Milford Kiwisaver Plan
Milford Kiwisaver Balanced Fund
The Smiths take
Milford Kiwisaver Balanced Fund Smiths Rating B+
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
The fund matches or beats the group average on the standard Sorted measures. Read the full breakdown below.
General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.
At a glance
This fund is for investors seeking
Three quick reads for whether the Milford Kiwisaver Balanced Fund fits your situation.
A 7+ years timeframe
This is a growth KiwiSaver fund. The provider's recommended minimum holding period sits in the 7+ years range.
A moderate-risk investment
Sorted's risk indicator places this at 4 on a 1–7 scale. Moderate volatility. meaningful ups and downs but not extreme.
Growth-leaning mix
65% growth assets (shares, property) and 35% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
64.88% / 35.12%
Growth / Income · avg 77.80% / 22.20%
Fees
1.05%
$315 on $30k · avg 1.62%
5-yr return
6.03%
Annualised, after fees & 28% PIR · avg 6.03%
What the provider says
In their own words
“The Fund’s objective is to provide capital growth after the base fund fee but before tax and before the performance fee, over the minimum recommended investment timeframe of five years. It is a diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities.”
- Fund start date
- 1 April 2010
- Withdrawal rules
- This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.
Asset mix
What this fund actually holds
Growth assets are 64.88% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.
- Sharesthis fundavg
56.91%
avg 71.16%
- Propertythis fundavg
6.34%
avg 4.53%
- Otherthis fundavg
1.63%
avg 2.11%
- Bondsthis fundavg
34.05%
avg 17.08%
- Cashthis fundavg
1.07%
avg 5.12%
What it owns
Top 10 holdings. 15.69% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Nzd Cash Current Account (Hsbc)
Cash
Cash and Cash EquivalentsNZ3.68%New Zealand Government 4.5% 15/05/2035
Bonds
New Zealand Fixed InterestNZ1.91%Microsoft Corporation
Shares
International EquitiesUS1.50%Natwest Group Plc
Shares
International EquitiesGB1.32%National Grid Plc
Shares
International EquitiesGB1.27%Sse Plc
Shares
International EquitiesGB1.26%Nzd Cash Call Account (Bnz Bank)
Cash
Cash and Cash EquivalentsNZ1.21%Amazon.Com, Inc.
Shares
International EquitiesUS1.20%Alphabet Inc.
Shares
International EquitiesUS1.18%Aud Cash Current Account (Hsbc)
Cash
Cash and Cash EquivalentsAU1.16%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
1.05%
avg 0.90%
$315
avg $271
+0.15%Other
Other potential costs not in the categories below.
56.91%
avg 71.16%
-
avg -
−14.25%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg 0.00%
$0
avg $0
0.00%Membership
A flat annual fee, regardless of balance or performance.
0.00%
avg 0.05%
$0
avg $15
−0.05%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
1.05%
avg 1.62%
$315
avg $486
Yearly returns
6.03% per year over 5 years
Each bar is the 12-month return ending in March, after fees and 28% PIR. Past performance is not a reliable indicator of future performance.
Returns: living in the past
Seeking returns is the point of investing, but the ones shown above are already gone. they won't continue. Pick a fund based on the right mix for your situation and reasonable fees, not on past returns.
Risk indicator
Sorted risk rating: 4 of 7
The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.
Fund details
The unsexy stats that matter
- Total fund value
- $2,314,359,837
- Members
- 31,865
- Asset liquidity ratio
- 99.24%
- Debt ratio
- 0.12%
- Default KiwiSaver fund
- No
- Fund reference
- FND748
Manager
Milford Kiwisaver Plan
Licensed with the Financial Markets Authority.
- NZBN
- 9429033222271
- FSP number
- FSP36001
Smiths Health Check
Is the Milford Kiwisaver Balanced Fund actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just milford.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →