FundRock NZ Limited

InvestNow Milford Balanced Fund

InvestNow KiwiSaver SchemeBalanced

What the provider says about this fund

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

1-year return

4.17%

5-year return p.a.

4.74%

Total annual fee

1.05%

Fund size ($m)

31.5

Members

678

Inception date

20 October 2020

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

Lower riskHigher risk

Growth assets

54.93%

Income assets

45.07%

Asset class	Actual	Target	Average for Balanced funds
Australasian shares	17.32%	24.00%	13.93%
Cash and equivalents	6.50%	8.00%	7.91%
Commodities	2.22%	0.00%	0.17%
International bonds	23.17%	25.00%	19.39%
International shares	29.83%	30.00%	35.53%
Listed property	5.56%	7.00%	2.24%
New Zealand bonds	15.40%	6.00%	18.91%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.46%

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

1.05% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Balanced funds
Management fees	1.04%	$312	0.77%
Other fees	0.01%	$3	0.09%
Performance fees	0.00%	$0	0.00%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.05%	$315	0.91%

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