Milford Funds Limited
Milford KiwiSaver Active Growth Fund
Milford KiwiSaver PlanGrowth
What the provider says about this fund
The Fund’s objective is to provide annual returns of 10% after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of seven years. It is a diversified fund that primarily invests in equities, with a moderate allocation to fixed interest securities.
1-year return
7.64%
5-year return p.a.
6.82%
Total annual fee
1.05%
Fund size ($m)
8447.3
Members
103,069
Inception date
1 April 2010
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
71.56%
Income assets
28.44%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 15.51% | 30.00% | 20.20% |
| Cash and equivalents | 6.68% | 6.00% | 6.14% |
| International bonds | 13.35% | 14.00% | 8.75% |
| International shares | 47.57% | 48.00% | 51.02% |
| New Zealand bonds | 8.41% | 2.00% | 7.35% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | New Zealand Government 4.5% 15/05/2035 | Bonds | New Zealand Fixed Interest | NZ | 3.12% |
| 2 | SSE Plc | Shares | International Equities | GB | 2.69% |
| 3 | National Grid Plc | Shares | International Equities | GB | 2.37% |
| 4 | NatWest Group Plc | Shares | International Equities | GB | 2.30% |
| 5 | Aramark Corporation | Shares | International Equities | US | 2.20% |
| 6 | NZD Cash Current Account (HSBC) | Cash | Cash and Cash Equivalents | NZ | 2.00% |
| 7 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 1.88% |
| 8 | Taiwan Semiconductor Manufacturing Co., Ltd. | Shares | International Equities | TW | 1.76% |
| 9 | CRH Plc | Shares | International Equities | US | 1.69% |
| 10 | USD Cash Current Account (HSBC) | Cash | Cash and Cash Equivalents | US | 1.68% |
Fees
1.05% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.05% | $315 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.00% | $0 | 0.05% |
| Total combined fees | 1.05% | $315 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2017 | 8.51% | 8.61% |
| 31 March 2018 | 12.36% | 7.38% |
| 31 March 2019 | 6.67% | 7.03% |
| 31 March 2020 | -2.76% | -3.37% |
| 31 March 2021 | 33.49% | 28.64% |
| 31 March 2022 | 7.30% | 2.17% |
| 31 March 2023 | -1.05% | -3.69% |
| 31 March 2024 | 16.17% | 14.25% |
| 31 March 2025 | 4.74% | 3.98% |
| 31 March 2026 | 7.64% | 7.60% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Jonathan Windust | Portfolio Manager | 18 years |
| William Curtayne | Portfolio Manager | 12 years, 6 months |