The Milford Australian Absolute Growth Fund builds on Milford’s absolute return investing capability with an Australian Unit Trust, modelled on the company’s flagship Active Growth Fund.
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 and cash. The Fund may use derivatives.
| Key Fund Facts | |
|---|---|
|
Benchmark |
RBA Cash Rate + 5% p.a. |
|
Inception Date |
02 October 2017 |
|
APIR |
ETL1090AU |
|
Recommended investment timeframe |
7 years + |
|
Minimum investment |
$1,000 |
|
Risk level |
High |
|
Management fee |
1.05% |
|
Performance fee |
15.35% p.a. of returns above the Fund Benchmark to be paid annually. |
|
Income distribution |
Annually at 30 June |
Past performance is no guarantee of future returns. Net performance figures are shown after all fees and expenses, and assumes reinvestment of distributions.
*The performance stated combines the performance of the Australian Absolute Growth Fund – W Class from 2 October 2017 to 31 July 2021, and the performance of the Milford Australian Absolute Growth Fund – R Class thereafter.
