Milford Funds Limited
Milford KiwiSaver Aggressive Fund
Milford KiwiSaver PlanAggressive
What the provider says about this fund
The Fund’s objective is to maximise capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of ten years. It primarily invests in international equities, with a moderate allocation to Australasian equities.
1-year return
6.13%
5-year return p.a.
6.37%
Total annual fee
1.15%
Fund size ($m)
2873.4
Members
57,626
Inception date
1 August 2019
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
92.24%
Income assets
7.76%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 19.89% | 25.00% | 28.28% |
| Cash and equivalents | 6.98% | 5.00% | 1.31% |
| International shares | 69.40% | 70.00% | 59.89% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | USD Cash Current Account (HSBC) | Cash | Cash and Cash Equivalents | US | 7.05% |
| 2 | NVIDIA Corporation | Shares | International Equities | US | 3.18% |
| 3 | Microsoft Corporation | Shares | International Equities | US | 2.94% |
| 4 | Amazon.Com, Inc. | Shares | International Equities | US | 2.92% |
| 5 | NZD Cash Current Account (HSBC) | Cash | Cash and Cash Equivalents | NZ | 2.77% |
| 6 | Shell Plc | Shares | International Equities | GB | 2.64% |
| 7 | Apple Inc. | Shares | International Equities | US | 2.27% |
| 8 | NZD Cash Call Account (BNZ Bank) | Cash | Cash and Cash Equivalents | NZ | 2.15% |
| 9 | AUD Cash Current Account (HSBC) | Cash | Cash and Cash Equivalents | AU | 2.02% |
| 10 | Alphabet Inc. | Shares | International Equities | US | 1.84% |
Fees
1.15% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.15% | $345 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.15% | $345 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2021 | 39.10% | 35.19% |
| 31 March 2022 | 6.44% | 3.36% |
| 31 March 2023 | -2.19% | -4.50% |
| 31 March 2024 | 20.09% | 16.43% |
| 31 March 2025 | 2.62% | 4.58% |
| 31 March 2026 | 6.13% | 12.72% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Jonathan Windust | Portfolio Manager | 18 years |
| Stephen Johnston | Portfolio Manager | 12 years, 6 months |