Dividend

The Dividend Fund provides investors with long-term capital growth as well as a regular dividend payment stream.

Mark Devcich
HEAD OF RESEARCH & PORTFOLIO MANAGER




ALL DATA AS AT 29 SEPTEMBER 2017

Inception

Sep 2011

18.7

%
p.a.
0

Annualised return since inception**

181.3%

Total Return since inception**

Soft Closed

The Fund

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. Recommended investment time frame: 5 years. 

Investment Process

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 and read the Product Disclosure Statement (PDS) and then complete the online application form.

Companies

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. In addition to managing the Dividend Fund, Mark is also the portfolio manager for the Emerging Fund. Click here to read Mark’s full profile

Soft Closed
* Overall Morningstar ratings. ©2017 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affiliates nor their 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 has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement before making any decision to invest. Neither Morningstar, nor Morningstar’s subsidiaries, nor Morningstar’s employees can provide you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. DISCLOSURE: Morningstar employees may have an interest in the securities discussed in this report. Please refer to Morningstar’s Financial Services Guide (FSG) for more information www.morningstar.com.au/s/fsg.pdf. Note: Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 (“ASXO”).

** Past performance is not an indicator for future performance. All figures are calculated after fees and before any applicable tax.