Funds
PIE Australasian Dividend Growth 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
Animal Cruelty
Fossil Fuels
-
Karoon Energy Ltd 4.89%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Viva Energy Group Ltd 2.67%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Nrw Holdings Ltd 2.10%
Fossil Fuel Production
Where companies are involved in the production of fossil fuels (oil, natural gas, coal, shale oil) including exploration, production (including core services), storage, transport (except by rail) and refining.
-
Karoon Energy Ltd 4.89%
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 Pie Australasian Dividend Growth Fund seeks to provide investors with a regular dividend payment stream or reinvestment and long term capital growth. It does this by investing predominantly in a concentrated portfolio of hand-picked Australasian smaller and medium companies that pay a dividend or produce cash-flow available for future distributions and whose earnings growth potential we do not consider fully realised by the market. The Fund may also invest in other types of financial products such as cash, unlisted equities as well as Large Companies.
| Value | $352M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 16th Sept. 2011 |
| Total annual fund fees | 1.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.85% |
| Other management and administration charges | 0.0% |
| 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) |
|
Mike Ross |
Currently: Portfolio Manager (Lead) (3 years, 3 months) |
|
Michael Goltsman |
Currently: Portfolio Manager (Co) (2 years, 3 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% | 26.99% |
| 2023 | -4.85% | -9.25% |
| 2022 | 3.53% | 21.18% |
| 2021 | 35.55% | 66.65% |
| 2020 | -7.06% | -15.07% |
| 2019 | 10.17% | 6.3% |
| 2018 | 7.53% | 17.92% |
| 2017 | 9.49% | 14.06% |
| 2016 | 4.71% | 8.95% |
| 2015 | 14.67% | 13.83% |
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
-
Mermaid Marine Australia Ltd
Australia Australasian Equities6.32% -
Aub Group Limited
Australia Australasian Equities5.74% -
Johns Lyng Group Ltd
Australia Australasian Equities5.12% -
Gqg Partners Inc
Australia Australasian Equities4.43% -
Aussie Broadband Pty Ltd
Australia Australasian Equities4.31% -
Karoon Gas Australia Ltd
Australia Australasian Equities4.31% -
Webjet Ltd
Australia Australasian Equities4.28% -
Macquarie Technology Group Ltd
Australia Australasian Equities4.1% -
Navigator Global Investments Ltd
Australia Australasian Equities3.71% -
Jpm Call Account - AUD
Australia Cash and Equivalents A+3.52%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 6.7% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 91.96% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 0.0% | 1.34% |
| 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.