Milford Australian Absolute Growth Fund

The Fund aims to achieve its objective 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 terms of higher uncertainty or less conviction by allowing the Fund to be invested in cash up to 100% of the Fund value, using derivatives and foreign currency hedging to achieve the desired level of market exposure.