Generate Growth Fund
In their own words: "The objective of the Growth Fund is to provide a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International Equities Managers. The fund has a medium level of volatility"
At a glance:
Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.
Annual fees, including membership and % management fee.
A summary of this fund and it's details.
|Name||Generate Growth Fund|
|Risk profile||Growth fund|
|Description||The objective of the Growth Fund is to provide a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International Equities Managers. The fund has a medium level of volatility|
|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||8.65%|
|Market index past year return||24.17%|
|Past year return net charges and tax||22.72%|
|Past year return net of charges gross of tax||24.1%|
|Market index return since fund started||12.57%|
|Return since fund started net||9.52%|
|Total annual fund fees||1.5%|
|Total performance based fees||0.0%|
|Manager's basic fee||1.0%|
|Total other charges||36.0|
|Total other charges currency||NZD|
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|
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:
United States International Equities6.11%
T Rowe Price Global Equity Fund
Platinum International Fund
New Zealand Australasian Equities5.89%
Magellan Global Fund
ASB On Call Cash Account
New Zealand Cash and Equivalents4.82%
New Zealand Australasian Equities4.03%
Summerset Group Holdings
New Zealand Listed Property3.6%
New Zealand Listed Property3.47%
New Zealand Listed Property3.1%
How the money in this fund is invested against the fund's targets.
|Cash and Cash Equivalents||5.0%||6.58%|
|New Zealand Fixed Interest||12.5%||18.14%|
|International Fixed Interest||0.0%||0.0%|
Currently: Chief Executive Officer / Investment Committee Member / Director (6 years, 9 months)
Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)
Currently: Investment Committee Member (3 years, 4 months)
Previously: Director of Balthazar Capital Advisors (7 years, 9 months)
Currently: Investment Committee Chair / Director (6 years, 9 months)
Previously: Board member of Trust Investments Management Limited (current) (15 years, 7 months)
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)
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 concernIs it excluded?Portfolio analysis
Human Rights & Environmental Violations:0.33%
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:
Nextera Energy Inc 0.07%
Total Sa 0.02%
Concho Resources Inc 0.02%
Seven Generations Energy - A 0.02%
Eog Resources Inc 0.02%
Boeing Co/The 0.05%
Airbus Se 0.04%
Rolls-Royce Holdings Plc 0.02%
Lvmh Moet Hennessy Louis Vuitton 4.4 0.24%
Anheuser-Busch Inbev Sa 2.3 0.12%
Heineken Nv 0.9 0.05%
Masan Group Corp 0.05%
United Spirits Ltd 0.03%
China Resources Beer (Holdings) Co Ltd 0.03%
Diageo Plc 0.02%
Heineken Nv 0.02%
Lvmh Moet Hennessy Louis Vuitton Se 0.02%
Novartis Ag 3.8 0.21%
Human Rights & Environmental Violations
Nestle Sa 3.7 0.20%
Sempra Energy 0.07%
Nestle Sa-Reg 0.04%
Nestle Nigeria Plc 0.02%
Lvmh Moet Hennessy Louis Vuitton 4.4 0.240%
Nestle Sa 3.7 0.202%
Reckitt Benckiser 3.5 0.191%
Pepsico Inc 2.7 0.148%
Estee Lauder - Class A Shares 1.8 0.098%
Nestle Sa-Reg 0.043%
Unilever Plc 0.037%
Symrise Ag 0.035%
Estee Lauder Companies-Cl A 0.026%
Koninklijke Dsm Nv 0.025%
Chr Hansen Holding A/S 0.024%
Clorox Company 0.024%
Unilever Indonesia Tbk Pt 0.022%
Colgate-Palmolive Co 0.021%
Nestle Nigeria Plc 0.020%
Lvmh Moet Hennessy Louis Vuitton Se 0.019%
Download the fund's disclosure statement and portfolio holdings.