Annualised since inception (after fees before tax)
Unit price as at
The Conservative Fund aims to preserve capital, with some growth, which outperforms the market index.
The Fund is a diversified fund investing primarily in fixed interest securities and some cash, with a modest allocation to equities either directly or through products issued by Pie Funds Management Limited.
We intend to make quarterly income distributions from the Fund declared on or about each quarter end, or units can be reinvested as requested.
Our Conservative Fund received a 2-star Overall Morningstar Rating™ out of 36 Multisector - Conservative funds as at 31/08/2021.
Please read the Product Disclosure Statement (PDS) and Statement of Investment Policy and Objectives (SIPO) for more information.
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Fact Sheet updated as at 31 August 2021
Total fund return since inception
Past performance is not a guarantee of future returns. All figures are calculated after fees and before any applicable tax.
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Mike Taylor Executive Director, Founder & CEO BBS, NZX DIP
Mike is the Founder and CEO of Pie Funds, and Chairman of the Investment Committee. He is also the Portfolio Manager of the Chairman’s Fund, Global Growth 2 Fund and Conservative Fund.
Prior to starting Pie Funds in 2007, he worked in a variety of roles in the financial industry both here and in the UK, including as a banking analyst for HBOS and an equities dealer for ABN Amro. His early career provided him with a diverse range of experience across the finance sector which Mike has used successfully in his roles as CEO and portfolio manager. Mike has a Bachelor of Business Studies in Finance from Massey University and a NZX Diploma. Having purchased his first shares at the age of eighteen, Mike went on to grow his own personal portfolio and then that of friends and family, before starting Pie Funds roughly ten years later.
Mike is a substantial shareholder of Pie Funds.
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To invest with Pie Funds, read the PDS and complete the online application form.
Product Disclosure Statements
Past performance is not a guarantee of future returns. No person, including the Directors of Pie Funds Management Limited, guarantees the repayment of units in the funds or any returns of units in the funds. Returns can be negative as well as positive and returns over different periods may vary.
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We are taking steps to try to preserve investor capital and take advantage of opportunities, arising from the severe market disruption associated with COVID-19.
To assist with buying into the current severe sell-off we have secured approval from our supervisor for a temporary exception to our Statement of Investment Policies and Objectives (SIPO), to allow us to exceed our maximum number of positions for the following funds:
We sought permission to increased position limits because we believe it will help us better serve our investors’ interests by:
The exemption is in force now. We will review the need for the exception in six months. If market conditions have returned to more normal settings, we will return within SIPO limits.