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Australian Absolute Growth Fund – W Class

APIR code: ETL8155AU
Ratings & Awards

Why choose the Australian Absolute Growth Fund (AAGF)?

Milford’s AAGF is a defensive Australian equity fund that strives to deliver a smoother investing journey, by leveraging Milford’s active approach to portfolio construction and risk management. By utilising a top-down / bottom-up research framework and a flexible approach to portfolio construction, AAGF aims to reduce volatility by adapting to prevailing market conditions.

Firmly focused on generating long-term risk-adjusted returns, with multiple levers to manage risk and deliver strong results, AAGF is designed to perform through a range of market conditions. The AAGF is managed by an experienced Australasian-based portfolio management team.

Fund Overview

The Milford Australian Absolute Growth Fund leverages Milford’s long established absolute return investing capability, 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 portfolio of predominantly Australian equities, complemented by selective exposure to international equities, cash and derivatives for use in risk management.

Portfolio Managers

This Fund is for investors seeking:

A diversified portfolio of predominantly Australian equities

Absolute returns, with an annualised return objective of 5% above the RBA cash rate

An investment timeframe of 7 Years+, while seeking to preserve investor capital over rolling three year periods (net of fees)

A medium to high risk investment

The Australian Absolute Growth Fund
Our Australian Absolute Growth Fund is designed to generate strong returns over time, using an active approach to investing, with a focus on capital preservation. Milford emphasises top-down analysis, assessing the headwinds and the tailwinds. Find out more in this video of William Curtayne, Portfolio Manager at Milford.

Invested in expertise, performance and trust

When you invest with Milford you get a world-class investment partner dedicated to delivering strong long-term returns and outstanding adviser engagement.

Active fund management

We take a hands-on approach to investing, constantly re-evaluating investments pursuing the best returns possible for our clients. Our ability to move quickly means we can take advantage of opportunities as they arise and manage risk along the way.

A team who invests alongside their clients

It’s our policy that our staff invest their own money in the same funds as our clients, so you can be certain our team is highly motivated to have your funds do the best that they can because we’re on the same journey.

In-depth research & insights

In-depth research is the foundation upon which this is built. From top-down macro economic insights to bottom-up company research, our 40-strong investment team leaves no stone unturned.

Global
expertise

We have a large and globally experienced investment team with an impressive track record, including winning the Morningstar Overall New Zealand Fund Manager of the Year 2023.
Key Fund Facts

Benchmark

RBA Cash Rate + 5% p.a.

Inception Date

02 October 2017

APIR

ETL8155AU

Recommended investment timeframe

7 years +

Minimum investment

$50,000

Risk level

Medium to High

Management fee

0.90%

Performance fee

15.35% p.a. of returns above the Fund Benchmark to be paid annually

Income distribution

Bi-annually at 31 December and 30 June

Australian Absolute Growth Funds Highlights

Market Updates • Events • Funds Reports • Investment Masterclass

Disclaimer: Past performance is no guarantee of future returns. Net performance figures are shown after all fees and expenses, and assumes reinvestment of distributions. Figures over one year have been annualised.
Past performance is no guarantee of future returns. Net performance figures are shown after all fees and expenses, and assumes reinvestment of distributions. The Milford Australian Absolute Growth Fund’s inception date is 2 October 2017.
Disclaimer

Equity Trustees Limited (“Equity Trustees”) (ABN 46 004 031 298), AFSL 240975, is the responsible Entity for the Milford Australia Funds. Equity Trustees is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Milford Australia Pty Ltd (“Milford”) ABN 65 169 262 971 (AFSL 461253) has prepared this advertisement as investment manager of the Australian Absolute Growth Fund to provide you with general information only.

In preparing this advertisement, we did not take into account the investment objectives, financial situation or needs of any particular person. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information. Neither Milford, Equity Trustees nor any of its related parties, its employees or directors, provides any warranty of accuracy or reliability in relation to such information or accepts any liability to any person who relies on it.

Please read the Fund’s Product Disclosure Statement at milfordasset.com.au/documents-and-forms before making a decision to invest in this product. Past performance is not a reliable indicator of future performance. The Australian Absolute Growth Fund Target Market Determination is available at milfordasset.com.au/documents-and-forms. The Target Market Determination is a document describing who this financial product is likely to be appropriate for (i.e. the target market), and any conditions around how the product can be distributed to investors. It also describes the events or circumstances where the Target Market Determination for this financial product may need to be reviewed.

Invest Now

Let’s get started, you can choose to invest directly with Milford or through investment platforms.

Invest via platforms
Invest directly with Milford
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
Milford Platform CFS FirstWrap logo
  • Milford Australian Absolute Growth Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
Milford Funds on MLC platform
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
Milford Funds Platform -AMP-North
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
  • Milford Australian Absolute Growth Fund
  • Milford Dynamic Small Companies Fund
Before you start, you must read the Fund’s PDS and TMD. here.

Get in touch

Our head office is based in Sydney and we also have teams in Melbourne and Brisbane.

Suite 1, Level 41
25 Martin Place
Sydney NSW 2000

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