Milford KiwiSaver Active Growth Fund
Milford Kiwisaver Active Growth Fund is a growth KiwiSaver fund managed by Milford. It has 103,069 members and holds $8.4 billion. It opened in 2010.
Fees and returns
- Annual fee
- 1.05% of your balance each year
- Return over 1 year
- +7.6% a year
- Return over 3 years
- +9.4% a year
- Return over 5 years
- +6.8% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +6.8% a year. The median for mainstream growth funds over the same period was +5.0% a year, across 28 funds. This fund is ahead of that median, by 1.8 percentage points.
What it invests in
International equities 48%, australasian equities 16%, international fixed interest 13%, new zealand fixed interest 8%.
Largest holdings
- Nzgv 4.5% 15/05/2035 3.12%
- SSE plc 2.69%
- National Grid Plc 2.37%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.6% |
| 2024/25 | +4.7% |
| 2023/24 | +16.2% |
| 2022/23 | −1.1% |
| 2021/22 | +7.3% |
| 2020/21 | +33.5% |
| 2019/20 | −2.8% |
| 2018/19 | +6.7% |
| 2017/18 | +12.4% |
| 2016/17 | +8.5% |
About this fund
The Milford KiwiSaver Active Growth Fund is an actively managed growth fund that invests primarily in equities with a moderate allocation to fixed interest, run to an absolute-return objective. As an active, high-conviction fund the manager selects investments rather than tracking an index. Its fee has two parts: a base fund charge of 1.05% plus a performance fee. Designed for a minimum timeframe of seven years, it has operated since 2010.