Annual fund charge
0.65%
vs peer avg 0.89%
Risk indicator
3/7
1 = lower risk · 7 = higher risk
5-year return p.a.
3.75%
peer avg 2.28%
Fund size
NZ$3.50b
23% growth · 77% income
The Fund’s objective is to provide income and capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of four years. It is a diversified fund that primarily invests in fixed interest and equity income-generating 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 |
|---|---|
| New Zealand Government 4.5% 15/05/2035 | 2.42% |
| New Zealand Government 3.5% 14/04/2033 | 2.06% |
| New Zealand Government 2.5% 20/09/2035 | 2.04% |
| NZD Cash Call Account (BNZ Bank) | 1.92% |
| Australian Government 2% 21/08/2035 | 1.60% |
| New Zealand Local Government Funding Agency Ltd 3.5% 14/04/2033 | 1.48% |
| AUD Cash Current Account (HSBC) | 1.45% |
| Contact Energy Ltd | 1.29% |
| ASB Bank Ltd 4.1% 02/09/2030 | 1.08% |
| New Zealand Government 4.25% 15/05/2036 | 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 DIVERSIFIED INCOME FUND (FND515) Full portfolio holdings 31 March 2026.xlsx Download the full portfolio holdings. XLSX, 0.31 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 Diversified Income Fund Mar 26.pdf The quarterly update published by the provider PDF, 122.85 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
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Side-by-side numbers — fees, returns, risk, fund size, asset mix.
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