Pie Growth UK & Europe Fund

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Not Mindful
Type: Growth fund
Past Returns: 0.34%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 1.88%

Annual fees, including any membership and % management fee.

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.


This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

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.

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
2020 -4.35% -9.12%
2019 6.14% -1.88%
2018 7.69% 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 Wed Sept. 30th 2020.

Showing the top 10 investments for this fund:

  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents
    11.62%
  • Swedencare Ab
    Sweden International Equities
    8.51%
  • Imimobile PLC
    United Kingdom International Equities
    6.11%
  • Boc Call Account - NZD
    New Zealand Cash and Equivalents
    5.73%
  • Nab Call Account - EUR
    Australia Cash and Equivalents
    5.28%
  • Shop Apotheke Europe Nv
    Germany International Equities
    4.9%
  • Discoverie Group PLC
    United Kingdom International Equities
    4.6%
  • Boku Inc
    United Kingdom International Equities
    4.6%
  • Avon Rubber PLC
    United Kingdom International Equities
    4.48%
  • Biogaia Ab
    Sweden International Equities
    4.09%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed Sept. 30th 2020.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 24.08%
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% 75.92%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words

"The Fund seeks to provide you 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 the 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 $65M NZD
Period of data report Wed Sept. 30th 2020
Members 470
Fund started Tue Nov. 1st 2016
Total annual fund fees 1.88%
Total performance based fees 0.0%
Manager's basic fee 1.87%
Administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Michael Taylor

Currently: Executive Director and CEO (13 years, 3 months)
Previously: Manager at BOS International (2 years, 0 months)

Mark Devcich

Currently: Chief Investment Officer (1 years, 6 months)
Previously: Head of Research and Portfolio Manager (7 years, 6 months)

Victoria Harris

Currently: Senior Investment Analyst and Portfolio Manager (3 years, 5 months)
Previously: Co-Portfolio Manager at Milford Asset Management (5 years, 10 months)

Guy Thornewill

Currently: Head of Research UK and Europe and Senior Investment Analyst (2 years, 2 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed Sept. 30th 2020.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.