Funds

PIE Australasian Growth Fund

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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

  • Fossil Fuels

    • Nrw Holdings Ltd 1.42%

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 Growth Fund seeks to provide investors with long term capital growth by investing predominantly in
a concentrated portfolio of hand-picked listed Australasian Smaller Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Pie Australasian Growth Fund may also invest in other types of financial products such as cash, unlisted equities and companies that are not Smaller Companies.

Value $96.1M NZD
Period of data report 30th June 2024
Fund started 3rd Dec. 2007
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)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Michael Goltsman

Currently: Portfolio Manager (Lead) (2 years, 3 months)
Previously: Senior Investment Analyst, Pie Funds (0 years, 6 months)

Mike Ross

Currently: Portfolio Manager (Co) (3 years, 3 months)
Previously: Investment Analyst, Pie Funds (5 years, 8 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% 34.77%
2023 -4.85% -17.82%
2022 3.53% -10.0%
2021 35.55% 44.67%
2020 -7.06% 2.27%
2019 10.17% 8.87%
2018 7.53% 7.12%
2017 9.49% -3.29%
2016 4.71% 15.86%
2015 14.67% 24.24%

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

  • Life360 Inc
    Australia Australasian Equities
    8.69%
  • Generation Development Group Ltd
    Australia Australasian Equities
    8.46%
  • Ipd Group Ltd
    Australia Australasian Equities
    6.62%
  • Clearview Wealth Ltd
    Australia Australasian Equities
    6.42%
  • Jpm Call Account - AUD
    Australia Cash and Equivalents A+
    5.19%
  • Reject Shop Ltd/The
    Australia Australasian Equities
    4.96%
  • Tyro Payments Ltd
    Australia Australasian Equities
    4.86%
  • Superloop Limited
    Australia Australasian Equities
    4.5%
  • Embark Early Education Limited
    Australia Australasian Equities
    4.42%
  • Pacific Smiles Group Limited
    Australia Australasian Equities
    4.33%
Type Target Actual
Cash and Cash Equivalents 0.0% 7.85%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 92.15%
International Equities 0.0% 0.0%
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.