FundRock NZ Limited

InvestNow Milford Aggressive Fund

InvestNow KiwiSaver SchemeAggressive

What the provider says about this fund

Provides exposure to a diversified fund that primarily invests in international shares, with a moderate allocation to Australasian shares

1-year return

6.31%

5-year return p.a.

5.59%

Total annual fee

1.15%

Fund size ($m)

9.2

Members

459

Inception date

30 July 2023

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

Lower riskHigher risk

Growth assets

92.86%

Income assets

7.14%

Asset class	Actual	Target	Average for Aggressive funds
Australasian shares	21.19%	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	71.52%	70.00%	59.89%
Listed property	0.00%	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%

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

1.15% total annual fee

Fee type	Fee	Cost per year on a $30,000 balance	Average for Aggressive funds
Management fees	1.14%	$342	0.71%
Other fees	0.01%	$3	0.08%
Membership fees	0.00%	$0	0.05%
Total combined fees	1.15%	$345	0.85%

Year ending	Fund return	Average for Aggressive funds
31 March 2025	2.65%	4.58%
31 March 2026	6.31%	12.72%

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