Funds
Milford Cash Fund
Issues of concern
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 fund has no investments in issues of concern
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Fund Provider Response
At Milford, we are acutely aware of our capacity as shareholders to drive positive change. Rather than just avoid harm, we believe it is our duty to use our seat at the table to help drive the transition to a more sustainable future. Please see our website for a deeper explanation of our approach and examples of our engagement activities and outcomes: https://milfordasset.com/about-us/sustainable-investing
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 31st March 2024 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.
The listing of companies of concern is based on definitions used in Mindful Money's
methodology. These definitions may
be different from the exclusions policy and definitions applied by the fund provider.
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.
About this fund
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 | $722M NZD |
| Period of data report | 30th June 2024 |
| Fund started | 1st March 2019 |
| Total annual fund fees | 0.2% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.19% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Katlyn Parker |
Currently: Investment Analyst (6 years, 2 months) |
|
Ian Robertson |
Currently: Senior Analyst (7 years, 2 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.
Past Returns
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 |
|---|---|---|
| 2024 | 3.59% | 4.07% |
| 2023 | -0.79% | 2.33% |
| 2022 | -2.46% | 0.46% |
| 2021 | 2.15% | 0.27% |
| 2020 | 1.75% | 1.26% |
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 fund has filed with Disclose register to 30th June 2024.
Top 10 Investments
-
Westpac 45 Day Wholesale Notice Deposit
New Zealand NZ Fixed Interest AA-17.03% -
NZD Cash Current Account (Hsbc)
New Zealand Cash and Equivalents AA-11.62% -
NZD Cash Call Account (Bank Of New Zealand)
New Zealand Cash and Equivalents AA-10.35% -
Kiwibank 5.94% 08/07/2024
New Zealand NZ Fixed Interest A+4.21% -
Kiwibank 5.96% 24/07/2024
New Zealand NZ Fixed Interest A+4.2% -
Auckland Airport Commercial Paper 19/07/2024
New Zealand NZ Fixed Interest A-4.14% -
Spark New Zealand Commercial Paper 19/09/2024
New Zealand NZ Fixed Interest A-4.1% -
NZD Cash Call Account (Bank Of China)
New Zealand Cash and Equivalents A3.03% -
Mercury NZ Commercial Paper 27/08/2024
New Zealand NZ Fixed Interest BBB+2.74% -
Port Of Tauranga Ltd Commercial Paper 17/09/2024
New Zealand NZ Fixed Interest A-2.73%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 20.0% | 25.26% |
| New Zealand Fixed Interest | 80.0% | 74.74% |
| 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% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th June 2024.