Portfolio Manager Jonathan Windust notes the Fund was up 1.6% this month, and since inception 12.5% per annum.  Jonathan also notes the changes to the portfolio over the past month and the investment outlook for the Fund.
The Milford Income Fund aims to generate above what investors could expect from a bank rate of return, as well as a capital growth component. The Fund achieves this by investment in a diversified portfolio of fixed interest and high dividend paying share holdings.