Fund-vs-fund · Australasian Equities
Devon Trans-Tasman Fund vs Fisher Funds New Zealand Growth 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.
What's different at a glance
- Devon Trans-Tasman Fund charges 0.06% lower in annual fund charges (1.36% vs 1.42%).
- Both are New Zealand PIE funds — investor tax is capped at the Prescribed Investor Rate (PIR), maximum 28%.
Where each fund sits in its cohort
Percentile rank vs all 58 australasian equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Devon
1.36%
Highest 9% of cohort
Fisher Funds
1.42%
Highest 6% of cohort
5-year return p.a.
Past performance — not a predictor
Devon
6.08%
Upper half over 5 years
Fisher Funds
1.47%
Lower half over 5 years
Fund size
Larger = more stable, lower close-risk
Devon
NZ$154m
Upper half by size
Fisher Funds
NZ$161m
Upper half by size
| Metric | Devon | Fisher Funds | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.36% | 1.42% | Lower is better |
| Risk indicator (1–7) | 4 | 5 | Higher = more volatility |
| 5-year return p.a. | 6.08% | 1.47% | Higher is better (past not future) |
| Fund size | NZ$154m | NZ$161m | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | 98% / 2% | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | PIE (PIR-capped) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | — | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
Portfolio overlap
How many top-10 positions both funds hold, and at what weight. Computed from each fund's most recently disclosed top-10 holdings — exact-name matched (Microsoft Corp. = Microsoft Corporation), with a Cash / Cash & Equivalents collapse rule.
Matching holdings
5
of each fund's top 10
Devon weight in shared
24.6%
of Devon Trans-Tasman Fund top 10 is shared
Fisher Funds weight in shared
51.2%
of Fisher Funds New Zealand Growth Fund top 10 is shared
| Holding | Devon | Fisher Funds |
|---|---|---|
 Infratil Ltd NZ | 7.18% | 14.65% |
 Fisher & Paykel Healthcare Ltd NZ | 6.62% | 18.39% |
 Auckland International Airport Ltd NZ | 3.86% | 7.50% |
 Summerset Group Holdings Ltd NZ | 3.53% | 6.71% |
 Contact Energy Ltd NZ | 3.40% | 3.91% |
"Min weight" = the smaller of the two weights — a conservative read of how much exposure you'd have to that position if you held both funds.
What each fund says it does
Devon
Devon Trans-Tasman Fund
The Fund invests in a select portfolio of well researched companies which are primarily New Zealand and Australian listed companies. The Trans-Tasman Fund is actively managed, which means the holdings and returns may differ considerably from its benchmark.Full Devon Devon Trans-Tasman Fund profile →
Fisher Funds
Fisher Funds New Zealand Growth Fund
The fund focuses on growth of your investment over the long term by investing in quality New Zealand companies which can consistently produce increasing earningsFull Fisher Funds Fisher Funds New Zealand Growth Fund profile →
Documents
Crawled directly from each manager's website. How we record provenance →
Devon
LiveLast verified 2026-05-08
Fisher Funds
LiveLast verified 2026-05-08
- Other Material Information165 kB · file fingerprint recorded
- Product Disclosure Statement246 kB · file fingerprint recorded
- Product Disclosure Statement143 kB · file fingerprint recorded
- Product Disclosure Statement666 kB · file fingerprint recorded
- Product Disclosure Statement595 kB · file fingerprint recorded
- Quarterly Fund Update55 kB · file fingerprint recorded
Common questions
What's the difference between the Devon Trans-Tasman Fund and the Fisher Funds New Zealand Growth Fund?
Which fund has lower fees, Devon Trans-Tasman Fund or Fisher Funds New Zealand Growth Fund?
How do the 5-year returns compare?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
