Annualised since inception (after fees before tax)
Unit price as at
Status
The fund invests in very small companies we think have the greatest value and potential for future earnings. These are companies in Australia and New Zealand we believe are undervalued by the market. By emerging companies, we mean companies with a market capitalisation of up to $150 million in local currency relative to the exchange that they are listed on.
The Fund is designed to grow capital by investing in a small number of very small growth companies, where we consider value is greatest and the opportunity for earnings growth is high.
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 28 Feb 2020
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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Chris Bainbridge Senior Investment Analyst & Portfolio Manager BA, LLB HONS, CFA
Chris is responsible for researching and conducting detailed analysis of Australasian companies.
He is also the Portfolio Manager of the Growth 2 Fund, and Co-Portfolio Manager with Mark Devcich of the Emerging Fund.
Prior to joining Pie in 2012, Chris worked at Freshfields Bruckhaus Deringer LLP in London as a Lawyer in the Banking and Finance divisions.
Chris holds a Bachelors of Arts and Laws from the University of Auckland in New Zealand. He is also a Chartered Financial Analyst.
Chris is a shareholder of Pie Funds.
Mark Devcich Chief Investment Officer & Portfolio Manager BCOM, LLB, CFA, CA
Mark is Chief Investment Officer focusing on investment decisions and ensuring Pie’s investment strategy continues to be implemented successfully.
He is also the Co-Portfolio Manager with Chris Bainbridge for the Emerging Fund, and Portfolio Manager of the JUNO KiwiSaver Growth Fund.
Prior to joining Pie Funds in 2010, Mark worked at PricewaterhouseCoopers in both the Financial Assurance and M&A taxation divisions.
Mark has a Commerce and Law degree from the University of Auckland, is a CFA charter holder and a qualified chartered accountant.
Mark is a 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 Investing outside SIPO
The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds. Click to join below.
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. The JUNO KiwiSaver Scheme is owned, managed and issued by Pie Funds.
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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.