"I first invested with Pie Funds in
late 2008 at a time when almost everyone was still exiting equities.
To date Pie Funds has delivered on
its philosophy of value and growth, by providing consistent returns ahead of the market average in
a very unpredictable environment. No stone is left unturned before an investment decision is made in growth stocks, this gives me
comfort that Pie Funds will
continue to make balanced investment decisions with
my money."
Steve Nichols - Director
Medtral New Zealand
The Funds at a Glance
Name:
Pie Australasian Growth Fund and Pie Australasian Dividend Fund
Recommended Investment Timeframe:
At least 3 years
Risk Profile:
High Risk
Target Investment:
Predominantly small to medium sized growth companies
Investment Universe:
Predominantly New Zealand and Australian listed companies, including Initial Public Offerings.
The Funds may also invest in international listed companies (non New Zealand and Australian listed companies), including Initial Public Offerings.
Cash.
Asset Protection: Equity Derivatives, including exchange traded products such as options and index futures; and Over the Counter (OTC) products such as equity SWAPS and Contracts for Difference (CFD).
Currency risk hedging: Foreign Exchange forward contracts and option contracts.
Manager:
Pie Funds Management Limited (Pie Funds or the Manager)
Trustee:
Trustees Executors Limited (Trustee)
Unit Pricing:
Each business day (published monthly)
Minimum Initial Investment:
$5,000
Subsequent Investment and Withdrawal Amount:
$1,000
Distributions:
June and December (Pie Australasian Dividend Fund only)
(First distribution on 30 June 2012)
Entry/Exit Fee:
Nil
Withdrawals
Up to 20 business days
Management Fee:
1% p.a. of the gross asset value of the Funds
Performance Fee:
10% of the relevant Fund’s returns where a high water mark is exceeded*
Trustee, Custody, Registry & Investment Accounting Fees:
0.32% p.a. of the gross asset value of the Funds (subject to a minimum $35,000 p.a. per Fund). Additional custody fees (over and above the 0.32% p.a.) may apply where a Fund trades outside of Australasia and/or has a high volume of trade settlements.
Launch Date:
3 December 2007 (Pie Australasian Growth Fund)
16 September 2011 (Pie Australasian Dividend Fund)
* A high water mark ensures the Manager must exceed the highest previous portfolio valuation before receiving any performance fee. This means the Manager can not receive a benefit more than once for the same performance.