FundRock NZ Limited

InvestNow Milford Conservative Fund

InvestNow KiwiSaver SchemeConservative

What the provider says about this fund

Provides exposure to a diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities

1-year return

1.83%

5-year return p.a.

2.49%

Total annual fee

0.87%

Fund size ($m)

7.0

Members

194

Inception date

1 October 2020

The official Smart Investor risk indicator uses a scale from 1 to 7.

Lower riskHigher risk

Growth assets

16.38%

Income assets

83.62%

Asset class	Actual	Target	Average for Conservative funds
Australasian shares	6.15%	4.00%	5.79%
Cash and equivalents	13.67%	7.00%	20.22%
Commodities	0.02%	0.00%	0.07%
International bonds	35.87%	50.00%	27.47%
International shares	6.98%	9.00%	14.45%
Listed property	3.23%	5.00%	1.47%
New Zealand bonds	34.08%	25.00%	29.28%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.49%

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Milford Conservative Fund	Fund	Fund	NZ	100.00%

0.87% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Conservative funds
Management fees	0.86%	$258	0.70%
Other fees	0.01%	$3	0.11%
Membership fees	0.00%	$0	0.05%
Total combined fees	0.87%	$261	0.86%

Year ending	Fund return	Average for Conservative funds
31 March 2022	-0.82%	-0.64%
31 March 2023	0.19%	-1.65%
31 March 2024	6.11%	6.61%
31 March 2025	5.34%	3.59%
31 March 2026	1.83%	3.96%

Name	Position	Time in role
Anthony Sowerby	Investment Committee Member	6 years
Jason Choy	Investment Committee Member	3 years, 8 months
Kimi David	Investment Committee Member	1 year, 1 month
Mike Heath	Investment Committee Member	6 years