AMP Wealth Management New Zealand Limited

Milford Balanced Fund

AMP KiwiSaver SchemeBalanced

What the provider says about this fund

To provide a diversified portfolio that primarily invests in equities, with a significant allocation to fixed interest securities. The fund's objective is to achieve capital growth over the minimum recommended investment timeframe.

1-year return

4.19%

5-year return p.a.

3.77%

Total annual fee

1.43%

Fund size ($m)

71.9

Members

1,918

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

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%

Top 10 holdings

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

Fees

1.43% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Balanced funds
Management fees	1.32%	$396	0.77%
Other fees	0.03%	$9	0.09%
Membership fees	0.08%	$23	0.05%
Total combined fees	1.43%	$428	0.91%

Yearly returns

Year ending	Fund return	Average for Balanced funds
31 March 2023	-0.79%	-2.77%
31 March 2024	10.21%	10.89%
31 March 2025	4.60%	4.36%
31 March 2026	4.19%	6.36%

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