Funds

PIE Global Growth 2 Fund

Total Ethical Concerns: 17.88%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Animal Cruelty 3.88%

    • L'Oréal SA
      2.53%
      2.53%
  • Human Rights Violations 9.99%

    • 2.81%
    • Caterpillar
      2.25%
      2.25%
    • Zijin Mining
      0.06%
      0.06%
    • Pan American Silver Corp.
      0.04%
      0.04%
  • Fossil Fuels 1.92%

    • Constellation Energy Corp.
      1.67%
      1.67%
    • Barrick Gold
      0.13%
      0.13%
    • Franco-Nevada Corp.
      0.12%
      0.12%
    • Sandstorm Gold Ltd.
      0.01%
      0.01%
  • Weapons 2.05%

    • Amphenol Corp.
      2.05%
      2.05%
  • Environmental Harm 0.22%

    • Barrick Gold
      0.13%
      0.13%
    • Zijin Mining
      0.06%
      0.06%
    • Harmony Gold Mining Co Ltd
      0.04%
      0.04%

From the Fund Provider

  • About this fund

    About this Fund

    The Fund seeks to provide investors with long-term capital growth, by investing in large companies globally, directly and through ETFs.

    Value $362M NZD
    Period of data report 31st March 2025
    Fund started 1st May 2018
    Total annual fund fees 1.47%
    Total performance based fees 0.0%
    Manager's basic fee 1.45%
    Other management and administration charges 0.02%
    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)

    Guy Thornewill

    Currently: Head of Global Research (6 years, 8 months)
    Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

    Toby Woods

    Currently: Senior Investment Analyst (5 years, 7 months)
    Previously: Head of Equity Sales at Hauck & Aufhäuser (9 years, 5 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 4.07% -1.16%
    2024 15.78% 14.77%
    2023 -4.85% 0.57%
    2022 3.53% -2.17%
    2021 35.55% 26.12%
    2020 -7.06% -1.41%

    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

    • Jpm Call Account - USD

      Australia Cash and Equivalents A+

      6.17%
    • Amazon.Com Inc

      United States International Equities

      4.36%
    • Microsoft Corporation

      United States International Equities

      3.48%
    • Jpmorgan Chase & Co

      United States International Equities

      3.35%
    • Apple Inc

      United States International Equities

      3.33%
    • Roche Holding AG-Genusschein

      Switzerland International Equities

      2.88%
    • Roper Industries Inc

      United States International Equities

      2.87%
    • Meta Platforms Inc

      United States International Equities

      2.81%
    • Uber Technologies Ord Shs

      United States International Equities

      2.77%
    • Schneider Electric Se

      France International Equities

      2.72%
    Type Target Actual
    Cash and Cash Equivalents 0.0% 9.49%
    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% 88.59%
    Listed Properties 0.0% 1.91%
    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

  • 3.88% Animal Cruelty
  • 9.99% Human Rights Violations
  • 0.0% Social Harm
  • 1.92% Fossil Fuels
  • 2.05% Weapons
  • 0.22% Environmental Harm

Companies of Concern

  • Animal Cruelty

    • L'Oréal SA
      2.53%
      2.53%
  • Human Rights Violations

    • 2.81%
    • Caterpillar
      2.25%
      2.25%
    • Zijin Mining
      0.06%
      0.06%
    • Pan American Silver Corp.
      0.04%
      0.04%
  • Fossil Fuels

    • Constellation Energy Corp.
      1.67%
      1.67%
    • Barrick Gold
      0.13%
      0.13%
    • Franco-Nevada Corp.
      0.12%
      0.12%
    • Sandstorm Gold Ltd.
      0.01%
      0.01%
  • Weapons

    • Amphenol Corp.
      2.05%
      2.05%
  • Environmental Harm

    • Barrick Gold
      0.13%
      0.13%
    • Zijin Mining
      0.06%
      0.06%
    • Harmony Gold Mining Co Ltd
      0.04%
      0.04%

About this Fund

The Fund seeks to provide investors with long-term capital growth, by investing in large companies globally, directly and through ETFs.

Value $362M NZD
Period of data report 31st March 2025
Fund started 1st May 2018
Total annual fund fees 1.47%
Total performance based fees 0.0%
Manager's basic fee 1.45%
Other management and administration charges 0.02%
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)

Guy Thornewill

Currently: Head of Global Research (6 years, 8 months)
Previously: Portfolio Manager at Ruffer LLP (9 years, 0 months)

Toby Woods

Currently: Senior Investment Analyst (5 years, 7 months)
Previously: Head of Equity Sales at Hauck & Aufhäuser (9 years, 5 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 4.07% -1.16%
2024 15.78% 14.77%
2023 -4.85% 0.57%
2022 3.53% -2.17%
2021 35.55% 26.12%
2020 -7.06% -1.41%

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

  • Jpm Call Account - USD

    Australia Cash and Equivalents A+

    6.17%
  • Amazon.Com Inc

    United States International Equities

    4.36%
  • Microsoft Corporation

    United States International Equities

    3.48%
  • Jpmorgan Chase & Co

    United States International Equities

    3.35%
  • Apple Inc

    United States International Equities

    3.33%
  • Roche Holding AG-Genusschein

    Switzerland International Equities

    2.88%
  • Roper Industries Inc

    United States International Equities

    2.87%
  • Meta Platforms Inc

    United States International Equities

    2.81%
  • Uber Technologies Ord Shs

    United States International Equities

    2.77%
  • Schneider Electric Se

    France International Equities

    2.72%
Type Target Actual
Cash and Cash Equivalents 0.0% 9.49%
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% 88.59%
Listed Properties 0.0% 1.91%
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.