Funds

PIE Chairman's Fund

Total Ethical Concerns: 4.44%

The average total concerns of all managed growth funds is 5.45%.

Companies of Concern

  • Animal Cruelty 0.63%

    • L'Oréal SA
      0.40%
      0.40%
  • Human Rights Violations 1.58%

    • 0.45%
    • Caterpillar
      0.36%
      0.36%
  • Social Harm 0.05%

  • Fossil Fuels 1.46%

    • Karoon Energy Ltd.
      0.40%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.40%
    • Beach Energy Ltd.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Monadelphous Group Ltd.
      0.31%
      0.31%
    • Constellation Energy Corp.
      0.26%
      0.26%
    • Viva Energy Group Ltd.
      0.13%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.13%
    • Barrick Gold
      0.02%
      0.02%
    • Franco-Nevada Corp.
      0.02%
      0.02%
  • Weapons 0.72%

    • Austal Ltd.
      0.37%
      0.37%
    • Amphenol Corp.
      0.32%
      0.32%
    • Aselsan Elektronik Sanayi Ve Ticaret As
      0.02%
      0.02%
  • Environmental Harm 0.04%

    • Barrick Gold
      0.02%
      0.02%

From the Fund Provider

  • About this fund

    About this Fund

    The Pie Chairman’s Fund seeks to provide investors with long term growth by accessing the higher potential growth of predominantly smaller companies. It does this by investing predominantly in other Pie Funds Products. The Fund may also invest in cash and directly in Smaller Companies.

    Value $215M NZD
    Period of data report 31st March 2025
    Fund started 1st Sept. 2014
    Total annual fund fees 1.81%
    Total performance based fees 0.0%
    Manager's basic fee 1.77%
    Other management and administration charges 0.04%
    Total other charges 0.0
    Total other charges currency NZD

    Michael Taylor

    Currently: Executive Director and Chief Investment Officer (3 years, 0 months)
    Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

    Michelle Lopez

    Currently: Head of Australasian Equities and Portfolio Manager (Lead) (2 years, 2 months)
    Previously: Head of Australian Equities, Abrdn (3 years, 9 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    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
    2025 3.04% -0.48%
    2024 12.48% 16.78%
    2023 -4.05% -6.04%
    2022 1.38% 0.52%
    2021 27.68% 53.42%
    2020 -4.45% -3.79%
    2019 6.12% 3.98%
    2018 8.66% 13.1%
    2017 7.20% 10.37%
    2016 5.40% 11.04%

    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 31st March 2025.

  • Investments

    Top 10 Investments

    • BNZ Call Account - NZD

      New Zealand Cash and Equivalents AA-

      4.84%
    • Jpm Call Account - AUD

      Australia Cash and Equivalents A+

      3.76%
    • Generation Development Group Ltd

      Australia Australasian Equities

      2.61%
    • Frp Advisory Group PLC

      United Kingdom International Equities

      1.62%
    • Jpm Call Account - USD

      Australia Cash and Equivalents A+

      1.48%
    • Boku Inc

      United Kingdom International Equities

      1.45%
    • Life360 Inc

      Australia Australasian Equities

      1.27%
    • Aub Group Limited

      Australia Australasian Equities

      1.26%
    • William Blair Sicav Fund

      United States Australasian Equities

      1.21%
    • Dropsuite Ltd

      Australia Australasian Equities

      1.1%
    Type Target Actual
    Cash and Cash Equivalents 15.0% 11.77%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 40.0% 42.44%
    International Equities 45.0% 45.79%
    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 by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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 2025 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.

Issues of Concern

  • 0.63% Animal Cruelty
  • 1.58% Human Rights Violations
  • 0.05% Social Harm
  • 1.46% Fossil Fuels
  • 0.72% Weapons
  • 0.04% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • L'Oréal SA
      0.40%
      0.40%
  • Human Rights Violations

    • 0.45%
    • Caterpillar
      0.36%
      0.36%
  • Fossil Fuels

    • Karoon Energy Ltd.
      0.40%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.40%
    • Beach Energy Ltd.
      0.31%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.31%
    • Monadelphous Group Ltd.
      0.31%
      0.31%
    • Constellation Energy Corp.
      0.26%
      0.26%
    • Viva Energy Group Ltd.
      0.13%
      !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
      0.13%
    • Barrick Gold
      0.02%
      0.02%
    • Franco-Nevada Corp.
      0.02%
      0.02%
  • Weapons

    • Austal Ltd.
      0.37%
      0.37%
    • Amphenol Corp.
      0.32%
      0.32%
    • Aselsan Elektronik Sanayi Ve Ticaret As
      0.02%
      0.02%
  • Environmental Harm

    • Barrick Gold
      0.02%
      0.02%

About this Fund

The Pie Chairman’s Fund seeks to provide investors with long term growth by accessing the higher potential growth of predominantly smaller companies. It does this by investing predominantly in other Pie Funds Products. The Fund may also invest in cash and directly in Smaller Companies.

Value $215M NZD
Period of data report 31st March 2025
Fund started 1st Sept. 2014
Total annual fund fees 1.81%
Total performance based fees 0.0%
Manager's basic fee 1.77%
Other management and administration charges 0.04%
Total other charges 0.0
Total other charges currency NZD

Michael Taylor

Currently: Executive Director and Chief Investment Officer (3 years, 0 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Michelle Lopez

Currently: Head of Australasian Equities and Portfolio Manager (Lead) (2 years, 2 months)
Previously: Head of Australian Equities, Abrdn (3 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

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
2025 3.04% -0.48%
2024 12.48% 16.78%
2023 -4.05% -6.04%
2022 1.38% 0.52%
2021 27.68% 53.42%
2020 -4.45% -3.79%
2019 6.12% 3.98%
2018 8.66% 13.1%
2017 7.20% 10.37%
2016 5.40% 11.04%

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 31st March 2025.

Top 10 Investments

  • BNZ Call Account - NZD

    New Zealand Cash and Equivalents AA-

    4.84%
  • Jpm Call Account - AUD

    Australia Cash and Equivalents A+

    3.76%
  • Generation Development Group Ltd

    Australia Australasian Equities

    2.61%
  • Frp Advisory Group PLC

    United Kingdom International Equities

    1.62%
  • Jpm Call Account - USD

    Australia Cash and Equivalents A+

    1.48%
  • Boku Inc

    United Kingdom International Equities

    1.45%
  • Life360 Inc

    Australia Australasian Equities

    1.27%
  • Aub Group Limited

    Australia Australasian Equities

    1.26%
  • William Blair Sicav Fund

    United States Australasian Equities

    1.21%
  • Dropsuite Ltd

    Australia Australasian Equities

    1.1%
Type Target Actual
Cash and Cash Equivalents 15.0% 11.77%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 40.0% 42.44%
International Equities 45.0% 45.79%
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 by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.