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Milford Asset Management KiwiSaver
Milford Asset Management is a KiwiSaver provider that runs 6 KiwiSaver funds, has 213,717 members, manages $14.6 billion, or 10.7% of the KiwiSaver market.
About Milford Asset Management
Milford Asset Management was founded in 2003 and launched its KiwiSaver plan in 2010. It is an independently New Zealand-owned active manager, with significant staff and board ownership, and a high-conviction investment style built around selective stock-picking. Its KiwiSaver range spans six funds from Cash to Aggressive, anchored by the long-running Active Growth Fund. Fees sit toward the higher end of the market, in line with its active-management approach.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2010
- Investment approach
- Active management
- KiwiSaver funds under management
- $14.6 billion (10.7% of the KiwiSaver market)
- Members
- 213,717
- Average member balance
- $68,422
- KiwiSaver funds offered
- 6
- Annual fee range
- 0.20% – 1.15%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 1 fund
- Balanced: 2 funds
- Growth: 1 fund
- Aggressive: 1 fund
How has Milford KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Active Growth Fund, at +6.8% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Milford Kiwisaver Cash Fund | +2.2% |
| Conservative | Milford Kiwisaver Conservative Fund | +1.9% |
| Balanced | Milford Kiwisaver Balanced Fund | +4.6% |
| Growth | Milford Kiwisaver Active Growth Fund | +7.6% |
| Aggressive | Milford Kiwisaver Aggressive Fund | +6.1% |
KiwiSaver funds offered by Milford Asset Management
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Milford Kiwisaver Cash Fund | Defensive | 0.20% | +2.2% | +2.6% |
| Milford Kiwisaver Conservative Fund | Conservative | 0.85% | +1.9% | +2.6% |
| Milford Kiwisaver Balanced Fund | Balanced | 1.05% | +4.6% | +4.9% |
| Milford Kiwisaver Moderate Fund | Balanced | 0.95% | +3.2% | +3.6% |
| Milford Kiwisaver Active Growth Fund | Growth | 1.05% | +7.6% | +6.8% |
| Milford Kiwisaver Aggressive Fund | Aggressive | 1.15% | +6.1% | +6.4% |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.