AON Milford Active Growth Wholesale Fund

In their own words: "To produce returns well in excess of inflation by investing primarily in Australasian shares, with a moderate allocation to international shares and fixed interest securities."

Not Mindful
Type: Growth fund
Past Returns: 9.14%

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

Annual Fees: 1.14%

Annual fees, including membership and % management fee.

A summary of this fund and it's details.

Number FND1177
Name AON Milford Active Growth Wholesale Fund
Risk profile Growth fund
Description To produce returns well in excess of inflation by investing primarily in Australasian shares, with a moderate allocation to international shares and fixed interest securities.
Value $160M NZD
Members 10,074
Market index description The market index return reflects a composite of benchmark index returns, weighted for the fund’s target asset allocation. The benchmark indices used for each asset class are defined in the Statement of Investment Policy and Objectives (SIPO).
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Fri May 1st 2009
Three-year average return 9.14%
Market index past year return 23.34%
Past year return net charges and tax 19.05%
Past year return net of charges gross of tax 20.08%
Market index return since fund started 10.45%
Return since fund started net 11.49%
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 1.02%
Administration charges 0.12%
Total other charges 49.8
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 September 2019.

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

Year Market Average Fund Annual Return
2019 6.87% 6.59%
2018 7.63% 12.38%
2017 8.87% 8.44%
2016 3.62% 7.46%
2015 13.73% 10.76%
2014 8.43% 19.33%
2013 12.00% 25.28%
2012 -1.50% 6.89%
2011 6.13% 4.79%

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 September 2019.

Showing the top 10 investments for this fund:

  • Milford Active Growth Fund
    New Zealand Fund
    100.0%

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

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 6.0% 2.15%
New Zealand Fixed Interest 4.0% 1.76%
International Fixed Interest 10.0% 14.3%
Australasian Equities 52.0% 38.8%
International Equities 28.0% 32.71%
Listed Properties 0.0% 8.41%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 1.87%
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 September 2019.

Key Personnel

  • Amanda Beeslaar

    Currently: Principal and Head of Retirement Products, Aon New Zealand (2 years, 6 months)
    Previously: Principal and KiwiSaver Sales and Service Manager, Aon New Zealand (9 years, 4 months)

  • Dennis Church

    Currently: Director, Aon Saver Limited (0 years, 8 months)
    Previously: General Manager, Public Trust Corporate Trustee Services (9 years, 6 months)

  • Enzo Cutrupi

    Currently: Director, Aon Saver Limited (2 years, 1 months)
    Previously: Principal and Head of Product and Investment, Aon Australia (current position) (6 years, 9 months)

  • Helen Mckenzie

    Currently: Director, Aon Saver Limited (0 years, 8 months)
    Previously: Director, Superannuation Management Nominees Limited (current position) (3 years, 2 months)

  • Simon Ferry

    Currently: Manager of Retirement & Financial Management, Aon New Zealand (2 years, 8 months)
    Previously: Retirement Business Leader, Mercer Hong Kong (4 years, 0 months)

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

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    1.88%
  • Animal Testing:
    1.45%
  • Fossil Fuels:
    2.35%
  • Gambling:
    1.04%
  • GMOs:
    0.08%
  • Human Rights & Environmental Violations:
    0.80%
  • Palm Oil:
    0.01%
  • Tobacco:
    0.03%
  • Weapons:
    0.22%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. 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.

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.

Note that 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

Specific companies invested in:

Fossil Fuel

BHP Group Ltd 0.69%
Woodside Petroleum Ltd 0.57%
Santos Ltd 0.28%
Eog Resources Inc 0.28%
Sundance Energy Australia Lt 0.23%
Senex Energy Ltd 0.08%
Origin Energy Limited 0.08%
Origin Energy Finance 5.45% 14/10/2021 0.02%
Beach Energy Ltd 0.02%

Weapons

Transdigm Group Inc 0.17%

Tobacco

Ishares Msci Eafe Min Vol ETF 0.02%

Gambling

Crown Resorts Ltd Frn 04/23/2075 0.76%
Aristocrat Leisure Ltd 0.28%

Alcohol

Delegat Group Ltd 1.15%
Diageo Plc 0.26%
Lvmh Moet Hennessy Louis Vui 0.25%
Metcash Limited 0.12%

Palm Oil

GMOs

Ishares Msci Eafe Min Vol ETF 0.06%
Ishares Msci Eafe Index Fund 0.02%

Human Rights & Environmental Violations

BHP Group Ltd 0.69%

Animal Testing

Estee Lauder Cos Inc/The 0.371%
L'Oreal Sa - Loyalty 2020 0.291%
Lvmh Moet Hennessy Louis Vui 0.251%
Ecolab Inc 0.191%

Download the fund's disclosure statement and portfolio holdings.

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