Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed aggressive funds is 12.02%.
The Pie Growth UK & Europe Fund seeks to provide investors with long term capital growth by investing predominantly in a concentrated portfolio of hand-picked listed UK and European Smaller Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Pie Growth UK & Europe Fund may also invest in other types of financial products such as cash and unlisted equities.
| Value | $141M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 1st Nov. 2016 |
| 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 |
|
Michael Taylor |
Currently: Executive Director and Chief Investment Officer (3 years, 6 months)
|
|
Toby Woods |
Currently: Portfolio Manager (Lead) (0 years, 5 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
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% | -3.86% |
| 2024 | 15.78% | 12.02% |
| 2023 | -4.85% | -7.88% |
| 2022 | 3.53% | -1.42% |
| 2021 | 35.55% | 61.97% |
| 2020 | -7.06% | -8.39% |
| 2019 | 10.17% | -1.21% |
| 2018 | 7.53% | 11.9% |
| 2017 | 9.49% | 0.0% |
| 2016 | 4.71% | 0.0% |
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 Sept. 2025.
Boku Inc
United Kingdom International Equities
BNZ Call Account - NZD
New Zealand Cash and Equivalents AA-
Smart Eye Ab (Publ)
Sweden International Equities
Id Logistics Sas
France International Equities
Invisio Communications Ab
Sweden International Equities
Alzchem Group AG
Germany International Equities
Flatexdegiro AG
Germany International Equities
Do & Co AG
Austria International Equities
Pfisterer Holding Se
Germany International Equities
Jtc PLC
United Kingdom International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 6.67% |
| 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% | 93.33% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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 30th Sept. 2025.
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. 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.
The Pie Growth UK & Europe Fund seeks to provide investors with long term capital growth by investing predominantly in a concentrated portfolio of hand-picked listed UK and European Smaller Companies, where Pie Funds considers value is greatest and the opportunity of earnings growth is high. The Pie Growth UK & Europe Fund may also invest in other types of financial products such as cash and unlisted equities.
| Value | $141M NZD |
| Period of data report | 30th Sept. 2025 |
| Fund started | 1st Nov. 2016 |
| 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 |
|
Michael Taylor |
Currently: Executive Director and Chief Investment Officer (3 years, 6 months)
|
|
Toby Woods |
Currently: Portfolio Manager (Lead) (0 years, 5 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.
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% | -3.86% |
| 2024 | 15.78% | 12.02% |
| 2023 | -4.85% | -7.88% |
| 2022 | 3.53% | -1.42% |
| 2021 | 35.55% | 61.97% |
| 2020 | -7.06% | -8.39% |
| 2019 | 10.17% | -1.21% |
| 2018 | 7.53% | 11.9% |
| 2017 | 9.49% | 0.0% |
| 2016 | 4.71% | 0.0% |
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 Sept. 2025.
Boku Inc
United Kingdom International Equities
BNZ Call Account - NZD
New Zealand Cash and Equivalents AA-
Smart Eye Ab (Publ)
Sweden International Equities
Id Logistics Sas
France International Equities
Invisio Communications Ab
Sweden International Equities
Alzchem Group AG
Germany International Equities
Flatexdegiro AG
Germany International Equities
Do & Co AG
Austria International Equities
Pfisterer Holding Se
Germany International Equities
Jtc PLC
United Kingdom International Equities
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 6.67% |
| 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% | 93.33% |
| Listed Properties | 0.0% | 0.0% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
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 30th Sept. 2025.
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. 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.
