Where a company has multiple ethical concerns, the total concerns percentage counts this investment once.
The average total concerns of all funds of the same risk profile is weighted by the funds' investment values.
The average total concerns of all managed defensive funds is 1.99%.
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. We use our detailed research to enable educated conversations with the companies we invest in and push them to deliver better outcomes via sustainability targets, action and reporting. Please see our website for a deeper explanation of our approach and examples in our latest engagement activities and outcomes report: https://milfordasset.com/Engagement-Activity-and-Outcomes
The Fund's objective is to protect capital and generate a positive NZD-hedged return after the base fund fee but before tax, that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years. It primarily invests in global corporate fixed interest securities.
| Value | $369M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Feb. 2017 |
| Total annual fund fees | 0.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.84% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Ian Robertson |
Currently: Senior Analyst (7 years, 8 months)
|
|
Paul Morris |
Currently: Portfolio Manager (8 years, 11 months)
|
|
Anthony Ip |
Currently: Portfolio Manager (1 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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% | 5.27% |
| 2023 | -0.79% | -2.18% |
| 2022 | -2.46% | -3.1% |
| 2021 | 2.15% | 6.76% |
| 2020 | 1.75% | 1.06% |
| 2019 | 2.76% | 2.42% |
| 2018 | 1.94% | 3.44% |
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 31st Dec. 2024.
NZD Cash Current Account (Hsbc)
New Zealand Cash and Equivalents AA-
Westpac 5.618% 20/11/2035
Australia Int Fixed Interest A-
NZD Cash Call Account (Bank Of New Zealand)
New Zealand Cash and Equivalents AA-
Nasdaq Inc 4.5% 15/02/2032
United States Int Fixed Interest BBB
Goodman US 5.125% 07/10/2034
Australia Int Fixed Interest BBB+
T-Mobile Usa Inc 2.55% 15/02/2031
United States Int Fixed Interest BBB
Smurfit Kappa Treasury 5.2% 15/01/2030
Ireland Int Fixed Interest BBB
Citigroup 5.592% 11/19/2034
United States Int Fixed Interest BBB
Asciano Finance Ltd 4.75% 22/03/2028
Australia Int Fixed Interest BBB-
American Tower 3.8% 15/08/2029
United States Int Fixed Interest BBB
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 11.92% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 95.0% | 88.08% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
This data is compiled by Mindful Money from the fund information and portfolios
that each
fund has
filed with the Disclose register to 30th Sept. 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.
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. We use our detailed research to enable educated conversations with the companies we invest in and push them to deliver better outcomes via sustainability targets, action and reporting. Please see our website for a deeper explanation of our approach and examples in our latest engagement activities and outcomes report: https://milfordasset.com/Engagement-Activity-and-Outcomes
The Fund's objective is to protect capital and generate a positive NZD-hedged return after the base fund fee but before tax, that exceeds the relevant benchmark over the minimum recommended investment timeframe of three years. It primarily invests in global corporate fixed interest securities.
| Value | $369M NZD |
| Period of data report | 31st Dec. 2024 |
| Fund started | 1st Feb. 2017 |
| Total annual fund fees | 0.85% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.84% |
| Other management and administration charges | 0.01% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
|
Ian Robertson |
Currently: Senior Analyst (7 years, 8 months)
|
|
Paul Morris |
Currently: Portfolio Manager (8 years, 11 months)
|
|
Anthony Ip |
Currently: Portfolio Manager (1 years, 8 months)
|
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
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% | 5.27% |
| 2023 | -0.79% | -2.18% |
| 2022 | -2.46% | -3.1% |
| 2021 | 2.15% | 6.76% |
| 2020 | 1.75% | 1.06% |
| 2019 | 2.76% | 2.42% |
| 2018 | 1.94% | 3.44% |
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 31st Dec. 2024.
NZD Cash Current Account (Hsbc)
New Zealand Cash and Equivalents AA-
Westpac 5.618% 20/11/2035
Australia Int Fixed Interest A-
NZD Cash Call Account (Bank Of New Zealand)
New Zealand Cash and Equivalents AA-
Nasdaq Inc 4.5% 15/02/2032
United States Int Fixed Interest BBB
Goodman US 5.125% 07/10/2034
Australia Int Fixed Interest BBB+
T-Mobile Usa Inc 2.55% 15/02/2031
United States Int Fixed Interest BBB
Smurfit Kappa Treasury 5.2% 15/01/2030
Ireland Int Fixed Interest BBB
Citigroup 5.592% 11/19/2034
United States Int Fixed Interest BBB
Asciano Finance Ltd 4.75% 22/03/2028
Australia Int Fixed Interest BBB-
American Tower 3.8% 15/08/2029
United States Int Fixed Interest BBB
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 5.0% | 11.92% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 95.0% | 88.08% |
| 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% |
How the money in this fund is invested by asset type.
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2024.
