- Provider website
- Minimum investment
$0
- Fund start date
16 September 2011
Mix
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 30 September 2024. The average mix for aggressive managed funds is in grey.
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. Compare with the average fees for aggressive managed funds (in grey).
Returns
Returns (in green) show how much this fund has grown in value in five years up to 30 September 2024 – after fees and taxes. Compare with the average aggressive managed fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ 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. ”
When can you get your money out?
For this managed fund (i.e. not a KiwiSaver fund), see the section of the PDS on withdrawing funds and how this works. Also, look for information about how long it takes to actually get paid after requesting a withdrawal, whether regular withdrawals are possible, and how often.
Mix
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 30 September 2024.
You can also see the average for Aggressive funds, which typically hold from 90% to 100% of growth assets.
This fund's asset mix
- Growth assets
- Income assets
- ASSET TYPE
- THIS FUND
- AVERAGE OF ALL AGGRESSIVE MANAGED FUNDS
Breakdown on Property assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 1.46% | — | 10.65% |
| Listed property | 1.46% | 0% | 9.80% |
| Unlisted property | 0.00% | 0% | 0.84% |
About property
Property refers to commercial real estate (not the family home) owned through property trusts or companies that own or develop real estate as their business. Properties are growth assets and can be listed on an exchange or be unlisted.
Breakdown on Other assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 0.00% | — | 3.91% |
| Commodities | 0.00% | 0% | 0.86% |
| Other | 0.00% | 0% | 3.06% |
| Unknown | 0.00% | 0% | 0.00% |
What "other" means
This category can include alternative investments such as derivatives, often through a hedge fund. These "other" investments are typically considered growth assets, or high-risk investments.
Breakdown on Bonds assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 0.00% | — | 0.15% |
| New Zealand bonds | 0.00% | 0% | 0.11% |
| International bonds | 0.00% | 0% | 0.04% |
About bonds
A bond is a bit like a term deposit at a bank, but it's effectively a loan you make to a company or government which they promise to pay back in full on a specific date. Until then, you receive regular interest at a fixed or agreed rate. Bonds are income assets and can also be called "fixed interest" or "debt securities". Since they can typically be traded on a secondary market, their value can go up and down. Here's more on the basics of bonds.
Breakdown on Cash assets
| ACTUAL | TARGET | AVERAGE | |
|---|---|---|---|
| Total | 6.64% | — | 1.99% |
| Cash and equivalents | 6.64% | 0% | 1.99% |
About cash
Cash is a kind of investment that generally pays you interest. (An exception to this are shariah-compliant funds, which can hold cash but are prohibted from earning interest.) Cash typically includes term deposits, floating-rate notes and money market accounts. Cash, which is often a loan to a bank, is considered an income asset. Here's more on investing in term deposits.
Top 10 investments
These assets make up 43.59% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| AUB GROUP LIMITED | Shares | Australasian equities | AU | 5.02% |
| ZIP CO LTD | Shares | Australasian equities | AU | 4.99% |
| JOHNS LYNG GROUP LTD | Shares | Australasian equities | AU | 4.94% |
| FLIGHT CENTRE TRAVEL GROUP LTD | Shares | Australasian equities | AU | 4.73% |
| LIFE360 INC | Shares | Australasian equities | AU | 4.63% |
| AUSSIE BROADBAND PTY LTD | Shares | Australasian equities | AU | 4.56% |
| JPM CALL ACCOUNT - AUD | Cash | Cash and equivalents | AU | 4.09% |
| GQG PARTNERS INC | Shares | Australasian equities | AU | 3.58% |
| HUB24 LIMITED | Shares | Australasian equities | AU | 3.54% |
| MAAS GROUP HOLDINGS LTD | Shares | Australasian equities | AU | 3.51% |
Full list of investments this fund holds
Full Portfolio Holdings PIEDividend March 2024.xlsx
A complete list of the fund's holdings
Fees
Fees shown here (in purple) are based on what you would pay over a year if you had $10,000 in this fund. You can compare these with fees for the average aggressive managed fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average aggressive managed fund (in grey).
| Fee Type | % Over a Year | Amount Paid on a 10K Balance |
|---|---|---|
ManagementThis fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. |
1.85%
AVG: 0.81%
|
$185.00
AVG: $81.05
|
OtherThis is a summary of other potential costs not covered in the categories displayed. |
0.00%
AVG: 0.12%
|
$0.00
AVG: $12.11
|
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. |
None
AVG: 0.03%
|
$0.00
AVG: $2.51
|
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. |
0.00%
AVG: 0.02%
|
$0.00
AVG: $1.68
|
Total combined feesThese are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. |
1.85%
AVG: 0.97%
|
$185.00
AVG: $97.35
|
Returns
For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all aggressive managed funds (in grey).
Yearly returns
These annual returns (in green) were for the 12 months up to 31 March 2024. You can compare them to the average aggressive managed fund (in grey).
