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MFOA

Actively managedAustralian Shares

Milford Australian Absolute Growth Complex ETF

About this ETF

The Fund aims to generate investment returns 5% higher than the RBA cash rate by investing in a diversified portfolio of predominantly Australian equities, complemented by selective exposure to international equities, fixed interest securities and cash. The Fund also aims to preserve capital and minimise volatility in times of higher uncertainty or less conviction by allowing the Fund to be invested in cash up to 100% of the Fund value, and may use Derivatives and foreign currency hedging to achieve the desired level of market exposure.

IssuerMilford
Management fee (MER)0.90% p.a.
Inception date16 Jan 2023
BenchmarkRBA Cash Rate + 5% TR AUD

Scout Score

44/100
Ranked #15 of 23 in active Australian Shares

An independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.

Cost41
Diversification—
Liquidity29
Fund Strength64
Performance—
Income50

Strengths

No standout strengths relative to category peers.

Weaknesses

  • Lower liquidity — 0.39% bid/ask spread, wider than 71% of active Australian Shares peers.