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  5. Milford Australian Absolute Growth Wholesale - Managed fund profile

Milford Australian Absolute Growth Wholesale - Managed Fund

Fund Objective
The Fund's objective is to provide absolute returns with an annualised return objective of 5% above the RBA cash rate while seeking to preserve investor capital over rolling three year periods (net of fees).
Fund Strategy
The Fund aims to generate investment returns 5% higher than the RBA cash rate by investing in a diversified portfolio of predominantly Australian equities, complemented by selective exposure to international equities, fixed interest securities and cash. The Fund also aims to preserve capital and minimise volatility in times of higher uncertainty or less conviction by allowing the Fund to be invested in cash up to 100% of the Fund value, and may use Derivatives and foreign currency hedging to achieve the desired level of market exposure.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return 1.57% 0.81% -0.56% 7.77% 6.47% 5.22% 7.68% -%
Growth return 1.57% 0.81% -3.04% 4.13% 2.48% -1.54% 0.07% -%
Income return 0% 0% 2.48% 3.64% 3.99% 6.76% 7.61% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.79% 5.47% 11.53% 23.42% 11.9% 9.55% 8.28% 9.08%
As at 30 Nov 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Milford Australian Absolute Growth Wholesale
Australian Equities
70.03%
International Equities
5.32%
Cash
24.64%
Property
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.64%
International Equities
4.14%
Cash
-0.31%
Property
2.16%
Fixed Interest
0.40%
Alternatives
-0.03%

General Information

Fund Details
Type Description
Milford Australian Absolute Growth Wholesale
Equity Trustees Ltd
ETL8155AU
Equity Australia Large Blend
starstarstarstar (as at 30 Nov 2024)
Investment Fund
2 Oct 2017
$381.66 million (as at 13 Dec 2024)
$1.1811 (as at 23 Dec 2024)
$1.1763 (as at 23 Dec 2024)
Open
Offer information
Type Description
MER 1.52% (as at 22 Mar 2024)
Indirect Cost Ratio (ICR) 0.90% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment $50,000

Top 10 holdings (as at 31 Jul 2024)

Holding (as at 31 Jul 2024) Type % of Portfolio
Telstra Group Ltd Equity 6.15%
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FAQs about the Milford Australian Absolute Growth Wholesale

The objective of the Milford Australian Absolute Growth Wholesale managed fund is The Fund's objective is to provide absolute returns with an annualised return objective of 5% above the RBA cash rate while seeking to preserve investor capital over rolling three year periods (net of fees).

The strategy of the Milford Australian Absolute Growth Wholesale managed fund is The Fund aims to generate investment returns 5% higher than the RBA cash rate by investing in a diversified portfolio of predominantly Australian equities, complemented by selective exposure to international equities, fixed interest securities and cash. The Fund also aims to preserve capital and minimise volatility in times of higher uncertainty or less conviction by allowing the Fund to be invested in cash up to 100% of the Fund value, and may use Derivatives and foreign currency hedging to achieve the desired level of market exposure.

The APIR code of the Milford Australian Absolute Growth Wholesale managed fund is ETL8155AU.

Milford Australian Absolute Growth Wholesale’s total return last month was 1.57%. This was made up of a growth return of 1.57% and an income return of 0%. These returns were calculated as at 30 Nov 2024.

Milford Australian Absolute Growth Wholesale’s total return for the last three months was 0.81%. This was made up of a growth return of 0.81% and an income return of 0%%. These returns were calculated as at 30 Nov 2024.

Milford Australian Absolute Growth Wholesale’s one-year total return is 7.77%. This was made up of a growth return of 4.13% and an income return of 3.64%. These returns were calculated as at 30 Nov 2024.

Milford Australian Absolute Growth Wholesale’s one-year total return is 5.22%. This was made up of a growth return of -1.54% and an income return of 6.76%. These returns were calculated as at 30 Nov 2024.

The asset allocation of the Milford Australian Absolute Growth Wholesale managed fund is :

Australian Equities
70.03%
International Equities
5.32%
Cash
24.64%
Property
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Milford Australian Absolute Growth Wholesale managed fund is Equity Trustees Ltd.

The Milford Australian Absolute Growth Wholesale managed fund belongs to the Equity Australia Large Blend sector/asset class.

As at 13 Dec 2024, the size of the Milford Australian Absolute Growth Wholesale managed fund was $381.66 million.

The Milford Australian Absolute Growth Wholesale managed fund has an inception date of 2 Oct 2017.

The current entry price of the Milford Australian Absolute Growth Wholesale managed fund is $1.1811 per unit and the current exit price is $1.1763 per unit (as at 23 Dec 2024).

The current exit price of the Milford Australian Absolute Growth Wholesale managed fund is $1.1763 per unit and the current entry price is $1.1811 per unit (as at 23 Dec 2024).

The minimum initial investment amount for the Milford Australian Absolute Growth Wholesale managed fund is $50,000.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.