Risks
Specific risks for this fund
Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.
You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.
Product Disclosure Statement 5 December 2023.pdf
How this investment works, including about the provider, risks, costs and potential returns
Risk indicator
This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).
The left side of this range of numbers indicates a Lower risk
The right side of this range of numbers indicates a Higher risk
- 1
- 2
- 3
- 4
- 5
- 6
- 7
The left side of this range of numbers indicates
Potentially
lower returns
The right side of this range numbers indicates
Potentially
higher
returns
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Product Disclosure Statement 5 December 2023.pdf
How this investment works, including about the provider, risks, costs and potential returns
Fund update (most recent)
This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.
300924_AUST_DIV_Quarterly Fund Update.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
Full Portfolio Holdings PIEDividend March 2024.xlsx
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Conservative Fund PDS_31012018.pdf
Pie Chairman's Fund PDS 21 Dec 2017.pdf
Pie Global Small Companies Fund Dec 17.pdf
Growth 2 PDS_20180511.pdf
GUKE_PDS Dec 17.pdf
Multi-Strategy - Replacement PDS 16112017.pdf
PDS_Climate Friendly_23 April 2018.pdf
Other Material Information23 April 2018.pdf
ESG Policy_October 2018.pdf
Conservative Product Disclosure Statement 1 April 2019.pdf
Chairman's Product Disclosure Statement 1 April 2019.pdf
Global Product Disclosure Statement 1 April 2019.pdf
Australasian Product Disclosure Statement 1 April 2019.pdf
Growth UK and Europe Product Disclosure Statement 1 April 2019.pdf
Multi-Strategy Product Disclosure Statement 1 April 2019.pdf
Climate Friendly Product Disclosure Statement 1 April 2019.pdf
Other Material Information 1 April 2019.pdf
Australasian & G2_Product Disclosure Statement_A4 Document.pdf
Pie Conservative Fund Product Disclosure Statement 22 August 2019.pdf
Pie Chairmans Fund Product Disclosure Statement 22 August 2019.pdf
Pie Global Small Companies Fund Product Disclosure Statement 22 August 2019.pdf
Pie Australasian Emerging Companies Fund Product Disclosure Statement 22 August 2019.pdf
Pie Growth UK and Europe Product Disclosure Statement 22 August 2019.pdf
Pie Multi Strategy Fund Product Disclosure Statement 22 August 2019.pdf
Pie Climate Friendly Product Disclosure Statement 22 August 2019.pdf
Pie Funds Other Material Information 22 August 2019.pdf
Other-Material-Information_13 Dec 19.pdf
Chairman's Product Disclosure Statement - 20200807.pdf
Other Material Information document - 6 July 2020.pdf
ESG Policy_Final December 2020.pdf
Product Disclosure Statement_1 February 2021.pdf
Other Material Information document_1 February 2021.pdf
Other Material Information_1 April 2021.pdf
Chairman's Product Disclosure Statement_1 April 2021.pdf
ESG Policy_2021 Final.pdf
ESG Policy_2021 November.pdf
Other Material Information 14 December 2021.pdf
ESG Policy_2021 November.pdf
ESG Policy_November 2022.pdf
Chairmans Product Disclosure Statement 1 September 2023.pdf
Responsible Investment Policy 1 September 2023.pdf
Other Material Information 1 September 2023.pdf
Other Material Information 1 September 2023.pdf
Responsible Investment Policy 5 December 2023.pdf
Other Material Information 5 December 2023.pdf
Responsible Investment Policy 5 March 2024.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
SIPO 5 December 2023.pdf
Strategies and objectives for this investment
Key personnel
These are the directors and employees who have the most influence on investment decisions for this fund.
| Name | Current position | Time in role |
|---|---|---|
| MICHAEL TAYLOR | Executive Director and Chief Investment Officer | 2 years, 6 months |
| MIKE ROSS | Portfolio Manager (Lead) | 6 years, 1 month |
| MICHAEL GOLTSMAN | Portfolio Manager (Co) | 2 years, 6 months |
Additional details
Manager details
Name
PIE FUNDS MANAGEMENT LIMITED
Type
NZ Limited Company
Website
NZBN
9429033253800
FSP Number
Supervisor
Name
TRUSTEES EXECUTORS LIMITED
Fund details
Asset liquidity ratio
100.15%
Total value of fund
$361,918,650.37
Debt ratio
0.15%
Continuous issue
Yes
Default KiwiSaver
No
Lifecycle option
No
Multi-fund option
No
Schedule 1 exemption
No
FMA exemption
No
Number of members
1,531
Reference numbers
Fund
FND560: PIE AUSTRALASIAN DIVIDEND GROWTH FUND
Offer
OFR10740: PIE FUNDS MANAGEMENT LIMITED
Scheme
SCH10581: PIE FUNDS MANAGEMENT SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Fund update (most recent)
These are provided to members of the fund (usually once each quarter) to update them on its performance.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. piefunds.co.nz