Terms & Conditions

Terms and conditions as at 1 August 2016

The following terms and conditions apply to the use of the Pie Funds Management Limited (Pie Funds) website. You acknowledge and accept that your use of this website indicates your acceptance of these terms and conditions. Pie Funds may change these terms and conditions at any time without notification.

Morningstar Disclaimer

As ranked by Morningstar. ©2016 Morningstar, Inc. All rights reserved. Neither Morningstar, nor its affliates 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”).

Background

Pie Funds is a boutique investment manager established in 2007. Pie Funds currently manages the Pie Australasian Growth Fund, the Pie Australasian Dividend Fund, the Pie Australasian Emerging Companies Fund, the Pie Global Small Companies Fund, the Pie Chairman’s Fund, the Pie Cash Plus Fund, the Pie Growth 2 Fund, and the Pie Growth UK & Europe Fund (the Funds). The latest Product Disclosure Statements for the Funds is available by following the ‘Invest with Us’ link on our homepage.

Employees

The employees of Pie Funds are available to discuss the structure and features of Pie Funds’ products with investors and potential investors. They also give views and general comment in connection with global market developments and trends (including by way of a monthly newsletter). Pie Funds and its employees give wholesale and/or generic financial advice, but do not provide financial advice in connection with any securities including in relation to Pie Funds’ products.

Pie Funds and its employees have not been:

•  Convicted of an offence under the Financial Markets Conduct Act 2013, the previous Securities Act 1978 (now repealed) or of any crime involving dishonesty
•  A director or principal officer of a body corporate when that body corporate committed any offences or crimes involving dishonesty
•  Adjudicated bankrupt
•  Prohibited from taking part in the management of a company or business
•  The subject of an adverse finding by a court in any proceeding that has been taken against them in their professional capacity
•  Expelled from, or prohibited from being a member of a professional body
•  Placed in statutory management or receivership

Employee experience

Refer to the Product Disclosure Statements which are available by following the link on our homepage: “Invest with Us”.

Income

Pie Funds receives a management fee and performance fee from the Funds. It does not receive commission or brokerage in connection with the issue or sale of the units in the Funds. Mike Taylor, Richard Avery Wright, Mark Devcich, Roy Knill, Elliott Jackson, Sam de Court and Steve Nicholls are shareholders in Pie Funds either directly or through entities. Pie Funds’ employees are paid a salary by Pie Funds and may receive a bonus payment from Pie Funds based on the performance of Pie Funds. The bonus is discretionary and will be determined by the Board of Pie Funds.

Procedures for dealing with investment money

Pie Funds does not receive investment money from investors. Such investment money must be paid to the trustee of the relevant Fund, who maintains the accounts. The directors of Pie Funds have appointed Trustees Executors Limited (the Trustee) to act as the independent trustee and custodian of the Funds. Pie Funds does not have signing authority to make external payments from these accounts.

Professional indemnity insurance cover

In providing information about products offered by Pie Funds, Pie Funds’ employees are acting as employees of Pie Funds. Pie Funds has an insurance programme that includes professional indemnity insurance (directors’ and officers’ liability insurance including prospectus liability extension). The insurance covers any act, error, omission, misstatement, misleading statement, neglect, breach of duty or breach of trust. The policy is subject to excess, exclusions and limitations that are typical for such a policy.

New Zealand products and services

The products and services provided on this site are designed and intended for New Zealand residents only. Unless otherwise stated, references to any currency are in New Zealand dollars.

Website content

While we have made every effort to ensure that information contained on this website is complete and accurate, Pie Funds makes no representation or warranty of any kind as to the accuracy or completeness of, or uninterrupted access to, any information
contained on this website, or that this information is suitable for your intended use. 

To the extent permitted by law, neither Pie Funds nor its directors, nor any of its related companies, will be liable for any loss or damage suffered by you through use of this website, or Pie Funds’ failure to provide this website, nor do they guarantee the performance of any Fund. 

No investment advice

The material on this website is for information purposes only. Pie Funds does not warrant the accuracy, adequacy, completeness, timeliness or reliability of this website and expressly disclaims all warranties and representations of any kind with regard to this website. It is not financial advice and has not been prepared with regard to your particular financial situation or investment objectives. Neither Pie Funds nor any of its employees, contractors, directors or shareholders will be responsible or be liable for any direct, indirect, consequential, loss of profits or damages (including for negligence) arising out of your use of this website. Pie Funds does not guarantee the performance of any fund referred to. Past performance is not a guarantee of future returns.  Material or views expressed on specific companies are for information only and are not a recommendation to buy, sell or hold their financial products. You should not use information on this website (other than the available product disclosure statements for our funds) as a basis to make any investment decision.The contents of this website are not permitted to be made available to persons in any jurisdiction in which it would be unlawful to do so.

You must not rely on the information contained on this website when making investment decisions or otherwise. Before making an investment decision you should seek independent, professional, financial and/or legal advice relevant to your circumstances.

