Milford Global Equity Fund

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Not Mindful
Type: Growth fund
Past Returns: 4.86%

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

Annual Fees: 2.39%

Annual fees, including any membership and % management 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.


Weapons

Safran SA 1.50%
Transdigm Group Inc 0.31%

Alcohol

LVMH Moet Hennessy Louis Vui 0.89%

Animal Testing

Ecolab Inc 0.500%
Estee Lauder Cos Inc/The 0.810%
L'Oreal SA 0.740%
L'Oreal SA - Pf 0.960%
LVMH Moet Hennessy Louis Vui 0.890%
Reckitt Benckiser Group PLC 2.270%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 and research organisations.

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
2020 -4.35% 1.09%
2019 6.14% 4.32%
2018 7.69% 9.18%
2017 8.26% 8.97%
2016 5.40% -3.13%
2015 12.09% 15.01%

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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • Amazon.Com Inc
    United States International Equities
    4.42%
  • Microsoft Corporation
    United States International Equities
    4.38%
  • Apple Inc.
    United States International Equities
    3.98%
  • Alphabet Inc - Class C
    United States International Equities
    3.94%
  • Paypal Holdings Inc
    United States International Equities
    3.16%
  • S&P Global Inc.
    United States International Equities
    2.71%
  • Asml Holding Nv
    Netherlands International Equities
    2.55%
  • Transunion
    United States International Equities
    2.51%
  • Visa Inc. - Class A
    United States International Equities
    2.46%
  • NZD Cash Current Account (Nab Bank)
    New Zealand Cash and Equivalents AA-
    2.45%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Tue June 30th 2020.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 1.37%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 0.0%
International Equities 95.0% 93.31%
Listed Properties 0.0% 3.7%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.62%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

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:
    0.89%
  • Animal Testing:
    6.17%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    1.81%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Tue March 31st 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 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 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 provide capital growth by out-performing the relevant share market index after the base fund fee but before tax and before the performance fee over the minimum recommended investment timeframe of five years. It primarily invests in international equities."

Value $740M NZD
Period of data report Tue June 30th 2020
Members 1,187
Fund started Fri April 12th 2013
Total annual fund fees 2.39%
Total performance based fees 1.01%
Manager's basic fee 1.37%
Administration charges 0.01%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Felix Fok

Currently: Portfolio Manager (7 years, 8 months)
Previously: Research Partner at Ji Asia Hong Kong (3 years, 3 months)

Stephen Johnston

Currently: Portfolio Manager (6 years, 9 months)
Previously: Senior Portfolio Manager at Adelante Asset Management United Kingdom (4 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Tue June 30th 2020.

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.