Funds

PIE Australasian Dividend 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

    • Karoon Energy Ltd 4.58% !!
      This company is expanding their fossil fuel production and
      is off track with the UN target to limit global temperature
      rise to 1.5°C
    • Nrw Holdings Ltd 1.57%

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 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 $325M NZD
Period of data report 31st Dec. 2023
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 (1 years, 9 months)
Previously: Executive Director and Chief Executive Officer, Pie Funds (15 years, 5 months)

Mike Ross

Currently: Portfolio Manager (Lead) (5 years, 4 months)
Previously: Co-Portfolio Manager, Pie Funds (0 years, 6 months)

Michael Goltsman

Currently: Portfolio Manager (Co) (1 years, 9 months)
Previously: Senior Investment Analyst (0 years, 6 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% -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%
2014 10.13% 7.33%

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

  • Mermaid Marine Australia Ltd
    Australia Australasian Equities
    7.03%
  • Aub Group Limited
    Australia Australasian Equities
    5.93%
  • Johns Lyng Group Ltd
    Australia Australasian Equities
    5.35%
  • Aussie Broadband Pty Ltd
    Australia Australasian Equities
    5.24%
  • Karoon Gas Australia Ltd
    Australia Australasian Equities
    5.14%
  • Jpm Call Account - AUD
    Australia Cash and Equivalents A+
    3.95%
  • Macquarie Technology Group Ltd
    Australia Australasian Equities
    3.59%
  • Psc Insurance Group Ltd
    Australia Australasian Equities
    3.47%
  • Smartgroup Corp Ltd
    Australia Australasian Equities
    3.38%
  • Monash Ivf Group
    Australia Australasian Equities
    3.36%
Type Target Actual
Cash and Cash Equivalents 0.0% 11.9%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 100.0% 88.1%
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.