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Milford KiwiSaver Performance - May 2022

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Using the most recent returns and fund update reports from May 2022, we will examine Milford’s recent KiwiSaver Performance.

The Milford KiwiSaver Scheme started in 2003 and uses an active investment management strategy for its assets, making it one of the largest in New Zealand. Milford contends that with this technique, the provider may take advantage of investment possibilities while managing risk as it arises. Which, given their track record of acolytes, usually works out in the end.

During the first week of May, a global sell-off commenced, led by U.S. technology firms, which recorded their largest one-day fall since June 2020. Investors across the world are frightened by high inflation and rising interest rates after the US Federal Reserve's decision to increase interest rates by 0.50% compared to its prior projection, putting pressure on other central banks around the world to perform aggressive hikes to combat inflation.

Table of Contents

Performance of Milford KiwiSaver Funds
Milford Cash Fund
Milford Conservative Fund
Milford Moderate Fund
Milford Balanced Fund
Milford Active Growth Fund
Milford Aggressive Fund

 

 

Performance of Milford KiwiSaver Funds

 

 

3 months

1 year

3 years

Since Inception

Cash 

0.11%

0.70%

N/A

0.53%

Conservative

-0.93%

-3.47%

2.78%

7.17%

Moderate

-0.56%

-0.55%

N/A

7.99%

Balanced

-0.68%

2.50%

8.81%

9.81%

Active Growth 

-1.84%

2.28%

10.88%

12.30%

Aggressive

-3.31%

-0.70%

N/A

11.87%

*Sourced from Milford fund performance report 
* These returns are to 30 April. 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from Milford Quarterly Fund updates published on 28 April 2022

Milford Cash Fund

The Milford Cash Fund aims to provide exposure to a portfolio of New Zealand cash, short-dated debt securities, and term deposits. Therefore, the objective is to beat the New Zealand Official Cash Rate. The Cash Fund has a 1-month return of 0.11% and a 1-year return of 0.70% higher than the since inception return of 0.53%.

*The following is Sourced from Milford Cash Fund Update

Returns

cash-1

Fees

The total annual fees for investors in the Milford Cash Fund are 0.20% per year. In addition, there are also no admin and registry charges.

cash-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

cash-3

Top ten investments

This table shows Milford’s top 10 investments in the Cash Fund, which make up 61.27% of the fund.

cash-4

 

 

Milford Conservative Fund 

The Milford Conservative Fund aims to provide exposure to a portfolio of fixed interest securities, with a moderate allocation to equities. Therefore, the objective is to provide moderate returns and protect capital. The Conservative Fund has a 1-month return of -0.93% and a 1-year return of -3.47% lower than the since inception return of 7.17%.

*The following is Sourced from Milford Conservative Fund Update

Returns

conservative-1

Fees

The total annual fees for investors in the Milford Conservative Fund are 0.95% per year. In addition, there are also no admin and registry charges.

conservative-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

conservative 3-4

Top ten investments

This table shows Milford’s top 10 investments in the Conservative Fund, which make up 22.82% of the fund.

conservative-4

 

 

Milford Moderate Fund 

The Milford Moderate Fund aims to provide exposure to a portfolio of fixed interest securities with a significant allocation to equities. Therefore, the objective is to provide moderate returns and protect capital. The Moderate Fund has a 1-month return of -0.56% and a 1-year return of -0.55% lower than the since inception return of 7.99%.

*The following is Sourced from Milford Moderate Fund Update

Returns

moderate-1

Fees

The total annual fees for investors in the Milford Moderate Fund are 1% per year. In addition,there are also no admin and registry charges.

moderate-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

moderate-3

Top ten investments

This table shows Milford’s top 10 investments in the Moderate Fund, which make up 18.32% of the fund.

moderate-4

 

 

Milford Balanced Fund

The Milford Balanced Fund aims to provide exposure to a portfolio of equities, with a significant allocation to fixed interest securities. Therefore, the objective is to provide capital growth. The Balanced Fund has a 1-month return of -0.68% and a 1-year return of 2.50% lower than the since inception return of 9.81%.

*The following is Sourced from Milford Balanced Fund Update

Returns

balanced-1

Fees

The total annual fees for investors in the Milford Balanced Fund are 1.09% per year. In addition, there are also no admin and registry charges.

balanced-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

balanced-3

Top ten investments

This table shows Milford’s top 10 investments in the Balanced Fund, which make up 18.42% of the fund.

balanced-4

 

 

Milford Active Growth Fund

The Milford Active Growth Fund aims to provide exposure to a portfolio of equities, with a moderate allocation to fixed interest securities. Therefore, the objective is to provide annual returns of 10%. The Active Growth Fund has a 1-month return of -1.84% and a 1-year return of 2.28% lower than the since inception return of 12.30%.

*The following is Sourced from Milford Active Growth Fund Update

Returns

active-growth-1

Fees

The total annual fees for investors in the Milford Active Growth Fund are 1.05% per year. In addition, there are also no admin and registry charges.

active-growth-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

active-growth-3

Top ten investments

This table shows Milford’s top 10 investments in the Active Growth Fund, which make up 23.29% of the fund.

active-growth-4

 

 

Milford Aggressive Fund

The Milford Aggressive Fund aims to provide exposure to a portfolio of international equities, with a moderate allocation to Australasian equities. Therefore, the objective is to maximise capital growth. The Aggressive Fund has a 1-month return of -3.31% and a 1-year return of -0.70% lower than the since inception return of 11.87%.

*The following is Sourced from Milford Active Aggressive Fund Update

Returns

aggressive-1

Fees

The total annual fees for investors in the Milford Aggressive Fund are 1.21% per year. In addition, there are also no admin and registry charges.

aggressive-2

Investment mix

The investment mix shows the type of assets that the fund invests into.

aggressive-3

Top ten investments

This table shows Milford’s top 10 investments in the Aggressive Fund, which make up 29.13% of the fund.

aggressive-4

 

Data for Milford KiwiSaver funds have been sourced from Milford KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.

To see if Milford has the appropriate fund that aligns with your values, retirement goals, and situation, complete National Capital’s KiwiSaver Healthcheck.



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