Generate Conservative Fund

In their own words: "This fund aims to provide a conservative investment return for you through investment in mostly income assets. The portfolio is actively managed and includes cash, fixed interest, property (including aged care) and infrastructure assets and international equities."

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: 4.38%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.25%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND809
Name Generate Conservative Fund
Risk profile Conservative fund
Description This fund aims to provide a conservative investment return for you through investment in mostly income assets. The portfolio is actively managed and includes cash, fixed interest, property (including aged care) and infrastructure assets and international equities.
Value $290M NZD
Members 16,911
Market index description The market index is described in the Statement of Investment Policy and Objectives (SIPO)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Tue April 16th 2013
Three-year average return 4.38%
Market index past year return 11.99%
Past year return net charges and tax 11.79%
Past year return net of charges gross of tax 13.09%
Market index return since fund started 7.90%
Return since fund started net 5.58%
Total annual fund fees 1.25%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.25%
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 4.40% 6.81%
2018 3.80% 4.53%
2017 4.16% 1.79%
2016 3.52% 7.57%
2015 8.10% 8.95%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • ASB On Call Cash Account
    New Zealand Cash and Equivalents
    5.5%
  • Berkshire Hathaway
    United States International Equities
    3.23%
  • Infratil
    New Zealand Australasian Equities
    3.02%
  • Contact Energy
    New Zealand Australasian Equities
    2.27%
  • Alphabet
    United States International Equities
    2.24%
  • Nab Hybrid
    Australia NZ Fixed Interest BBB-
    2.22%
  • Tr Group 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.17%
  • Genesis Mar 2023 Bonds
    New Zealand NZ Fixed Interest BBB+
    2.13%
  • Arvida Group
    New Zealand Listed Property
    1.99%
  • Argosy Green Bonds 2026
    New Zealand NZ Fixed Interest UNRATED
    1.93%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 6.55%
New Zealand Fixed Interest 62.5% 61.38%
International Fixed Interest 0.0% 0.0%
Australasian Equities 10.0% 9.23%
International Equities 12.5% 13.01%
Listed Properties 10.0% 9.83%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (6 years, 9 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 4 months)
    Previously: Director of Balthazar Capital Advisors (7 years, 9 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (6 years, 9 months)
    Previously: Board member of Trust Investments Management Limited (current) (15 years, 7 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (6 years, 9 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.