SHARESIES KIWISAVER SCHEME
Sharesies Milford Aggressive Fund
Recent material changes
Diffs we track across PDS, SIPO, holdings + fee history
About this aggressive fund
The Sharesies Milford Aggressive Fund is a KiwiSaver scheme fund offered through the Sharesies KiwiSaver Scheme. It holds 100% growth assets and 0% income assets, positioning it at the aggressive end of the risk spectrum. This fund is designed for members seeking exposure to growth-oriented investments rather than capital preservation or income generation.
Over the five-year period to 31 March 2026, this KiwiSaver scheme fund delivered a 0.00% average annual return. The fund charges an annual fee of 1.15%, which is 0.30 percentage points higher than the peer-median fee of 0.85% for aggressive-category funds. The fund manages $188.3 million across 8,953 members as of the latest quarterly fund update period. Past performance is not a reliable indicator of future returns.
The FMA risk indicator places this KiwiSaver scheme fund at 5 out of 7, reflecting a high-risk profile typical of portfolios with substantial equity exposure. Funds at this risk level are generally considered appropriate for members with longer investment timeframes who can tolerate significant short-term fluctuations in value. The aggressive risk classification means potential for both substantial gains and notable losses over shorter periods.
Holdings
As of 2026-03-31 Sharesies Milford Aggressive Fund reports an asset mix of 100% growth assets (shares, listed property, alternatives) and 0% income assets (cash, bonds, fixed interest). This split is typical for a aggressive fund. The full asset-mix breakdown including overseas vs domestic and listed vs unlisted exposure appears in the asset-allocation chart below.
Performance
Sharesies Milford Aggressive Fund's most recent QFU is dated 2026-03-31. Past performance is not a reliable indicator of future returns.
Fees
At 1.15% in annual charges, Sharesies Milford Aggressive Fund's fee sits 0.29 percentage points above the median for Aggressive KiwiSaver scheme funds in our coverage (median 0.85%). 86 of the 128 funds in this cohort charge a lower annual fee (this fund ranks 87 cheapest of 128). Fee level is a mechanical signal — does not factor in returns, risk, or manager skill.
Risk and suitability
Sharesies Milford Aggressive Fund carries a risk indicator of 5/7 on the FMA risk scale. Risk indicator 5-6 funds are typically considered for members with a long investment horizon (10+ years) who can tolerate larger short-term value swings in exchange for higher long-term return potential. FundCompare does not provide personalised advice; consult a licensed financial adviser to understand whether this risk profile fits your circumstances.
Returns
null%
Five Year Average Return
Returns (green) show the fund’s growth over the five years to 31 March 2026, after fees and taxes. Compare these results with the average Aggressive KiwiSaver scheme fund (light green).
Fees
1.15%
One Year Average Fees
Fees shown here (blue) represent what you would pay over a year if you had $30,000 invested in this fund. Compare them with the average fees for Aggressive KiwiSaver scheme funds (light blue).
Asset Mix
The fund’s mix of growth assets (shares, property) and income assets (bonds, cash) as of 31 March 2026. The average mix foraggressive KiwiSaver scheme funds is shown in light blue.
Key Takeaways
Here’s the provider’s overview of the managed fund:
“ Invests wholly in the Milford Aggressive Fund. Designed to maximise capital growth over the minimum recommended investment timeframe. Primarily invests in international equities, with a moderate allocation to Australasian equities. ”
When can I get my money out?
This is a fund within a KiwiSaver scheme, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Asset mix
This fund's asset mix
Average for Aggressive funds
Your investment mix shapes your outcome
The balance of assets you choose — your asset allocation, has the biggest impact on how your investments perform and how much their value may rise or fall along the way. Selecting that balance is crucial. By adjusting the proportion of growth-oriented investments you include, you’re effectively setting your preferred level of risk. Generally, taking on more risk can increase the potential for higher returns, but there’s never a guarantee — that’s the nature of risk. To find an allocation suited to your personal circumstances (sometimes called your risk profile), you can start with an investor risk questionnaire or a KiwiSaver-specific guide.
Top 10 investments
These assets make up 100.00% of this fund.
| Asset | Asset Class | Type | Country | % of Fund | |
|---|---|---|---|---|---|
 | MILFORD AGGRESSIVE FUND | Fund | NZ | 100.00% |
Fees
1.15%
This Fund
0.88%
Average Aggressive Kiwisaver funds
The blue segment shows the annual fees you’d pay if you invested $30,000 in this fund. The grey segment represents the typical yearly fees for an average Aggressive KiwiSaver scheme fund, so you can compare them directly.
Smaller Fees, Bigger Potential
When it comes to investing, spending more doesn’t automatically lead to stronger results. In fact, higher fund fees can often eat into your returns. Remember, what you keep is calculated after fees and taxes are deducted. Because no one can predict how any fund will perform, it’s generally wise to look for options with lower costs whenever you can.
Fees breakdown
| Fee Type | % Over a year | Amount paid on a 30k balance |
|---|---|---|
| total Total fund charges | 1.15% | — |
Returns
null%
This Fund
5.26%
Average Aggressive Kiwisaver funds
Over the past five years, this fund delivered the average annual return shown here (in green) to investors, after fees and taxes (28% PIR) were applied. For comparison, the average return over the same period for all Aggressive KiwiSaver scheme funds is shown in grey.
Returns: Reflecting the Past
Investing is about seeking returns, but the figures shown here represent historical performance—they cannot be relied upon to continue in the future. Selecting a fund solely based on past performance is not advisable. A well-informed decision should consider factors such as an appropriate investment mix for your goals and reasonable fees.
Risks
Risk indicator
This indicator reflects how much the investment’s value has fluctuated over time. It is calculated from the fund’s five-year performance, or from a comparable market index if the fund has a shorter history.
Additional details
Manager information
| Name | SHARESIES INVESTMENT MANAGEMENT LIMITED |
| Type | NZ Limited Company |
| Website | sharesies.nz |
| NZBN | 9429049537208 |
| FSP Number | FSP100146 |
Fund information
| Asset liquidity ratio | 100.00% |
| Total value of fund | $188288332 |
| Debt ratio |
Fee + return history
View detailed history →Quarterly fees and after-tax returns recorded against this fund since inception. Sourced from FMA Disclose Quarterly Fund Updates. The detailed view shows the full chart + per-quarter data table.
PDS changes
View detailed PDS history →Material changes to the Product Disclosure Statement over time — fee adjustments, asset-allocation shifts, scheme-rule amendments. Diff against the previous PDS shown side-by-side in the detailed view.
Holdings changes
View detailed holdings diff →Top-10-holdings additions, removals, and weight changes across quarters. Shows the manager's actual portfolio decisions over time, sourced from the fund's Quarterly Fund Update.
SIPO changes
View detailed SIPO history →Statement of Investment Policy and Objectives revisions — investment objective rewrites, asset-class target shifts, ESG policy changes, derivatives policy changes. The detailed view diffs against prior SIPO versions.
AI · API · Markdown
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Identifiers
- FMA fund code
- FND48196
- FSP number
- FSP100146
- NZBN
- 9429049537208
- Provider
- Sharesies
- Scheme
- SHARESIES KIWISAVER SCHEME
Endpoints for Sharesies Milford Aggressive Fund
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The information provided on this website is not a recommendation to buy, sell, or hold any financial products. Nothing on this website constitutes financial advice for the purposes of the Financial Markets Conduct Act 2013. FundCompare.co.nz is not a licensed Financial Advice Provider.
Investing involves risk. The value of your investment can go down as well as up, and you may get back less than you put in. Past performance is not a reliable indicator of future returns.
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