Milford KiwiSaver Plan
Milford KiwiSaver Conservative Fund

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

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: 4.80%

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

Annual Fees: 0.95%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND747
Name Milford KiwiSaver Conservative Fund
Risk profile Conservative fund
Description The Fund’s objective is to provide moderate returns and protect capital after the base fund fee but before tax over the minimum recommended investment timeframe of three years.It is a diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities.
Value $98M NZD
Members 2,708
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 Mon Oct. 1st 2012
Three-year average return 4.80%
Market index past year return 8.33%
Past year return net charges and tax 5.38%
Past year return net of charges gross of tax 6.9%
Market index return since fund started 7.28%
Return since fund started net 7.55%
Total annual fund fees 0.95%
Total performance based fees 0.0%
Manager's basic fee 0.89%
Administration charges 0.06%
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 4.40% 4.4%
2018 3.80% 4.53%
2017 4.16% 5.46%
2016 3.52% 3.08%
2015 8.10% 15.07%
2014 3.88% 8.53%

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-
    3.57%
  • Nab Float 17/05/2029
    Australia Int Fixed Interest BBB
    1.75%
  • Vector Ltd 3.45% 27/05/2025
    New Zealand NZ Fixed Interest BBB
    1.68%
  • NZ Government Inflation Indexed 2.00% 20/09/2025
    New Zealand NZ Fixed Interest AA+
    1.56%
  • ANZ Bank 3.03% 20/03/2024
    New Zealand NZ Fixed Interest AA-
    1.5%
  • Qbe Insurance Group 6.75% 02/12/2044
    Australia Int Fixed Interest BBB-
    1.34%
  • Bank Of New Zealand 3.648% 16/11/2023
    New Zealand NZ Fixed Interest AA-
    1.28%
  • ANZ Bank 2.78% 23/07/2019
    New Zealand NZ Fixed Interest AA-
    1.25%
  • Investore Property Ltd 4.40% 18/04/2024
    New Zealand NZ Fixed Interest UNRATED
    1.15%
  • Insurance Australia Group Ltd Float 15/06/2045
    Australia Int Fixed Interest BBB
    1.08%

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 6.0% 6.72%
New Zealand Fixed Interest 35.0% 27.55%
International Fixed Interest 41.0% 51.7%
Australasian Equities 6.0% 4.49%
International Equities 8.0% 3.49%
Listed Properties 4.0% 5.18%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.87%
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 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:
    0.16%
  • Animal Testing:
    0.36%
  • Fossil Fuels:
    0.78%
  • Gambling:
    0.68%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.02%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

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.