The Dividend Fund provides investors with long-term capital growth as well as a regular dividend payment stream.

Mark Devcich



Sep 2011



Annualised return since inception**


Total Return since inception**

Soft Closed

The Fund

The Dividend Fund’s objective is to deliver long-term capital growth and six-monthly dividend payments by investing in smaller dividend-paying companies listed in New Zealand and Australia. This fund is soft-closed. Click here to view the latest Fund Update.

Investment Process

The Fund is designed to protect and grow capital by investing in a small number of growth companies where we consider value is greatest and the opportunity of earnings growth is high. We focus on those companies with a sustainable dividend. 

Further information about how the investment strategy is implemented is in the SIPO.

If you wish to invest, please download and read the Product Disclosure Statement (PDS) and the Statement of Investment Policy and Objectives (SIPO), then complete the online application form.


We look for companies that exhibit two major characteristics: value and growth. These are companies listed in Australia and New Zealand. We believe that it is better to focus our attention on a handful of carefully selected investments, so we will typically have 15 of our best ideas in our Australasian funds.

Find out more about our top holdings by checking out the latest Dividend Fund Fact Sheet. 

Meet the Managers

Mark Devcich: Mark has overall responsibility for research and company analysis. He is also the Portfolio Manager for the Emerging Fund, and Co-Portfolio Manager of the Dividend Fund. Click here to read Mark’s full profile

Mike Ross: Mike is responsible for researching and conducting detailed analysis of Australasian companies. He is also the Co-Portfolio Manager of the Dividend Fund. Click here to read Mike’s full profile

Soft Closed
* Overall Morningstar ratings. ©2018 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement before making any decision to invest. Neither Morningstar, nor Morningstar’s subsidiaries, nor Morningstar’s employees can provide you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. DISCLOSURE: Morningstar employees may have an interest in the securities discussed in this report. Please refer to Morningstar’s Financial Services Guide (FSG) for more information www.morningstar.com.au/s/fsg.pdf. Note: Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 (“ASXO”).

** Past performance is not an indicator for future performance. All figures are calculated after fees and before any applicable tax.