This Fund is for investors seeking:
• Capital growth over at least 3 years
• Quarterly income from their investment
• A low to medium risk investment
• Diversified exposure to primarily fixed interest securities and equity income-generating securities
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Returns to - (After fees and expenses)
|1 Month||3 Months||1 Year||3 Year (p.a.)||5 Year (p.a.)||Inception (p.a.)|
|Diversified Income Fund||-||-||-||-||-||-|
Paul Morris, Portfolio Manager & Deputy CIO
Paul joined Milford in February 2016, he is Deputy Chief Investment Officer and the Portfolio Manager of a number of Milford funds. Paul has over 25 years’ experience in global and Australasian financial markets. Paul held senior fixed income roles with investment banks including Merrill Lynch and ABN AMRO in London. His experience includes debt capital markets, credit trading and interest rate derivatives trading. Paul moved to New Zealand in 2009 and was Executive Director and Head of Debt Capital Markets at JBWere, before moving to Macquarie Private Wealth in 2010 where he was Head of Portfolio Strategy. Paul has a Masters in Aeronautical Engineering from Queens University in Belfast.
Daniel Simmonds, Portfolio Manager
Daniel is a Portfolio Manager focussed on global infrastructure, utilities and real estate assets. He works on a number of Funds at Milford with a particular focus on the Milford Diversified Income Fund. Previously he spent 7 years at RARE Infrastructure where he was a Portfolio Manager and Senior Analyst and 4.5 years at CP2 (formerly Capital Partners) as an Investment Analyst.
Daniel holds Economics (Hons) and Arts degrees from the University of Western Australia, and a Graduate Certificate in Applied Finance from Macquarie University. Daniel is based in Sydney.
How do distributions work?
Some of our funds pay distributions at set intervals. Distributions are a way for some of the fund’s returns to be paid out to investors, in the form of cash payments. The portfolio managers have set the distribution amounts at levels they feel are sustainable, given the current and expected future environment. The amount paid to each investor is based on the number of cents per unit held.
If you are investing into a fund that pays regular distributions but opt not to receive the cash, it will instead be reinvested and used to purchase additional units in that fund.
Distributions from the funds are non-taxable events and are not treated as income for tax purposes.