Devon Dividend Yield Fund (Wholesale)
Managed by Devon Funds Management
Overview
The Devon Dividend Yield Fund (Wholesale) is an income-focused New Zealand unit trust managed by Devon Funds Management Limited and supervised by The New Zealand Guardian Trust Company Limited. It invests in quality dividend-paying listed equities across Australasia, targeting regular income through quarterly distributions. The fund is open-ended with daily redemptions available, structured as a Portfolio Investment Entity (PIE), and is available to wholesale investors only.
Fund Overview
Income-focused fund targeting quality dividend-paying Australasian companies. Wholesale version for investors with $10M+.
Asset Class
Listed Equities
Open for Subscription
Evergreen FundWholesale OnlyThis is an evergreen fund — open to qualifying wholesale investors year-round. Subscription details, minimum investment, and redemption terms are set out in the fund's Information Memorandum.
Fund Documents
Product Disclosure Statement
As at 2 Apr 2026
Statement of Investment Policy & Objectives
As at 2 Apr 2026
Documents are published by the issuer. Review the current version in full and seek independent advice before investing.
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Quick Info
This information is for wholesale investors only and does not constitute financial advice. All investments carry risk. Please seek professional advice before making investment decisions.
Frequently Asked Questions
What is Devon Dividend Yield Fund (Wholesale)?
Income-focused fund targeting quality dividend-paying Australasian companies. Wholesale version for investors with $10M+.
Who manages Devon Dividend Yield Fund (Wholesale)?
Devon Dividend Yield Fund (Wholesale) is managed by Devon Funds Management (FSPR FSP1581, NZBN 9429039925527) based in Auckland, New Zealand. Manager registration on the Financial Service Providers Register is a legal requirement under the Financial Service Providers (Registration and Dispute Resolution) Act 2008 and does not itself constitute an endorsement.
What asset class is Devon Dividend Yield Fund (Wholesale)?
Devon Dividend Yield Fund (Wholesale) is classified as Listed Equities on Wholesale Investor NZ. Asset-class classification reflects the fund's stated investment focus per its Information Memorandum and is provided for navigation purposes only — review the IM for the full strategy and risk profile.
Is Devon Dividend Yield Fund (Wholesale) evergreen or a closed-end fund?
Devon Dividend Yield Fund (Wholesale) is an evergreen fund — it is permanently open for subscription rather than running on fixed vintages. New investors can typically apply at any time subject to capacity, manager discretion, and the fund's stated subscription windows. Redemption terms are set in the Information Memorandum and vary by fund.
What is the minimum investment in Devon Dividend Yield Fund (Wholesale)?
The minimum investment is NZ$10K per the fund's current Information Memorandum. Minimums may change for new vintages or at manager discretion — confirm the current minimum directly with the manager before subscribing.
Is Devon Dividend Yield Fund (Wholesale) wholesale-only?
Yes — Devon Dividend Yield Fund (Wholesale) is offered on a wholesale-only basis under Schedule 1 of the Financial Markets Conduct Act 2013. Subscription requires self-certification under one of the seven Schedule 1 pathways (typically the NZ$5M net-assets "large person" pathway or an accountant- or lawyer-signed eligible-investor certificate per Clauses 38-40). Wholesale-only funds do not publish a retail Product Disclosure Statement and do not appear on the Disclose Register.
Is Devon Dividend Yield Fund (Wholesale) a PIE fund?
Devon Dividend Yield Fund (Wholesale) is structured as a Portfolio Investment Entity (PIE). PIE distributions are tax-paid at the investor's Prescribed Investor Rate (PIR), capped at 28% per Inland Revenue's PIE rules. PIRs are 10.5%, 17.5%, or 28% depending on the investor's prior-year taxable income. The PIE structure is generally favourable for investors whose marginal tax rate is above 28% (currently above NZ$78,100 of taxable income).
What is the management fee for Devon Dividend Yield Fund (Wholesale)?
Devon Dividend Yield Fund (Wholesale) charges a management fee of 0.62% per annum, sourced from the fund's current Information Memorandum. Fees may be charged on a different basis for different unit classes — confirm the fee schedule applicable to your subscription with the manager. Performance fees, entry/exit fees, and reimbursable expenses may apply in addition; the IM itemises the full fee stack.
How can I redeem from Devon Dividend Yield Fund (Wholesale)?
Redemption windows are daily, per the fund's current Information Memorandum. The manager may suspend or defer redemptions in the interests of investors as a whole — review the IM's gate-provision language for the full mechanics. Wholesale funds with monthly or quarterly redemptions are not equivalent to bank-style on-demand liquidity.
Where can I read the IM or PDS for Devon Dividend Yield Fund (Wholesale)?
Devon Dividend Yield Fund (Wholesale) has a public Product Disclosure Statement (PDS), Statement of Investment Policy and Objectives (SIPO) linked from its Wholesale Investor NZ profile page. Documents are sourced from the manager's own published disclosures. Some wholesale funds gate full disclosure behind a wholesale-investor self-certification — review the document index on the fund page and contact the manager if a specific document is not surfaced.