AMP Wealth Management New Zealand Limited

Milford Aggressive Fund

AMP KiwiSaver SchemeAggressive

What the provider says about this fund

To provide a portfolio that primarily invests in international equities, with a moderate allocation to Australasian equities. The fund's objective is to maximise capital growth after fees (but before tax, cost and expenses), over the minimum recommended investment timeframe of ten years.

1-year return

5.98%

5-year return p.a.

5.59%

Total annual fee

1.57%

Fund size ($m)

76.4

Members

2,403

Inception date

23 February 2022

Risk indicator

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

Lower riskHigher risk

Investment mix

Growth assets

92.86%

Income assets

7.14%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	20.03%	25.00%	28.28%
Cash and equivalents	6.35%	5.00%	1.31%
Commodities	0.15%	0.00%	0.09%
International bonds	0.11%	0.00%	0.17%
International shares	69.86%	70.00%	59.89%
Listed property	2.82%	0.00%	8.08%
New Zealand bonds	0.68%	0.00%	0.17%
Unknown	0.00%	0.00%	0.00%
Unlisted property	0.00%	0.00%	0.17%

Top 10 holdings

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

Fees

1.57% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	1.47%	$441	0.71%
Other fees	0.02%	$6	0.08%
Membership fees	0.08%	$23	0.05%
Total combined fees	1.57%	$470	0.85%

Yearly returns

Year ending	Fund return	Average for Aggressive funds
31 March 2023	-3.69%	-4.50%
31 March 2024	20.61%	16.43%
31 March 2025	2.42%	4.58%
31 March 2026	5.98%	12.72%

Documents

Key personnel

Name	Position	Time in role
Craig Stobo	Investment Committee, Independent Member	2 years, 5 months
Jeff Ruscoe	Investment Committee, Member(Chairman)	7 years
Mark Ennis	Investment Committee, Member	5 years, 8 months
Matthew Arnold*	Investment Committee, Member	1 month