Pie Funds Management Limited
Pie KiwiSaver Aggressive Fund
Pie KiwiSaver SchemeGrowth
What the provider says about this fund
The Pie KiwiSaver Aggressive Fund seeks to maximise capital growth for members over a period exceeding 10 years. The Fund invests primarily in International and Australasian equities directly and/or through other funds also managed by Pie Funds.
5-year return p.a.
4.78%
Total annual fee
1.19%
Fund size ($m)
74.1
Members
1,682
Inception date
1 May 2025
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
87.04%
Income assets
12.96%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 26.19% | 30.00% | 20.20% |
| Cash and equivalents | 12.96% | 5.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 0.00% | 0.00% | 8.75% |
| International shares | 60.85% | 65.00% | 51.02% |
| Listed property | 0.00% | 0.00% | 3.65% |
| New Zealand bonds | 0.00% | 0.00% | 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 | 4.05% |
| 2 | JPM Call Account - AUD | Cash | Cash and Cash Equivalents | AU | 1.67% |
| 3 | JPM Call Account - USD | Cash | Cash and Cash Equivalents | AU | 1.57% |
| 4 | NVIDIA Corp | Shares | International Equities | US | 1.45% |
| 5 | Pinnacle Investment Management Group Ltd | Shares | Australasian Equities | AU | 1.42% |
| 6 | Monadelphous Group Ltd | Shares | Australasian Equities | AU | 1.28% |
| 7 | Ridley Corp Ltd | Shares | Australasian Equities | AU | 1.21% |
| 8 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.20% |
| 9 | AUB Group Limited | Shares | Australasian Equities | AU | 1.19% |
| 10 | Millicom International Cellular SA | Shares | International Equities | US | 1.17% |
Fees
1.19% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.15% | $345 | 0.92% |
| Other fees | 0.04% | $12 | 0.10% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.19% | $357 | 1.07% |
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 |