Annualised since inception (after fees before tax)
Unit price as at
The Conservative Fund seeks to preserve investors’ capital, with some capital growth.
The Fund is a diversified fund investing primarily in fixed interest securities and some cash, with an 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.
This Fund has a risk rating of 3 out of 7 (low to medium risk).
Please read the Product Disclosure Statement (PDS) and Statement of Investment Policy and Objectives (SIPO) for more information, including details of the risks associated with this fund.
Enquire nowDownload Fact Sheet
Fact Sheet updated as at 30 September 2023
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 Founder and Chief Investment Officer BBS, NZX DIP
Mike is the Founder and CIO of Pie Funds, as well as Chairman of the Investment Committee. As CIO, he focuses on investment decisions and ensuring Pie’s investment strategy continues to be implemented successfully. Mike is also the Portfolio Manager for a number of Pie's products.
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. 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 about ten years later.
Mike is a substantial shareholder of Pie Funds.
Travis Murdoch Head of Fixed Income and Portfolio Manager BCOM, LLB
Travis is responsible for research and portfolio management of the company’s fixed income strategies. He is the Co-Portfolio Manager of the Conservative Fund.
Prior to joining the company in 2022, Travis was a Portfolio Manager at Milford Asset Management. Before that, he worked in a variety of roles in the UK, including as Portfolio Manager at JP Morgan Asset Management and Cairn Capital.
Travis holds a Bachelor of Commerce degree majoring in finance and a Bachelor of Laws degree from the University of Otago.
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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.