12/30/2021 11:00:00 PM

Morningstar results

Our Australasian Dividend Growth Fund received a 5-star Overall Morningstar Rating™ and a 5-star 10-Year Morningstar Rating™ as at 31 December 2021.¹

Our fund rankings, ordered by 12-month return:

Fund

12-month return to 31 December 2021

Overall Morningstar Rating™ ¹


Return (after fees before tax)

Category rank²


Australasian Dividend Growth

36.28%

1/28

5 star

Global Growth

22.05%

15/29

4 star

Growth UK & Europe

20.88%

1/1

n/a

Global Growth 2

14.55%

23/29

2 star

Australasian Emerging Companies  (closed)

5.73%

15/28

4 star

Australasian Growth  (closed)

3.71%

21/28

4 star

Australasian Growth 2 (closed)

3.59%

22/28

4 star

Conservative

2.12%

14/32

2 star


Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary. Morningstar does not rank all fund managers and risk profiles vary between funds.

¹ As at 31/12/2021, the Australasian Dividend Growth Fund received a Morningstar 5-star Overall Rating™, Australasian Growth Fund, Australasian Growth 2 Fund and Australasian Emerging Companies received a Morningstar 4-star Overall Rating™ out of 26 Equity Region Australasian funds. Global Growth Fund received a Morningstar 4-star Overall Rating™ and Global Growth 2 Fund received a Morningstar 2-star Overall Rating™ out of 26 Equity Region World funds. Conservative Fund received a Morningstar 2-star Overall Rating™ out of 31 Multisector - Conservative funds. The Australasian Dividend Growth Fund also received a 5-star Morningstar Rating™ for the 10 years to 31/12/2021 out of 16 Equity Region Australasian funds. 

² Category rankings are based on 12-month returns to 31 December 2021 in the Morningstar Fund Report. Morningstar results are after fees and before tax. Source: https://www.morningstar.com.au/Search/MoreResults/Pie. The Category Rankings have the Morningstar Category Equity Region Australasia for the Australasian Dividend Growth, Australasian Emerging Companies, Australasian Growth 2 and Australasian Growth Funds, Multisector - Conservative for the Conservative Fund, Equity Region Europe for the Growth UK & Europe Fund and Equity Region World for the Global Growth and Global Growth 2 Funds.

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The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. To get a Morningstar Rating (Star Rating), a fund must be at least three years old, and be in a peer group (Morningstar Category) which has at least 10 funds with three-year track records. Morningstar Overall Ratings: https://www.morningstar.com.au/Funds/FundsFaq#FFAQ12 

Morningstar ranks 756 funds in New Zealand. (Source: https://www.morningstar.com.au/Tools/NewFundScreener

Information is current as at 31 December 2021. Pie Funds Management Limited is the manager of the funds in the Pie Funds Management Scheme. Any advice is given by Pie Funds Management Limited and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Pie Funds Management Scheme investment funds, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see our product disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary.