Emerging

This is one of the only true emerging company funds available in Australasia with a proven track record.

Mark Devcich
HEAD OF RESEARCH & PORTFOLIO MANAGER




ALL DATA AS AT 29 SEPTEMBER 2017

Inception

Apr 2013

28.3

%
p.a.
0

Annualised return since inception**

206.2%

Total Return since inception**

Soft Closed

The Fund

The Emerging Fund gives investors access to very small companies. This fund is soft-closed, but there is still capacity in the Global and Cash Plus Funds. Recommended investment time frame: 5 years. 

Investment Process

The Emerging Companies 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 Australian and New Zealand Emerging Companies, whose potential we do not consider to be fully realised by the market. The Emerging Companies 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 Emerging Companies Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.

During periods of uncertainty the Emerging Companies 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

The fund invests in very small companies that we think have the greatest value and potential for future earnings. These are companies in Australia and New Zealand that we believe are undervalued by the market. By emerging companies, we mean companies that have a market capitalisation of up to $150 million in local currency relative to the exchange that they are listed on.

Find out more about our top holdings by checking out the latest Emerging 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 Emerging Fund, Mark is also portfolio manager of the Dividend 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.