FundRock NZ Limited

InvestNow Milford Active Growth Fund

InvestNow KiwiSaver SchemeGrowth

What the provider says about this fund

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

1-year return

7.52%

5-year return p.a.

4.78%

Total annual fee

1.05%

Fund size ($m)

76.0

Members

2,148

Inception date

21 July 2021

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

Lower riskHigher risk

Growth assets

71.75%

Income assets

28.25%

Asset class	Actual	Target	Average for Growth funds
Australasian shares	15.72%	30.00%	20.20%
Cash and equivalents	6.49%	6.00%	6.14%
Commodities	0.11%	0.00%	0.14%
International bonds	13.35%	14.00%	8.75%
International shares	47.55%	48.00%	51.02%
Listed property	8.37%	0.00%	3.65%
New Zealand bonds	8.41%	2.00%	7.35%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.70%

Rank	Asset	Asset class	Asset type	Country	% of fund
1	Milford Active Growth Wholesale Fund No. 2	Fund	Fund	NZ	100.00%

1.05% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Growth funds
Management fees	1.04%	$312	0.92%
Other fees	0.01%	$3	0.10%
Performance fees	0.00%	$0	0.00%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.05%	$315	1.07%

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