This Fund is for investors seeking:
• A fund modelled on Milford’s Diversified Income Fund in New Zealand
• Regular monthly income* and moderate capital growth
• Preservation of capital over rolling 2-year periods
• A multi-asset fund that invests in a variety of income generating assets such as Australasian and global shares, fixed interest, property and infrastructure
• A medium risk investment
*Current monthly estimated distribution 0.18 cents per unitFund Introduction Monthly Fact Sheet
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Returns to - (After fees and expenses)
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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 Diversified Income Fund (AU)’s inception date is 3 August 2020.
David Lewis, Portfolio Manager & Deputy CIO
David is Deputy Chief Investment Officer and is the Portfolio Manager of the Milford Diversified Income Fund. He is also the Co-Manager of the Milford Trans-Tasman Bond & Global Corporate Bond Funds. David joined Milford in 2013 from Merrill Lynch where he worked in Sydney and London for eight years in a variety of areas including credit research, emerging market research, and principal investments in high yield/distressed credit. Prior to this, David spent four years as a fixed income analyst at BT Funds Management and Principal Global Investors, based in Sydney and London. David has a Bachelor of Commerce in Economics from the University of Canterbury, a Master of Commerce in Finance from the University of Sydney, and is a CFA Charterholder.
Paul Morris, Portfolio Manager
Paul joined Milford in February 2016 and is the Portfolio Manager of a number of Milford funds. Paul has over 20 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. 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.