MILFORD KIWISAVER PLAN
Milford Kiwisaver Balanced 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
4
Exited
4
Grew / Shrank / Held
3 / 3 / 0
Entered the top 10
- New Zealand Government4.50% of fund
- SSE Plc1.27% of fund
- National Grid Plc1.18% of fund
- NZD Cash Call Account (BNZ Bank)1.16% of fund
Exited the top 10
- NEW ZEALAND GOVERNMENT BOND 4.5% 15/05/2035Bondswas 1.84%
- NZD CASH CALL ACCOUNT (BANK OF NEW ZEALAND)Cashwas 1.70%
- FISERV INCShareswas 1.25%
- NATWEST GROUP PLCShareswas 1.25%
Increased weighting
- NZD Cash Current Account (HSBC)2.93% → 3.99% (+1.06 pp)
- USD Cash Current Account (HSBC)1.69% → 2.27% (+0.58 pp)
- AUD Cash Current Account (HSBC)1.27% → 1.37% (+0.10 pp)
Decreased weighting
- Microsoft Corporation1.76% → 1.28% (-0.48 pp)
- Amazon.Com, Inc.1.60% → 1.13% (-0.47 pp)
- Contact Energy Ltd1.43% → 1.10% (-0.33 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| New Zealand Government | — | — | 4.50% |
| NZD Cash Current Account (HSBC) | — | — | 3.99% |
| USD Cash Current Account (HSBC) | — | — | 2.27% |
| AUD Cash Current Account (HSBC) | — | — | 1.37% |
| Microsoft Corporation | — | — | 1.28% |
| SSE Plc | — | — | 1.27% |
| National Grid Plc | — | — | 1.18% |
| NZD Cash Call Account (BNZ Bank) | — | — | 1.16% |
| Amazon.Com, Inc. | — | — | 1.13% |
| Contact Energy Ltd | — | — | 1.10% |
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.