MILFORD KIWISAVER PLAN
Milford Kiwisaver Moderate 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
7
Grew / Shrank / Held
1 / 1 / 1
Entered the top 10
- Agency Ltd3.50% of fund
- New Zealand Government1.50% of fund
- SSE Plc0.93% of fund
- NZD Cash Call Account (BNZ Bank)0.92% of fund
Exited the top 10
- NEW ZEALAND GOVERNMENT BOND 4.5% 15/05/2035Bondswas 3.18%
- NZD CASH CALL ACCOUNT (BANK OF NEW ZEALAND)Cashwas 1.67%
- CONTACT ENERGY LTDShareswas 1.06%
- MICROSOFT CORPORATIONShareswas 1.02%
- NZ LOCAL GOVERNMENT FUNDING 3.5% 14/04/2033Bondswas 1.02%
- AMAZON.COM INCShareswas 0.95%
- NEW ZEALAND GOVERNMENT BOND 3.5% 14/04/2033Bondswas 0.95%
Increased weighting
- USD Cash Current Account (HSBC)1.30% → 1.67% (+0.37 pp)
Decreased weighting
- NZD Cash Current Account (HSBC)11.86% → 8.11% (-3.75 pp)
Current top holdings (31 March 2026)
| Asset | Class | Country | % of fund |
|---|---|---|---|
| NZD Cash Current Account (HSBC) | — | — | 8.11% |
| New Zealand Government | — | — | 4.50% |
| New Zealand Government | — | — | 3.50% |
| Agency Ltd | — | — | 3.50% |
| New Zealand Government | — | — | 2.50% |
| USD Cash Current Account (HSBC) | — | — | 1.67% |
| New Zealand Government | — | — | 1.50% |
| AUD Cash Current Account (HSBC) | — | — | 1.08% |
| SSE Plc | — | — | 0.93% |
| NZD Cash Call Account (BNZ Bank) | — | — | 0.92% |
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.