Growth 2

We look for companies that have growth opportunities and are priced at a discount to our valuation.

Chris Bainbridge
SENIOR INVESTMENT ANALYST & PORTFOLIO MANAGER




ALL DATA AS AT 29 SEPTEMBER 2017

Inception

Aug 2015

18.7

%
p.a.
0

Annualised return since inception*

44.1%

Total Return since inception*

Soft Closed

The Fund

The Fund, through its investment strategy, has exposure to companies whose potential we don't consider to be fully realised by the market, but we consider the value to be great and the opportunity of earnings growth to be high. Recommended investment time frame: 5 years. This fund is soft-closed. 

Investment Process

The Growth 2 Fund will invest in a small number of growth orientated companies, where we consider value is greatest and the opportunity of earnings growth is high. In particular, Pie Funds intends to invest mostly in listed Australian and New Zealand Smaller Companies and Medium Companies, whose potential Pie Funds considers has not been fully realised by the market. The Growth 2 Fund may also invest in other types of financial products such as cash and unlisted equities.

At any given time short-term trading positions are not likely to exceed 10% of the portfolio of the Growth 2 Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.

During periods of uncertainty the Growth 2 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 then complete the online application form.

Companies

We look for companies that exhibit two major characteristics: value and growth. When selecting an investment, it must have growth opportunities and be priced at a discount to our valuation. 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 Growth 2 Fund Fact Sheet. 

Meet the Managers

Chris Bainbridge: Chris is responsible for detailed analysis of Australasian companies. In addition to managing the Growth 2 Fund, Chris is the portfolio manager of the Cash Plus Fund, and the joint portfolio manager for the Growth Fund. Click here to read Chris’s full profile.

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