Milford KiwiSaver Plan
Milford KiwiSaver Balanced Fund

In their own words: "The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of five years.It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities."

At a glance:

Not Mindful
Type: Balanced fund
Past Returns: 7.28%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.29%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND748
Name Milford KiwiSaver Balanced Fund
Risk profile Balanced fund
Description The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of five years.It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.
Value $310M NZD
Members 7,544
Market index description The market index return is the benchmark asset allocation weighted benchmark index return, as defined in the Statement of Investment Policy and Objectives.
Disclosure Statement Period Sun June 30th 2019
Fund started Thu April 1st 2010
Three-year average return 7.28%
Market index past year return 10.49%
Past year return net charges and tax 6.77%
Past year return net of charges gross of tax 7.76%
Market index return since fund started 9.22%
Return since fund started net 8.73%
Total annual fund fees 1.29%
Total performance based fees 0.18%
Manager's basic fee 1.02%
Administration charges 0.09%
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Index Fund Annual Return
2019 5.68% 6.15%
2018 5.63% 7.45%
2017 6.10% 8.25%
2016 4.01% 4.31%
2015 11.09% 15.12%
2014 7.28% 10.47%
2013 10.75% 17.52%
2012 1.75% 3.34%
2011 5.30% 4.2%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Showing the top 10 investments for this fund:

  • NZD Cash Current Account (Nab Bank)
    New Zealand Cash and Equivalents AA-
    3.0%
  • Contact Energy Ltd
    New Zealand Australasian Equities N/A
    2.22%
  • A2 Milk Company Ltd
    New Zealand Australasian Equities
    1.83%
  • EUR Cash Current Account (Citibank)
    Germany Cash and Equivalents A+
    1.83%
  • USD Cash Current Account (Citibank)
    United States Cash and Equivalents A+
    1.82%
  • Spark New Zealand Ltd
    New Zealand Australasian Equities N/A
    1.64%
  • Jpy Cash Current Account (Citibank)
    Japan Cash and Equivalents A+
    1.42%
  • Meridian Energy Ltd
    New Zealand Australasian Equities
    1.12%
  • Wellington Strategic European Equity Fund - Class S
    Ireland International Equities
    0.89%
  • Vontobel Mtx Sustainable Emerging Markets Leaders - Class S
    Luxembourg International Equities
    0.87%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

How the money in this fund is invested.

Type Target Actual
Cash and Cash Equivalents 8.0% 9.45%
New Zealand Fixed Interest 8.0% 8.06%
International Fixed Interest 23.0% 24.9%
Australasian Equities 30.0% 22.22%
International Equities 25.0% 24.28%
Listed Properties 6.0% 10.49%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.6%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

Key Personnel

  • Jonathan Windust

    Currently: Portfolio Manager (11 years, 3 months)
    Previously: Investment Director at Gartmore Investment Management, United Kingdom (7 years, 0 months)

  • Mark Riggall

    Currently: Portfolio Manager, Senior Dealer (4 years, 6 months)
    Previously: Executive Director of Equity Derivatives Trading at Morgan Stanley, United Kingdom and Hong Kong (11 years, 0 months)

  • Paul Morris

    Currently: Portfolio Manager (3 years, 5 months)
    Previously: Head of Portfolio Strategy and Fixed Income at Macquarie Private Wealth, New Zealand (4 years, 6 months)

  • William Curtayne

    Currently: Portfolio Manager (5 years, 9 months)
    Previously: Senior Analyst at Milford Asset Management, New Zealand (2 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2019.

The known proportion of this fund invested in the areas of concern that we track. The Fund may have investments that are not consistent with their exclusions policy because of timing issues or because there are companies of concern in indirect investments.

  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.91%
  • Animal Testing:
    1.52%
  • Fossil Fuels:
    1.77%
  • Gambling:
    1.01%
  • GMOs:
    0.05%
  • Human Rights & Environmental Violations:
    0.61%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.02%
  • Weapons:
    0.05%

This data has been compiled by Mindful Money from the portfolios that each KiwiSaver fund has filed with the Disclose register to 31 March 2019 and Mindful Money analysis of funds within those portfolio. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Does this fund have a policy to exclude any industries from its investments?

  • Adult Entertainment/Pornography:
  • Alcohol:
  • Animal Testing:
  • Fossil Fuels:
  • Gambling:
  • GMOs:
  • Human Rights & Environmental Violations:
  • Palm Oil:
  • Tobacco:
  • Weapons:

This data is compiled from Mindful Money analysis of Fund websites. Note that the Fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the Fund.

Many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.