Funds
PIE Growth UK & Europe Fund
Issues of concern
The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 31st March 2024 and Mindful Money
analysis of funds within those portfolios. The list of companies of concern has
been drawn from ratings agencies and public sources, including the Norwegian
Sovereign Fund, NZ Super Fund, Sustainalytics and research organisations.
Please note that companies may breach more than one of these areas of
concern.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
Mindful Money uses the term Mindful Funds as our standard
for ethical investment and responsible investment. This does not imply that
other funds are unethical or that the fund providers that do not meet these
standards are unethical providers.
About this fund
In their own words
The Fund seeks to provide investors with long term capital growth by investing predominantly in a concentrated portfolio of hand-picked listed UK and European Smaller Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Fund may also invest in other types of financial products such as cash and unlisted equities.
| Value | $112M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 1st Nov. 2016 |
| Total annual fund fees | 1.86% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.85% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Michael Taylor |
Currently: Executive Director and Chief Investment Officer (2 years, 3 months) |
|
Guy Thornewill |
Currently: Head of Global Research (5 years, 11 months) |
|
Toby Woods |
Currently: Senior Investment Analyst (4 years, 10 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
Past Returns
Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.
| Year | Market Average | Fund Annual Return |
|---|---|---|
| 2024 | 14.61% | 12.02% |
| 2023 | -4.85% | -7.95% |
| 2022 | 3.53% | -2.98% |
| 2021 | 35.55% | 61.07% |
| 2020 | -7.06% | -9.12% |
| 2019 | 10.17% | -1.88% |
| 2018 | 7.53% | 12.03% |
The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
Top 10 Investments
-
Sdiptech Ab (Publ)
Sweden International Equities6.11% -
Do & Co AG
Austria International Equities5.52% -
Discoverie Group PLC
United Kingdom International Equities5.11% -
Nexus AG
Germany International Equities4.65% -
Boku Inc
United Kingdom International Equities4.46% -
Jpm Call Account - EUR
Australia Cash and Equivalents A+4.31% -
Frp Advisory Group PLC
United Kingdom International Equities4.29% -
Invisio Communications Ab
Sweden International Equities4.25% -
Bytes Technology Group PLC
United Kingdom International Equities3.99% -
Dunelm Group PLC
United Kingdom International Equities3.8%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 10.57% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.0% |
| International Equities | 100.0% | 89.43% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.