Pie Funds PIE KiwiSaver Growth Fund
PIE Kiwisaver Growth Fund is a growth KiwiSaver fund managed by Pie Funds. It has 9,825 members and holds $412 million. It opened in 2018.
Fees and returns
- Annual fee
- 1.01% of your balance each year
- Return over 1 year
- +15.2% a year
- Return over 3 years
- +11.2% a year
- Return over 5 years
- +1.6% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +1.6% a year. The median for mainstream growth funds over the same period was +5.1% a year, across 28 funds. This fund is behind that median, by 3.5 percentage points.
What it invests in
International equities 59%, australasian equities 17%, cash and cash equivalents 10%, international fixed interest 9%.
Largest holdings
- Pie Global Growth 2 Fund 43.62%
- Pie Fixed Income Fund 15.39%
- Pie Australasian Growth 2 Fund 14.29%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +16.2% |
| 2024/25 | +1.8% |
| 2023/24 | +16.1% |
| 2022/23 | −4.2% |
| 2021/22 | −14.3% |
| 2020/21 | +45.8% |
| 2019/20 | +10.0% |
About this fund
The Pie KiwiSaver Growth Fund is an actively managed growth fund that invests primarily in international and Australasian equities with a focus on globally recognised brands, plus some cash and fixed interest, held directly and through other funds managed by Pie Funds. It is run by Pie Funds, a New Zealand-owned boutique active manager. Aiming to maximise capital growth over a minimum timeframe of seven years, it has operated since 2018 and carries an annual fund charge of 1.01%.