Funds
PIE Australasian Growth 2 Fund
Fund type: Aggressive fund
Past Returns: *6.24%Annual Fees: 1.85%
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
-
Karoon Energy Ltd 3.71%
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.
-
Perenti Global Ltd 3.08%
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.
-
Beach Energy Ltd 1.60%
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 3.71%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2023 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 2 Fund seeks to provide investors with long term capital growth by investing predominantly in a concentrated portfolio of hand-picked listed Australasian Smaller Companies and Medium Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Pie Australasian Growth 2 Fund may also invest in other types of financial products such as cash, Large Companies and unlisted equities.
| Value | $248M NZD |
| Period of data report | 31st Dec. 2023 |
| Fund started | 6th Aug. 2015 |
| 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 (1 years, 9 months) |
|
Michelle Lopez |
Currently: Head of Australasian Equities and Portfolio Manager (Lead) (0 years, 11 months) |
|
Kent Williams |
Currently: Portfolio Manager (Co) (1 years, 5 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2023.
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 |
|---|---|---|
| 2023 | -5.17% | -16.65% |
| 2022 | 3.53% | -9.59% |
| 2021 | 35.55% | 97.47% |
| 2020 | -7.06% | -10.69% |
| 2019 | 10.17% | 8.23% |
| 2018 | 7.53% | 14.87% |
| 2017 | 9.49% | 13.73% |
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 Dec. 2023.
Top 10 Investments
-
Hub24 Limited
Australia Australasian Equities5.81% -
Seven Group Holdings Ltd
Australia Australasian Equities5.79% -
Aroa Biosurgery Ltd
Australia Australasian Equities5.09% -
Csr Limited
Australia Australasian Equities4.49% -
Westpac Term Deposit
New Zealand Cash and Equivalents AA-4.24% -
Resmed Inc
Australia Australasian Equities3.94% -
Gqg Partners Inc
Australia Australasian Equities3.91% -
Karoon Gas Australia Ltd
Australia Australasian Equities3.89% -
Life360 Inc
Australia Australasian Equities3.74% -
Pro Medicus Ltd
Australia Australasian Equities3.48%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 9.39% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 100.0% | 90.6% |
| 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 31st Dec. 2023.