Milford KiwiSaver Active Growth Fund

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Fund type: Growth fund

Past Returns: 12.47%

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

Annual Fees: 2.0%

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.


Fossil Fuel

Apa Group 0.02%
BHP Group Ltd 0.21%
BHP Group PLC 0.40%
Dominion Energy Inc 0.02%
Santos Ltd 1.72%
Senex Energy Ltd 0.03%

Weapons

Amphenol Corp-Cl A 0.20%
Transdigm Group Inc 0.27%

Gambling

Aristocrat Leisure Ltd 0.21%
Crown Resorts Ltd Frn 04/23/2075 0.32%

Alcohol

Delegat Group Ltd 0.83%
Foley Wines Ltd 0.12%
LVMH Moet Hennessy Louis Vui 0.32%
United Malt Group Ltd 0.12%

Human Rights & Environmental Violations

BHP Group Ltd 0.21%
BHP Group PLC 0.40%
Rio Tinto PLC-Spon Adr 0.16%

Animal Testing

Estee Lauder Cos Inc/The 0.26%
L'Oreal SA 0.08%
L'Oreal SA - Pf 0.12%
LVMH Moet Hennessy Louis Vui 0.32%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 28.03% 33.49%
2020 -3.79% -2.76%
2019 7.09% 6.67%
2018 8.01% 12.36%
2017 9.24% 8.51%
2016 3.62% 7.56%
2015 13.73% 10.81%
2014 8.43% 19.16%
2013 12.00% 25.66%
2012 -1.50% 6.86%

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 Fri Dec. 31st 2021.

Showing the top 10 investments for this fund:

  • NZD Cash Current Account (Nab Bank)
    New Zealand Cash and Equivalents AA-
    4.2%
  • Contact Energy Ltd
    New Zealand Australasian Equities BBB
    3.44%
  • AUD Cash Current Account (Nab Bank)
    Australia Cash and Equivalents AA-
    2.95%
  • Virgin Money UK PLC
    United Kingdom Australasian Equities
    2.83%
  • Alphabet Inc - Class C
    United States International Equities
    2.45%
  • Fisher & Paykel Healthcare Ltd
    New Zealand Australasian Equities
    2.23%
  • Santos Ltd
    Australia Australasian Equities
    2.05%
  • Dr Horton Inc
    United States International Equities
    1.96%
  • Crh PLC
    Ireland International Equities
    1.95%
  • Hca Holdings Inc
    United States International Equities
    1.9%

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

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 6.0% 7.5%
New Zealand Fixed Interest 2.0% 0.89%
International Fixed Interest 14.0% 11.3%
Australasian Equities 38.0% 34.55%
International Equities 40.0% 40.48%
Listed Properties 0.0% 5.28%
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 Fri Dec. 31st 2021.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:
    1.39%
  • Animal Testing:
    0.78%
  • Fossil Fuels:
    2.46%
  • Gambling:
    0.53%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.77%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.47%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu Sept. 30th 2021 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 exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"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."

Value $3.0B NZD
Period of data report Fri Dec. 31st 2021
Members 42,605
Fund started Thu April 1st 2010
Total annual fund fees 2.0%
Total performance based fees 0.95%
Manager's basic fee 1.04%
Other management and administration charges 0.01%
Total other charges 30.0
Total other charges currency NZD

Key Personnel

Jonathan Windust

Currently: Portfolio Manager (13 years, 9 months)
Previously: Investment Director at Gartmore Investment Management United Kingdom (7 years, 0 months)

William Curtayne

Currently: Portfolio Manager (8 years, 3 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 Fri Dec. 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.