Annual fund charge
1.05%
vs peer avg 1.06%
Risk indicator
4/7
1 = lower risk · 7 = higher risk
5-year return p.a.
5.63%
peer avg 4.14%
Fund size
NZ$174.2m
52% growth · 48% income
The Fund targets an absolute return with an annualised return objective of 5% above the New Zealand Official Cash Rate while seeking to protect capital after the base fund fee but before tax and before the performance fee, over rolling three year periods. It is a diversified fund that primarily invests in Australasian equities, complemented by selective exposure to international equities and cash.
Key facts
Fund start date
1 March 2018
Min. investment
NZ$1,000
Tax structure
PIE
Capped at your PIR (max 28%)
Top 10 holdings
As at the latest published quarterly fund update.
| Holding | % of fund |
|---|---|
| USD Cash Current Account (HSBC) | 9.39% |
| AUD Cash Current Account (HSBC) | 8.68% |
| BHP Group Ltd | 5.18% |
| NZD Cash Current Account (HSBC) | 3.92% |
| Commonwealth Bank Of Australia | 3.86% |
| Westpac Banking Corporation | 2.77% |
| Woodside Energy Group Ltd | 2.51% |
| Santos Ltd | 2.47% |
| National Australia Bank Ltd | 2.20% |
| Sigma Healthcare Ltd | 2.15% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- MILFORD AUSTRALIAN ABSOLUTE GROWTH FUND (FND9239) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.35 KB
- Milford Investment Funds Product Disclosure Statement 18 June 2025.pdf How this investment works, including about the provider, risks, costs and potential returns PDF, 3.26 MB
- Milford Australian Absolute Growth Fund Mar 26.pdf The quarterly update published by the provider PDF, 134.00 KB
- Milford Investment Funds Other Material Information June 2025.pdf This document provides additional information about the organisations who are responsible for providing and overseeing the Milford Inv
- Milford Investment Funds Investor Guide June 2025.pdf This document provides additional information about investing, distributions, withdrawals and switching your investment and should be read with th
- Milford Investment Funds SIPO June 2025.pdf Statement of investment policy and objectives PDF, 397.00 KB
About this category
Funds investing primarily in shares listed on the NZX (New Zealand) or ASX (Australia), or both as Trans-Tasman portfolios. Includes active stock-pickers and passive index trackers.
About Milford
New Zealand active manager with diversified, equity and fixed-income strategies.
See all funds from Milford →Head-to-head
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