Fund-vs-fund · Australasian Equities
Devon Australian Fund vs Harbour 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 | Harbour | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.32% | 1.23% | Lower is better |
| Risk indicator (1–7) | 5 | 4 | Higher = more volatility |
| 5-year return p.a. | 10.30% | 2.95% | Higher is better (past not future) |
| Fund size | NZ$11m | NZ$5m | 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 Australian Fund
A select portfolio of companies which are primarily Australian listed companies. The Australian market offers exposure to a number of sectors that are not available in New Zealand. The Australian Fund is actively managed, which means the holdings and investment returns may differ considerably from its benchmark. The Fund tends to be fully invested in shares but can hold cash.Full Devon Devon Australian Fund profile →
Harbour
Harbour Long Short Fund
The Fund is an actively managed, high conviction portfolio investing principally in ‘long’ and ‘short’ listed Australasian equities. The focus is on delivering positive returns through the market cycle by investing in long and short sold equity positions with no particular attention to an equity benchmark. The Fund is expected to have lower volatility than equity benchmarks. We can actively allocate investments between Australasian listed equities, fixed interest and cash. The Fund may also use derivatives to hedge currency and equity risk.Full Harbour Harbour 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.