The Milford Australian Absolute Growth Fund is a managed investment fund focused primarily on Australasian equities, with selective exposure to international equities and cash. It aims to achieve an absolute return that exceeds the New Zealand Official Cash Rate by 5% annually, while prioritizing capital protection over rolling three-year periods. The fund employs a diversified investment strategy, balancing growth assets like shares and property with income assets such as bonds and cash, maintaining a flexible asset mix to manage volatility and risk. It incorporates active risk management techniques including the potential use of derivatives and foreign currency hedging to adjust market exposure. This fund serves as a vehicle for investors seeking a growth-oriented portfolio with a measured approach to risk and return in the Australasian market context.