Fees - Milford Asset

Fees

There are fees associated with all types of investing. Milford believes in a pay for performance fee structure to cover Fund administration, research and supervisor costs. We charge a capped management fee. Any management or performance fees charged by underlying Fund managers are in addition and are deducted from each Fund. Above this, we charge no additional fees unless we exceed the performance we state we will achieve for any given Fund. In those situations a separate performance fee may be payable to us. There are no entry, exit or switching fees payable to Milford.

There is a Registry and Administration Fee of $36 per annum to invest in the Milford KiwiSaver Plan. The table below summarises the individual Fund fees (excluding the $36 per annum Registry and Administration Fee).

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Under the Financial Markets Conduct Regulations 2014 we are required to prepare and make publicly available quarterly and annual disclosure statements for each Fund. In those disclosure statements we are required to disclose fees and costs in a particular way. As a result care should be taken when comparing the figures from those disclosure statements and this website.

Milford Asset Management Limited                
Tuesday, November 21, 2017
MTD PERFORMANCE FIGURES
PORTFOLIOFUND NAMEHIPORT CODEPREVIOUS MONTH END DATEPREVIOUS MONTH END UNIT PRICEDistribution DateDISTRIBUTIONS IN PERIOD (DOLLARS PER UNIT)PREVIOUS UNIT PRICE DATEPREVIOUS UNIT PRICECURRENT UNIT PRICE DATECURRENT UNIT PRICE% DAY MOVEMENT IN UNIT PRICE% MTD MOVEMENT IN UNIT PRICE
700100Milford Active Growth Wholesale FundWMLAGF31/10/172.15290.000020/11/172.159021/11/172.16480.27%0.55%
700101Milford Dynamic Wholesale FundWMLDNC31/10/171.82150.000020/11/171.847021/11/171.85110.22%1.63%
700102Milford NZ Equities Wholesale FundWMLNZE31/10/172.58310.000020/11/172.553621/11/172.55730.14%-1.00%
700103Milford Australian Equities WholesaleWMLAEQ31/10/171.32680.000020/11/171.336021/11/171.34040.33%1.03%
700104Milford Global Select Wholesale FundWMLGLB31/10/171.68940.000020/11/171.722721/11/171.73310.60%2.59%
700105Milford Income Wholesale FundWMLINC31/10/171.96410.000020/11/171.971121/11/171.97520.21%0.57%
700106Milford Trans-Tasman Bond Wholesale FundWMLTTB31/10/171.11040.000020/11/171.114121/11/171.11450.04%0.37%
700107Milford Global Bond Wholesale FundWMLGBF31/10/171.04110.000020/11/171.039721/11/171.04080.11%-0.03%
700200Milford Retail Active Growth FundMILAGG31/10/173.26160.000020/11/173.270521/11/173.27790.23%0.50%
700201Milford Retail Dynamic FundMILDNC31/10/171.67320.000020/11/171.695421/11/171.69910.22%1.55%
700202Milford Retail Balanced FundMILBAL31/10/172.07100.000017/11/172.074620/11/172.07530.03%0.21%
700203Milford Retail Trans-Tasman FundMILTTA31/10/172.49210.000020/11/172.475021/11/172.48240.30%-0.39%
700204Milford Retail Global FundMILGLB31/10/171.46600.000017/11/171.472220/11/171.47310.06%0.48%
700205Milford Retail Diversified Income FundMILINC31/10/171.660320/11/170.016020/11/171.649421/11/171.65250.19%0.49%
700206Milford Retail Conservative FundMILCON31/10/171.10200.000020/11/171.105121/11/171.10660.14%0.42%
700300Milford KiwiSaver Active GrowthMILKSA31/10/173.29030.000020/11/173.299121/11/173.30670.23%0.50%
700301Milford KiwiSaver BalancedMILKSB31/10/172.10940.000017/11/172.113220/11/172.11380.03%0.21%
700302Milford KiwiSaver ConservativeMILKSC31/10/171.63900.000020/11/171.643521/11/171.64570.13%0.41%
700400Milford AON KiwisaverAONKSA31/10/173.29620.000020/11/173.305021/11/173.31260.23%0.50%
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