Growth

I invest in smaller companies that exhibit two major characteristics: value and growth.

Chris Bainbridge
SENIOR INVESTMENT ANALYST & PORTFOLIO MANAGER




ALL DATA AS AT 30 NOVEMBER 2017

Inception

Dec 2007

15.9

%
p.a.

Annualised return since inception**

337.8%

Total Return since inception**

Soft Closed

The Fund

Our flagship product, the Growth Fund was launched in 2007. This fund is soft-closed, but we launched the Growth 2 Fund to give investors access to a similar investment strategy to the Growth Fund. Check it out hereRecommended investment time frame: 5 years. Click here to view the latest Fund Update.

Investment Process

The Growth 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, whose potential Pie Funds considers has not been fully realised by the market. The Growth 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 Growth Fund, however turnover and trading activity of this portion of the portfolio is likely to be high.

During periods of uncertainty the Growth 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 the Statement of Investment Policy and Objectives (SIPO), then complete the online application form.

Investments

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 small cap 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 Fund Fact Sheet. 

Meet the Managers

Chris BainbridgeChris is responsible for detailed analysis of Australasian companies. He is also the Portfolio Manager of the Growth and Growth 2 Funds, and Co-Portfolio Manager of the Cash Plus Fund. Click here to read Chris'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.