Milford KiwiSaver Balanced Fund
Milford Kiwisaver Balanced Fund is a balanced KiwiSaver fund managed by Milford. It has 33,149 members and holds $2.3 billion. It opened in 2010.
Fees and returns
- Annual fee
- 1.05% of your balance each year
- Return over 1 year
- +4.6% a year
- Return over 3 years
- +6.6% a year
- Return over 5 years
- +4.9% 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 +4.9% a year. The median for mainstream balanced funds over the same period was +3.7% a year, across 40 funds. This fund is ahead of that median, by 1.2 percentage points.
What it invests in
International equities 36%, international fixed interest 22%, australasian equities 16%, new zealand fixed interest 15%.
Largest holdings
- Cash at Bank NZD 3.99%
- Cash at Bank USD 2.27%
- Nzgv 4.5% 15/05/2035 1.96%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +4.6% |
| 2024/25 | +4.8% |
| 2023/24 | +10.4% |
| 2022/23 | −0.5% |
| 2021/22 | +5.4% |
| 2020/21 | +23.9% |
| 2019/20 | −0.9% |
| 2018/19 | +6.2% |
| 2017/18 | +7.5% |
| 2016/17 | +8.3% |
About this fund
The Milford KiwiSaver Balanced Fund is an actively managed balanced fund that invests primarily in equities with a significant allocation to fixed interest, aiming for 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 1.05% plus a performance fee. Designed for a minimum timeframe of five years, it has operated since 2010.