Pie Funds Management Limited
Pie KiwiSaver Growth Fund
Pie KiwiSaver SchemeGrowth
What the provider says about this fund
The Pie KiwiSaver Growth Fund seeks to maximise capital growth for members over a period exceeding 7 years. The Fund invests primarily in International and Australasian equities with a focus on globally-known brands, along with a cash and fixed interest exposure, directly and/or through investment in other funds also managed by Pie Funds.
1-year return
16.15%
5-year return p.a.
1.64%
Total annual fee
0.68%
Fund size ($m)
412.0
Members
9,825
Inception date
1 August 2018
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
75.14%
Income assets
24.86%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 16.50% | 15.00% | 20.20% |
| Cash and equivalents | 10.32% | 5.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 8.64% | 10.00% | 8.75% |
| International shares | 58.64% | 65.00% | 51.02% |
| Listed property | 0.00% | 0.00% | 3.65% |
| New Zealand bonds | 5.90% | 5.00% | 7.35% |
| Unknown | 0.00% | 0.00% | 0.00% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | BNZ Call Account - NZD | Cash | Cash and Cash Equivalents | NZ | 4.29% |
| 2 | Icehouse Ventures Growth Fund II | Shares | Australasian Equities | NZ | 2.76% |
| 3 | JPM Call Account - USD | Cash | Cash and Cash Equivalents | AU | 2.14% |
| 4 | NVIDIA Corp | Shares | International Equities | US | 2.01% |
| 5 | JPM Call Account - AUD | Cash | Cash and Cash Equivalents | AU | 1.58% |
| 6 | Apple Inc | Shares | International Equities | US | 1.48% |
| 7 | Alphabet Inc Class A | Shares | International Equities | US | 1.10% |
| 8 | Millicom International Cellular SA | Shares | International Equities | US | 1.04% |
| 9 | Microsoft Corporation | Shares | International Equities | US | 0.93% |
| 10 | BOC Hong Kong Holdings Ltd | Shares | International Equities | HK | 0.80% |
Fees
0.68% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 0.68% | $204 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 0.68% | $204 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2020 | 10.00% | -3.37% |
| 31 March 2021 | 45.83% | 28.64% |
| 31 March 2022 | -14.31% | 2.17% |
| 31 March 2023 | -4.24% | -3.69% |
| 31 March 2024 | 16.09% | 14.25% |
| 31 March 2025 | 1.84% | 3.98% |
| 31 March 2026 | 16.15% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Michael Taylor | Executive Director and Chief Investment Officer | 4 years |
| Michelle Lopez | Head of Australasian Equities and Portfolio Manager | 3 years, 2 months |
| Travis Murdoch | Head of Fixed Income andPortfolio Manager | 3 years, 5 months |