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Generate Stepping Stones Growth 65+

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Not Mindful
Type: Conservative fund
Past Returns: 4.30%

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

Annual Fees: 1.23%

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.

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 FND16900
Name Generate Stepping Stones Growth 65+
Risk profile Conservative fund
Description The objective of the Stepping Stones Growth 65+ years old investment option is to provide a conservative investment return through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets. The Investment option has a low to medium level of volatility.
Value $600k NZD
Members 16
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 Sept. 6th 2016
Three-year average return 4.30%
Market index past year return 5.92%
Past year return net of charges and tax 2.75%
Past year return net of charges gross of tax 3.48%
Market index return since fund started 6.38%
Return since fund started net 4.03%
Total annual fund fees 1.23%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.23%
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 1.07% 1.56%
2019 4.40% 6.81%
2018 3.80% 4.53%

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 On Call Cash Account
    New Zealand Cash and Equivalents A1
    6.3%
  • Genesis Mar 2023 Bonds
    New Zealand NZ Fixed Interest BBB+
    3.32%
  • Berkshire Hathaway
    United States International Equities
    3.09%
  • Tr Group 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.93%
  • Infratil
    New Zealand Australasian Equities
    2.91%
  • Vector Energy Mar 2024 Bonds
    New Zealand NZ Fixed Interest BBB
    2.81%
  • Argosy Mar 2026 Green Bonds
    New Zealand NZ Fixed Interest UNRATED
    2.77%
  • Westpac Term Deposit 1.96% Mar 2023
    New Zealand NZ Fixed Interest AA-
    2.25%
  • Alibaba Group Holdings
    China International Equities
    2.18%
  • Chorus May 2021 Bonds
    New Zealand NZ Fixed Interest BBB
    2.05%

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% 7.94%
New Zealand Fixed Interest 62.5% 62.73%
International Fixed Interest 0.0% 0.0%
Australasian Equities 10.0% 10.72%
International Equities 12.5% 11.88%
Listed Properties 10.0% 6.73%
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:
    0.00%
  • 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 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 Growth 65+ years old investment option is to provide a conservative investment return through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets. The Investment option has a low to medium 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.