Milford KiwiSaver Aggressive Fund
Milford Kiwisaver Aggressive Fund is an aggressive KiwiSaver fund managed by Milford. It has 57,626 members and holds $2.9 billion. It opened in 2019.
Fees and returns
- Annual fee
- 1.15% of your balance each year
- Return over 1 year
- +6.1% a year
- Return over 3 years
- +9.4% a year
- Return over 5 years
- +6.4% 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 +6.4% a year. The median for mainstream aggressive funds over the same period was +6.1% a year, across 13 funds. This fund is ahead of that median, by 0.3 percentage points.
What it invests in
International equities 69%, australasian equities 20%, cash and cash equivalents 7%.
Largest holdings
- Cash at Bank USD 7.05%
- NVIDIA Corp 3.18%
- Microsoft Corporation 2.94%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +6.1% |
| 2024/25 | +2.6% |
| 2023/24 | +20.1% |
| 2022/23 | −2.2% |
| 2021/22 | +6.4% |
| 2020/21 | +39.1% |
About this fund
The Milford KiwiSaver Aggressive Fund is an actively managed aggressive fund that invests primarily in international equities with a moderate allocation to Australasian equities, aiming to maximise capital growth. As an active fund the manager selects investments rather than tracking an index. Its fee has two parts: a base fund charge of 1.15% plus a performance fee. Designed for a minimum timeframe of ten years, it has operated since 2019.