6/30/2021 12:00:00 AM

Morningstar results

One of our funds has achieved a Morningstar 5-star Overall Rating™¹, and four have been ranked among the top five performers in their categories.²

Australasian Dividend Growth was #2, Australasian Growth 2 was #3, Global Growth was #4 and Australasian Emerging Companies was #5 in their respective Morningstar categories for 12 month returns to 30 June 2021.²

Our Australasian Dividend Growth Fund also achieved a Morningstar 5-star Overall Rating™¹  as at 30 June 2021.

Our fund rankings, ordered by 12-month return:

Fund

12-month return to 30 June 2021

Overall Morningstar Rating™ ¹


Return (after fees before tax)

Category rank²


Growth UK & Europe

58.84%

1/2

N/A

Australasian Dividend Growth

53.67%

2/28

5 star

Australasian Growth 2 (closed)

44.14%

3/28

4 star

Global Growth

35.10%

4/32

4 star

Australasian Emerging Companies (closed)

34.27%

5/28

4 star

Global Growth 2

23.99%

28/32

1 star

Australasian Growth (closed)

19.20%

16/28

4 star

Conservative

5.86%

9/34

3 star

¹ As at 30/06/2021, 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 1-star Overall Rating™ out of 27 Equity Region World funds. Conservative Fund received a Morningstar 3-star Overall Rating™ out of 32 Multisector - Conservative funds.

² Category rankings: Australasian Dividend Growth ranked #2, Australasian Growth 2 ranked #3 and Australasian Emerging Companies ranked #5 out of 28 Equity Region Australasian funds and Global Growth Fund ranked #4 out of 32 Equity Region World funds. Based on 12-month returns to 30 June 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.

© 2021 Morningstar, Inc. All rights reserved. Neither Morningstar, its affiliates, nor the content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice or ‘regulated financial advice’ under New Zealand law has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Ltd, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. For more information refer to our Financial Services Guide (AU) or Financial Advice Provider Disclosure Statement (NZ) at www.morningstar.com.au/s/fsg.pdf and www.morningstar.au/s/fapds.pdf. You should consider the advice in light of these matters and if applicable, the relevant Product Disclosure Statement before making any decision to invest. Our publications, ratings and products should be viewed as an additional investment resource, not as your sole source of information. Past performance does not necessarily indicate a financial product’s future performance. To obtain advice tailored to your situation, contact a professional financial adviser.

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

Information is current as at 30 June 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 guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary.