Fund-vs-fund · Australasian Equities
Devon Alpha Fund vs Salt Long Short Fund
Both are Australasian Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
| Metric | Devon | Salt | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.31% | 3.21% | Lower is better |
| Risk indicator (1–7) | 4 | 4 | Higher = more volatility |
| 5-year return p.a. | 7.22% | 15.88% | Higher is better (past not future) |
| Fund size | NZ$159m | NZ$171m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 52% / 48% | More growth = higher long-run return + volatility |
What each fund says it does
Devon
Devon Alpha Fund
A concentrated portfolio of approximately 10-15 select companies listed on the New Zealand and Australian share markets. The Alpha Fund does not follow an equity index and is actively managed. When appropriate investment opportunities cannot be identified, the Alpha Fund may hold cash or cash equivalent securities. The Alpha Fund aims to generate capital growth over the long term.Full Devon Devon Alpha Fund profile →
Salt
Salt Long Short Fund
The Fund aims to deliver positive absolute returns in all market environments. In addition to holding long-only New Zealand and Australian securities, the Fund may, at our discretion short sell securities, hold cash, lever its assets and utilise active currency management to generate returns (although generally will be fully hedged). The investment objective is to outperform the Reserve Bank of New Zealand Official Cash Rate +5% p.A. On a rolling three year basis.Full Salt Salt Long Short Fund profile →
Important: This comparison is general information only — not personalised financial advice.
Past performance is not a reliable indicator of future returns. The right fund for you depends on your personal
circumstances. Read each fund's Product Disclosure Statement and consider speaking to a licensed financial adviser.