[youtube]https://www.youtube.com/watch?v=hfOSlG9mhqY[/youtube]

Portfolio Manager Jonathan Windust notes the Fund was up 1.0% this month.  Jonathan also discusses the drivers of this performance and the fixed income investment outlook. The Milford Conservative Fund aims to generate above the 90-Day Bank Bill Index. The Fund achieves this by investment in a diversified portfolio of fixed interest and high dividend paying share holdings.