MILFORD KIWISAVER PLAN
MILFORD KIWISAVER CASH FUND
Defensive fund type
Here's what the provider says about this fund:
The Fund's objective is to target a return above the New Zealand Official Cash Rate after the base fund fee but before tax.It primarily invests in New Zealand cash, short-dated debt securities and term deposits.
The combined fees are how much you would have been charged for the year ended 31 March 2021 on the average KiwiSaver balance.
All the averages you see are for this same type of fund, so you’re comparing apples with apples.
Combined fees include
Membership fees per year
Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.
+ Total fund fees
Annual management fee
Other fees and costs
Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.
Combined fees example
On a defensive fund of $24,200 the annual fees would be approximately:
From the September 2021 KiwiSaver provider survey
We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.
So this rating is more about the quantity than the quality of services.
Help with investment options
Communications to members
Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver.
More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.
These extras include a range of additional services that are helpful.
Since October 2016
Warning about returns!
These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.
Compare past returns
Last twelve months
The last twelve months refers to October 2020 to September 2021.
In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.
More fund details
What’s in this fund
At 30 September 2021
This shows the actual mix of investments that this fund held on 30 September 2021. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.
How this fund invests your money
- Number of members
- Total value of fund
- Date fund started
- 27 Mar 2020
Top 10 investments
These assets make up 74.75% of this fund.
|Kind of investment||Country||Percentage of the fund||Name|
|New Zealand fixed interest||NZ||17.77||Westpac 32 Day Constant Maturity Deposit 2020|
|New Zealand fixed interest||NZ||10.66||Asb Bank 0.62% 22/10/2021|
|Cash and cash equivalents||NZ||8.61||Nzd Cash Current Account (Nab Bank)|
|New Zealand fixed interest||NZ||7.55||Anz Bank 0.71% 23/11/2021|
|New Zealand fixed interest||NZ||6.66||Sbs Certificate Of Deposit 13/10/2021|
|New Zealand fixed interest||NZ||5.77||Port Of Tauranga Ltd Certificate Of Deposit 02/11/2021|
|New Zealand fixed interest||NZ||4.44||Auckland Airport Certificate Of Deposit 19/10/2021|
|New Zealand fixed interest||NZ||4.43||Spark New Zealand Certificate Of Deposit 10/11/2021|
|New Zealand fixed interest||NZ||4.43||Spark New Zealand Certificate Of Deposit 01/12/2021|
|New Zealand fixed interest||NZ||4.43||Mercury Nz Certificate Of Deposit 02/12/2021|
|Name||Current position||Time in role|
|Travis Murdoch||Portfolio Manager||1 years, 1 months|
|Katlyn Parker||Investment Analyst||3 years, 5 months|