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Generate Stepping Stones 36-45

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Not Mindful
Type: Growth fund
Past Returns: 6.04%

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

Annual Fees: 1.42%

Annual fees, including any membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.

Fossil Fuel

Nextera Energy Inc 0.05%
Concho Resources Inc 0.02%
Eog Resources Inc 0.02%
Xcel Energy Inc 0.19%
Wec Energy Group Inc 0.12%

Weapons

Safran Sa 0.02%
Boeing Co/The 0.02%
Rolls-Royce Holdings Plc 0.02%
Airbus Se 0.01%

Alcohol

Masan Group Corp 0.03%
China Resources Beer (Holdings) Co Ltd 0.03%
United Spirits Ltd 0.02%
Heineken Nv 0.05%
Diageo Plc 0.02%
Lvmh Moet Hennessy Louis Vuitton 0.14%
Anheuser-Busch Inbev Sa 0.06%

GMOs

Novartis Ag 0.22%

Human Rights & Environmental Violations

Sempra Energy 0.06%
Nestle Sa-Reg 0.03%
Nestle Nigeria Plc 0.01%
Nestle Sa 0.19%

Animal Testing

Nestle Sa-Reg 0.030%
Unilever Plc 0.030%
Koninklijke Dsm Nv 0.020%
Estee Lauder Companies-Cl A 0.020%
Unilever Indonesia Tbk Pt 0.020%
Symrise Ag 0.020%
Nestle Nigeria Plc 0.010%
Reckitt Benckiser 0.200%
Nestle Sa 0.190%
Lvmh Moet Hennessy Louis Vuitton 0.150%
Estee Lauder - Class A Shares 0.130%
Pepsico Inc 0.130%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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.

A summary of this fund and its details.

Number FND1002
Name Generate Stepping Stones 36-45
Risk profile Growth fund
Description The objective of the Stepping Stones 36-45 years old investment option 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. The investment option has a medium to high level of volatility.
Value $26M NZD
Members 1,122
Market index description The market index is described in the Statement of Investment Policy and Objectives (SIPO)
Period of data report Tue June 30th 2020
Fund started Tue April 16th 2013
Three-year average return 6.04%
Market index past year return 6.16%
Past year return net of charges and tax 2.44%
Past year return net of charges gross of tax 2.82%
Market index return since fund started 10.64%
Return since fund started net 7.25%
Total annual fund fees 1.42%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.42%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (7 years, 3 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 10 months)
    Previously: Director of Balthazar Capital Advisors (8 years, 3 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (7 years, 3 months)
    Previously: Board member of Trust Investments Management Limited (current) (16 years, 1 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (7 years, 3 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 Tue June 30th 2020.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2020 -3.47% -0.04%
2019 6.87% 8.36%
2018 7.63% 9.81%
2017 8.87% 5.29%
2016 3.62% 5.79%
2015 13.73% 15.17%

The market average is the average 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 Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • ASB NZ Dollar Cash Acount
    New Zealand Cash and Equivalents A1
    8.56%
  • Berkshire Hathaway
    United States International Equities
    5.78%
  • T Rowe Price Global Equity Fund
    Australia Fund
    5.24%
  • Infratil
    New Zealand Australasian Equities
    4.46%
  • Platinum International Fund
    Australia Fund
    4.2%
  • Magellan Global Fund
    Australia Fund
    4.04%
  • Alibaba Group Holdings
    China International Equities
    2.86%
  • Spark
    New Zealand Australasian Equities
    2.79%
  • Ping An Insurance Group
    China International Equities
    2.69%
  • Contact Energy
    New Zealand Australasian Equities
    2.67%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 10.25%
New Zealand Fixed Interest 23.13% 23.91%
International Fixed Interest 0.0% 0.0%
Australasian Equities 15.25% 16.5%
International Equities 41.38% 39.19%
Listed Properties 15.25% 10.15%
Unlisted Properties 0.0% 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 June 2020 .

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
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.37%
  • Animal Testing:
    0.94%
  • Fossil Fuels:
    0.39%
  • Gambling:
    0.00%
  • GMOs:
    0.22%
  • Human Rights & Environmental Violations:
    0.28%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.08%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 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.

In their own words: "The objective of the Stepping Stones 36-45 years old investment option 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. The investment option has a medium to high level of volatility."

Download the fund's disclosure statement and portfolio holdings.

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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.