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.
4.74%
peer avg 4.14%
Fund size
NZ$2.52b
52% growth · 48% income
The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of five years. It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.
Key facts
Fund start date
1 April 2010
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 |
|---|---|
| NZD Cash Current Account (HSBC) | 2.57% |
| USD Cash Current Account (HSBC) | 2.29% |
| New Zealand Government 4.5% 15/05/2035 | 2.09% |
| AUD Cash Current Account (HSBC) | 1.53% |
| SSE Plc | 1.30% |
| Contact Energy Ltd | 1.22% |
| National Grid Plc | 1.21% |
| Microsoft Corporation | 1.18% |
| NZD Cash Call Account (BNZ Bank) | 1.09% |
| NatWest Group Plc | 1.06% |
Documents
Every dated PDS, quarterly fund update and full-portfolio holdings file. Linked from the FMA Disclose register via Sorted Smart Investor.
- MILFORD BALANCED FUND (FND513) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 2.49 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 Balanced Fund Mar 26.pdf The quarterly update published by the provider PDF, 134.59 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
Multi-asset funds that hold a mix of shares, bonds, cash and sometimes property in a single portfolio. The mix determines the risk profile — aggressive funds hold more shares, conservative funds hold more bonds and cash.
About Milford
New Zealand active manager with diversified, equity and fixed-income strategies.
See all funds from Milford →Head-to-head
Compare Milford Balanced Fund with…
Side-by-side numbers — fees, returns, risk, fund size, asset mix.
Peer funds