Investments

Investments are subject to investment and other risks (including loss of income and principal invested). Past performance is not a reliable indicator of future performance. Where Fund performance figures are shown, they are shown subject to specific terms and assumptions. Returns over different periods can differ.

Fund unit prices are subject to change without notice and are shown at the date specified.

Third party websites

Pie Funds accepts no responsibility for the content of any website operated by a third party accessed via a link from this site, nor will we accept responsibility for the content of any third party website which provides a link through to this site. Pie Funds does not endorse any products or services on third party websites, and links to other websites are provided for your convenience only.

Security

Pie Funds uses security measures to ensure your details are held securely by Pie Funds and protected against unauthorised access. 

Only authorised users may access the investor login service. You are solely responsible for all actions taken by the username and/or password chosen by you to access the restricted part of the website. You should not disclose your login details to anyone else. Pie Funds and its directors are not responsible for any unauthorised access using your username and password. 

Privacy

Pie Funds is committed to ensuring the privacy of your personal information. Any information that you provide us is held in accordance with all relevant privacy laws. 

We will not disclose information held about you outside of Pie Funds without your consent. Unless we are required to do so, or permitted to, by law. We may also disclose information to your financial adviser (where relevant) and when you have authorised us to, or where disclosure is connected to the purpose for which it was collected.

We only use personal information you provide to us for purposes disclosed to you at the time of collecting the information. We use your personal information to provide you with products, services and information about our products and services. We will not use your personal information for any purpose that is not related to the products or services we provide to you, or for any purpose for which you would not reasonably expect us to use that information. We will also not sell or disclose personal information about you to any third party for marketing purposes.

You have the right to access any personal information held by Pie Funds about you. If you believe the information is wrong, you may ask that it be corrected. To request information about yourself, you can contact:

Pie Funds Management Limited,
Level One, 1 Byron Avenue 
PO Box 33 1079, Takapuna, Auckland
Attention:Client Services Manager
Telephone:+64 9 486 1701
Email:clients@piefunds.co.nz 

Intellectual property

Pie Funds holds all copyright and other intellectual property rights to the information, images, screens, web pages, logos and brands on this site, which may not be copied or reused (other than as expressly intended by this site) without the written consent of Pie Funds.

You may use or permit the use of any part of this site only for the purposes of viewing Fund information and information about Pie Funds. You may not display or distribute the content of this website in public, or where the content is accessible to the public, without the permission of Pie Funds.

Dispute resolution facility

In the first instance, complaints about investments can be made to
Pie Funds by contacting us at:

Pie Funds Management Limited,
Level One, 1 Byron Avenue 
PO Box 33 1079, Takapuna, Auckland 0622
Attention:Client Services Manager
Telephone:+64 9 486 1701
Email:clients@piefunds.co.nz 

 

If you need further information you may choose to contact the Trustee:

Trustees Executors Limited, Level 12, 45 Queen Street
PO Box 4197 Shortland Street, Auckland 
Attention: Business Manager
Telephone:+64 9 308 7100
Facsimile:+64 9 308 7101

Both Pie Funds and the Trustee are required to be a member of an approved dispute resolution scheme under the Financial Service Providers (Registration and Dispute Resolution) Act 2008. If your complaint has not been resolved in the first instance, or if you are unsatisfied with the resolution, you may make a complaint to either
Pie Funds’ or the Trustee’s dispute resolution scheme.

 

As at the date of these terms and conditions, Pie Funds is a member of the Insurance and Financial Services Ombudsman scheme. The Insurance and Financial Services Ombudsman can be contacted at:

The Insurance and Financial Services Ombudsman scheme
Level 11 Classic House
15-17 Murphy Street
PO Box 10-845
Wellington 6011
Telephone:0800 888 202 or +64 4 499 7614

 

As at the date of these terms and conditions, the Trustee is a member of the Financial Services Complaints Limited dispute resolution scheme. They can be contacted at:

Financial Services Complaints Limited
4th Floor, 101
PO Box 5967, Lambton Quay, 
Wellington 6145
Telephone:0800 347 257 or +64 4 472 3725

 

Different procedures apply for making a complaint to each of the Insurance and Financial Services Ombudsman scheme and Financial Services Complaints Limited. Pie Funds’ and the Trustee’s dispute resolution scheme provider may change from time to time. Details of Pie Funds’ and the Trustee’s current dispute resolution scheme provider can be found by searching the Financial Service Providers Register at
www.business.govt.nz/fsp.

New Zealand Law

The terms and conditions applicable to our website are governed by and construed in accordance with the laws of New Zealand.

The information on this website is intended for use by New Zealand investors only.

Effective 1 August 2016.

For more information email clients@piefunds.co.nz.
Download a Product Disclosure Statement or Statement of Investment Policy and Objectives at www.piefunds.co.nz or www.business.govt.nz/disclose.

 

PO BOX 33 1079, Takapuna 0622