Milford KiwiSaver Cash Fund

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Type: Defensive fund
Past Returns: *0.26%

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

Annual Fees: 0.2%

Annual fees, including management and administration fees, but not membership fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2021 1.53% 0.26%

The market average is the average 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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Westpac 32 Day Constant Maturity Deposit 2020
    New Zealand NZ Fixed Interest AA-
    17.39%
  • NZD Cash Current Account (Nab Bank)
    New Zealand Cash and Equivalents AA-
    14.46%
  • Meridian Energy Certificate Of Deposit 15/04/2021
    New Zealand NZ Fixed Interest BBB+
    7.91%
  • NZD Cash Call Account (Bank Of China)
    New Zealand Cash and Equivalents A
    7.25%
  • Sbs Certificate Of Deposit 12/04/2021
    New Zealand NZ Fixed Interest BBB
    7.24%
  • Auckland Airport Certificate Of Deposit 19/04/2021
    New Zealand NZ Fixed Interest A-
    4.82%
  • Port Of Tauranga Ltd Certificate Of Deposit 30/04/2021
    New Zealand NZ Fixed Interest A-
    4.82%
  • Tsb Bank Certificate Of Deposit 20/05/2021
    New Zealand NZ Fixed Interest A-
    4.82%
  • Tsb Bank Certificate Of Deposit 31/05/2021
    New Zealand NZ Fixed Interest A-
    4.82%
  • Genesis Energy Certificate Of Deposit 21/05/2021
    New Zealand NZ Fixed Interest BBB+
    4.34%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 23.6%
New Zealand Fixed Interest 80.0% 76.4%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed Sept. 30th 2020 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, Sustainalytics 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.

In their own words

"The Fund's objective is to target a return above the New Zealand Official Cash Rate after the base fund fee but before tax. It primarily invests in New Zealand cash short-dated debt securities and term deposits."

Value $19M NZD
Period of data report Wed March 31st 2021
Members 362
Fund started Fri March 27th 2020
Total annual fund fees 0.2%
Total performance based fees 0.0%
Manager's basic fee 0.09%
Administration charges 0.11%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Paul Morris

Currently: Portfolio Manager (5 years, 2 months)
Previously: Head of Portfolio Strategy and Fixed Income at Macquarie Private Wealth New Zealand (4 years, 6 months)

Katlyn Parker

Currently: Investment Analyst (2 years, 11 months)
Previously: Private Wealth Adviser at Milford Asset Management New Zealand (0 years, 8 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.