The Dividend Fund provides investors with long-term capital growth as well as a regular dividend payment stream.
HEAD OF RESEARCH & PORTFOLIO MANAGER
ALL DATA AS AT 31 JANUARY 2017
Annualised return since inception
Total Return since inception
The Dividend Fund was launched in 2011 to give investors access to long-term capital growth, as well as regular dividend payments (six-monthly, in June and December). This fund has a proven long-term track record. This fund is soft-closed, but there is still capacity in the Global, Growth 2, and Cash Plus Funds. Recommended investment time frame: 5 years.
The Dividend Fund will invest in a small number of growth orientated companies, where we consider the value is greatest and the possible of earnings growth is high. In particular, Pie Funds intend to invest mostly in listed Australian and New Zealand Smaller Companies, whose potential we do not consider to be fully realised by the market. The Dividend Fund will seek to identify Smaller Companies that exhibit long-term earnings growth and a sustainable dividend distribution policy. The Dividend Fund may also invest in other types of financial products such as cash.
At any given time short-term trading positions are not likely to exceed 10% of the portfolio of the Dividend Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.
During periods of uncertainty the Dividend Fund can increase its cash position up to a maximum of 100% of the portfolio to reduce downside volatility.
Further information in relation to how the investment strategy is implemented is set out above in the ‘Investment Strategy and SIPO Review’ section of this SIPO.
If you wish to invest, please download the Product Disclosure Statement (PDS) and complete the enclosed application form.
We look for companies that exhibit two major characteristics: value and growth. These are companies listed in Australia and New Zealand. We believe that it is better to focus our attention on a handful of carefully selected investments, so we will typically have 15 of our best ideas in our Australasian funds.
Find out more about our top holdings by checking out the latest Dividend Fund Fact Sheet.
Meet the Managers
Mark Devcich: Mark is Head of Research at Pie Funds and has overall responsibility for research and company analysis. Mark is also the portfolio manager for the Emerging Fund and the Dividend Fund. Prior to joining Pie Funds in 2010, Mark worked at PwC in both the Financial Assurance and mergers and acquisitions taxation divisions. Mark has a Commerce degree and a Law degree from the University of Auckland, is a CFA charter-holder and a qualified Chartered Accountant. Click here to read Mark’s full profile.