The Milford Aggressive Fund
| The Milford Aggressive Fund is managed by Milford Funds Limited and is an actively managed portfolio that consists of New Zealand listed companies as well as potentially some Australian listed and unlisted New Zealand companies, unit trusts and cash.
The Fund is a concentrated fund based on investment in New Zealand listed companies and is designed for long-term investors who have a tolerance for risk. The Fund focuses on companies that Milford believes are in attractive industries, have a strong competitive position and excellent management and Board. The Fund is trading oriented, may borrow up to 25% of the value of the Fund and can short-sell securities. The Fund has a target return of 10% (after fees and before tax) per annum over a minimum 3-5 year investment horizon period. |
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Key Features
| Investment policy | New Zealand and some Australian listed companies, unlisted New Zealand companies, unit trusts and cash. The Fund may borrow, short-sell securities and use derivative products |
| Recommended Investment Time Frame | At least five years |
| Target return / Benchmark | 10% pa (after fees and before tax) |
| Valuations | Daily |
| Management and Trustee fees and other expenses | 1.05% p.a. (including GST) of the gross asset value of the Fund (excluding any entry fees, abnormal costs, brokerage or any performance fee) |
| Performance Fee | 15% of the Fund’s performance (after deducting the management fee) above the benchmark is payable to Milford |
| Entry Fee | No entry fee is currently payable |
| Minimum initial investment | $10,000 or at Milford's discretion |
| Commenced | 1 October 2007 |
How to invest:
- Contact your financial adviser or
- Use our interactive self-assessment Risk Analysis Tool and
- Print or view the Milford Aggressive Fund Investment Statement and fill in the application form on pages 21 & 22 contained in this document. Then mail the form to Trustees Executors Ltd, Milford Aggressive Fund, PO Box 409, Wellington.
