MILFORD KIWISAVER PLAN
Milford Kiwisaver Conservative Fund — holdings changes
Top-10 portfolio holdings extracted from each FMA-mandated Quarterly Fund Update. The diff below shows what entered, exited, grew, or shrank between the two most recent quarters on file.
Comparing
7 September 2025 → 31 March 2026
Entered
3
Exited
7
Grew / Shrank / Held
1 / 2 / 0
Entered the top 10
- Westpac Banking Corporation6.08% of fund
- Agency Ltd2.25% of fund
- New Zealand Government1.50% of fund
Exited the top 10
- NEW ZEALAND GOVERNMENT BOND 4.5% 15/05/2035Bondswas 4.81%
- NZD CASH CALL ACCOUNT (BANK OF NEW ZEALAND)Cashwas 1.82%
- NZ LOCAL GOVERNMENT FUNDING 3.5% 14/04/2033Bondswas 1.44%
- NZ GOVERNMENT INFLATION INDEXED 2.00% 20/09/2025Bondswas 1.15%
- NEW ZEALAND GOVERNMENT BOND 3.5% 14/04/2033Bondswas 1.09%
- HOUSING NEW ZEALAND 3.42% 18/10/2028Bondswas 1.08%
- NZ LOCAL GOVERNMENT FUNDING 4.5% 15/05/2030Bondswas 1.07%
Increased weighting
- USD Cash Current Account (HSBC)1.05% → 1.18% (+0.13 pp)
Decreased weighting
- NZD Cash Current Account (HSBC)11.73% → 5.32% (-6.41 pp)
- NZD Cash Call Account (Bank of China)1.54% → 1.28% (-0.26 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| Westpac Banking Corporation | — | — | 6.08% |
| NZD Cash Current Account (HSBC) | — | — | 5.32% |
| New Zealand Government | — | — | 4.50% |
| New Zealand Government | — | — | 3.50% |
| Agency Ltd | — | — | 3.50% |
| New Zealand Government | — | — | 2.50% |
| Agency Ltd | — | — | 2.25% |
| New Zealand Government | — | — | 1.50% |
| NZD Cash Call Account (Bank of China) | — | — | 1.28% |
| USD Cash Current Account (HSBC) | — | — | 1.18% |
Data sources
- FMA Disclose register — Quarterly Fund Updates
- Provider websites — issuer-published QFU PDFs
Top-10 holdings are a snapshot only; funds may hold many more positions outside the top-10. General information only — not financial advice.
FundCompare
Compare every fund within a KiwiSaver scheme on the FMA Disclose register. Refreshed quarterly. Independent — FundCompare is not a Financial Advice Provider; general information only.