Conservative Fund - Milford Asset

Conservative Fund

Since inception return

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p.a. as at -

Returns since - after fees and before tax

1 year return

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After fees and before tax

Risk Profile

Lower risk Higher risk

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Potentially
lower returns
Potentially
higher returns

Target Income / Growth Assets

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This Fund is for investors seeking:

• Moderate returns and capital protection over at least 3 years

• Quarterly income from their investment

• A lower risk investment

• Diversified exposure to primarily fixed interest securities and moderate allocation to equities.

Paul Morris, Portfolio Manager

Paul joined Milford in February 2016. He is the Portfolio Manager of the Milford Trans-Tasman Bond Fund, the Milford Global Bond Fund and the Milford Conservative Funds (Unit Trust & KiwiSaver) as well as the Co-Manager of the Milford Balanced Funds (Unit Trust & KiwiSaver). Paul has over 20 years’ experience in financial markets here and overseas. Paul held senior fixed income roles with investment banks including Merrill Lynch and ABN AMRO in London. His experience includes debt capital markets, credit trading and interest rate derivatives trading. Paul moved to New Zealand in 2009 and was Executive Director and Head of Debt Capital Markets at JBWere, before moving to Macquarie Private Wealth in 2010. Paul has a Masters in Aeronautical Engineering from Queens University in Belfast.

Mark Riggall, Portfolio Manager

Mark is the Portfolio Manager for the Balanced Fund (responsible for its asset allocation) in addition to responsibility for managing the Central Dealing Desk. Prior to joining Milford in November 2014, Mark spent 11 years with Morgan Stanley in London and Hong Kong as an equity derivatives trader. In Hong Kong he had responsibility for the Asia ex-Japan index derivatives business, running multiple regional derivative portfolios. Prior to that in London he ran a global equity derivatives portfolio in addition to a UK equity derivatives portfolio. Mark has a Masters of Engineering degree from the University of Bath, UK.

  • How do distributions work?

    Some of our funds pay distributions at set intervals.  Distributions are  a way for some of the fund’s returns to be paid out to investors, in the form of cash payments.  The portfolio managers have set the distribution amounts at levels they feel are sustainable, given the current and expected future environment.  The amount paid to each investor is based on the number of cents per unit held.

    If you are investing into a fund that pays regular distributions but opt not to receive the cash, it will instead be reinvested and used to purchase additional units in that fund.

    Distributions from the funds are non-taxable events and are not treated as income for tax purposes.

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