager (PG Funds Limited), supervisor (The New Zealand Guardian Trust Company Limited), trust structure, PIE status, PIR eligibility, and minimum investment of NZD 1,000. Both are associated with PG Investments (NZBN: 9429051582975, Auckland).

On liquidity terms, the Strategic Growth Fund discloses that redemptions may be made "at any time" with a gate provision of "$10 million maximum redemption gate per investor account over a rolling four weeks," and distributions are paid monthly. The Conservative Fund's IM provides no equivalent disclosure on redemption frequency, gate provisions, or distribution schedule.

The Strategic Growth Fund's IM confirms it is not wholesale-only (wholesale_only: false); the Conservative Fund's IM does not address this point. Asset class, target return, and liquidity terms for the Conservative Fund are entirely absent from the extracted data, meaning investors comparing risk profiles are working with an asymmetric information set.

Always verify all details directly against the current source IM or PDS for each fund before making any investment decision.