Generate Growth Fund

Switch to this fund »

Mindful Fund

Fund type: Growth fund

Past Returns: 8.42%

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

Annual Fees: 1.34%

Annual fees, including management and administration fees, but not membership 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.


Weapons

Airbus 0.04%
Amphenol 0.03%
Safran SA 0.05%
Teledyne Technologies 0.03%

Gambling

Adult Entertainment/Pornography

Live Nation Entertainment 0.02%

Alcohol

Diageo PLC 0.14%
Masan 0.06%
United Spirits 0.03%

Human Rights & Environmental Violations

Bayer 0.02%
Nestle SA 0.16%
Uber Technologies Inc 0.67%

Animal Testing

Albemarle 0.02%
Avantor 0.02%
Bayer 0.02%
Estee Lauder 0.02%
Koninklijke Dsm 0.03%
Linde 0.05%
Nestle SA 0.16%
Nutrien 0.02%
Pepsico Inc 0.19%
Procter & Gamble 0.15%
Reckitt Benckiser Group 0.15%
Sherwin-Williams 0.02%
Symrise 0.03%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

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
2022 1.87% 0.82%
2021 27.41% 25.71%
2020 -3.40% -1.27%
2019 6.95% 9.38%
2018 7.80% 10.75%
2017 9.24% 5.83%
2016 3.62% 6.1%
2015 13.73% 16.72%

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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • Infratil
    New Zealand Australasian Equities
    6.61%
  • T Rowe Price Global Equity Fund
    Australia International Equities
    6.0%
  • ASB NZ Dollar Cash Account
    New Zealand Cash and Equivalents A1
    4.55%
  • Magellan Global Fund
    Australia International Equities
    3.64%
  • Spark
    New Zealand Australasian Equities
    3.11%
  • Contact Energy
    New Zealand Australasian Equities
    3.01%
  • Berkshire Hathaway
    United States International Equities
    2.99%
  • Worldwide Healthcare Trust
    United Kingdom International Equities
    2.8%
  • Arvida Group
    New Zealand Listed Property
    2.66%
  • Alphabet
    United States International Equities
    2.44%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Thu March 31st 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 4.44%
New Zealand Fixed Interest 12.5% 12.62%
International Fixed Interest 0.0% 1.19%
Australasian Equities 20.0% 27.48%
International Equities 42.5% 42.51%
Listed Properties 20.0% 11.43%
Unlisted Properties 0.0% 0.33%
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 Thu March 31st 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible 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:
    0.02%
  • Alcohol:
    0.24%
  • Animal Testing:
    0.88%
  • Fossil Fuels:
    0.00%
  • Gambling:
    0.01%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.85%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.16%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Thu March 31st 2022 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, Sustainalytics and research organisations.

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

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, Australasian equities and International Equities Managers. The fund has a medium level of volatility. Generate is an award-winning New Zealand owned KiwiSaver and wealth manager, with a track record of strong long-term performance through responsible investments. We are ‘active’ fund managers, which means we research and choose what we think are the best investments in New Zealand and globally and then we keep on top of them, every day."

Value $1.2B NZD
Period of data report Thu March 31st 2022
Members 54,669
Fund started Tue April 16th 2013
Total annual fund fees 1.34%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.34%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Lead Portfolio Manager/Investment Committee Member/Executive Director (9 years, 0 months)
Previously: Led the investment management of a sizeable portfolio of family assets (7 years, 5 months)

Daniel Frost

Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (4 years, 2 months)
Previously: Senior Analyst, Macquarie Bank (5 years, 4 months)

Andrew Bolland

Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (2 years, 8 months)
Previously: Senior Analyst/Associate Portfolio Manager, Salt Funds Management (6 years, 2 months)

Ayrton Oliver

Currently: Portfolio Manager - Fixed Income (0 years, 11 months)
Previously: Vice President, JP Morgan Chief Investment Office, International Rates and FX Portfolio Management (7 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Thu March 31st 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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 invested. 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 Markets Conduct Act 2013 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.