Milford Australian Absolute Growth Fund (Hedge Fund) (ASX: MFOA) - Share Price and Research

- Current share price for MFOA : $10.550

Milford Australian Absolute Growth Fund (Hedge Fund) (MFOA) is an Exchange Traded Fund - commonly known as an ETF. For more details about how ETFs work, feel free to check out our What is an ETF? overview. Milford Australian Absolute Growth Fund (Hedge Fund) (MFOA) is an exchange traded diversified fund that primarily invests in Australasian equities, complemented by selective exposure to international equities and cash.

Download the InvestSMART top performing ETF report

General Information

Fund Name	Milford Australian Absolute Growth Qtd Hedged CmplxETF
Responsible Entity	Equity Trustees Ltd
APIR Code	ETL0750AU
Sector/Asset Class	Equity Australia Large Blend
Benchmark	S&P/ASX 200 TR AUD
InvestSMART Rating
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	16 Jan 2023
Fund Size	$24.06 million (as at 10 Jan 2025)
Entry Price	$10.609 (as at 10 Jan 2025)
Exit Price	$10.5666 (as at 10 Jan 2025)

MFOA ETF performance (30 Nov 2024)

NOTE : returns for periods greater than 1 year are annualised

	1 Month %	3 Month %	6 Month %	1 Year % p.a.	2 Year % p.a.	3 Year % p.a.	5 Year % p.a.	10 Year % p.a.
Total return	1.58	0.81	-0.39	7.99	-	-	-	-
Growth return	1.58	0.81	-2.82	4.89	-	-	-	-
Income return (Yield)	0	0	2.43	3.1	-	-	-	-
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

Asset Allocation (30 Nov 2024)

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

Objectives and Strategy

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 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.

Offer information

MER	1.52% (as at 22 Mar 2024)
Indirect Cost Ratio (ICR)	1.36% (as at 30 Jun 2023)
Performance fee (not included in ICR)	0.46

Top 10 holdings (as at 31 Jul 2024)

Holding	Type	% of Portfolio
Telstra Group Ltd	Equity	6.15%
Login now to view the complete list of holdings.

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.

DISCLOSURE: InvestSMART Group Limited employees may have an interest in the securities and managed funds displayed via this service. Please refer to our Financial Services Guide for more information.

Data shown on this website is sourced by Morningstar
© Morningstar. All rights reserved. Neither any Morningstar company nor any of their content providers guarantee the data or content contained herein to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd (ABN: 95 090 665 544, AFSL: 240892) and/or Morningstar Research Limited, subsidiaries of Morningstar, Inc, without reference to your objectives, financial situation or needs. You should consider the advice in light of these matters and, if applicable, the relevant Product Disclosure Statement (in respect of Australian products) or Investment Statement (in respect of New Zealand products) before making any decision to invest. No Morningstar-affiliated company or any of their employees is providing you with personalised financial advice. To obtain advice tailored to your particular circumstances, please contact a professional financial adviser. 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.

What our members say about us