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 $250 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.
This Fund has a risk rating of 6 out of 7 (very high 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.
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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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Kent WilliamsLead Portfolio Manager BMathFin, FRM
Kent is the Lead Portfolio Manager of the Australasian Emerging Companies Fund and Co-Portfolio Manager of the Australasian Growth 2 Fund.
Prior to joining Pie in 2022, Kent spent eight years in AMP Capital’s Sydney-based small cap team as an Analyst. Before that, he worked at Suncorp as an Investment Analyst.
Kent holds a Bachelor of Mathematics and Finance from the University of Technology, Sydney.
He is also a Certified Financial Risk Manager.
Michelle Lopez Head of Australasian Equities and Co-Portfolio Manager BAppFin, BCOM, CFA
Michelle is head of the Pie Funds Australasian team, based in Sydney. She is the Lead Portfolio Manager for the Australasian Growth 2 Fund and the Co-Portfolio Manager for the Australasian Emerging Fund, and responsible for implementation of the Australasian investment strategy, portfolios, and team.
Prior to joining the company in 2023, Michelle was Head of Australian Equities at abrdn, where she worked for 18 years.
Michelle has been researching and investing in equity markets for close to two decades, including significant small cap experience. She has managed a team for many years as well as played an integral role in providing strategic insights for abrdn’s Australian business as Director.
Prior to abrdn, Michelle was a quantitative analyst at Willis Towers Watson.
Michelle holds a Bachelor of Applied Finance and a Bachelor of Commerce from Macquarie University, Sydney. She is a CFA charterholder.
Michelle 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
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.