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The Fund primarily invests in equities, with a significant allocation to fixed interest securities.
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
| Risk category | Description of volatility |
| 1 | Very low |
| 2 | Low |
| 3 | Medium |
| 4 | Medium to High |
| 5 | High |
| 6 | Very high |
| 7 | Extremely high |
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
Founded in 2003, Milford is a New Zealand fund manager providing world-class investment services. Privately owned by staff, board members, and the founder’s family, Milford is one of the country's largest wealth managers. Led by CEO Mark Ryland since 2019, the investment team operates from Auckland and Sydney under Chief Investment Officer Wayne Gentle. Milford’s investment philosophy is highly active, focusing on tactical asset allocation and thorough research.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 1.96% | 3.52% | |||
| Appropriate Market Index (AMI)2 | 2.76% | 4.31% |
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
| Security Name | Percentage |
|---|---|
| Milford Balanced Fund | 99.39% |
| Cash and cash equivalents | 0.61% |
