Generate Focused Growth Fund

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Type: Aggressive fund
Past Returns: 12.14%

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

Annual Fees: 1.52%

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.


Fossil Fuel

Eog Resources 0.02%
Galp Energia Sgps 0.02%
Glencore PLC 0.22%

Weapons

Amphenol 0.03%
Teledyne Technologies 0.06%

Gambling

Galaxy Entertainment 0.03%

Alcohol

China Resources Beer Holdings 0.03%
LVMH Moet Hennessy Louis Vuitton 0.09%
Masan 0.05%
United Spirits 0.04%

Human Rights & Environmental Violations

Glencore PLC 0.22%
Nestle SA 0.20%
Sempra Energy 0.07%

Animal Testing

Albemarle 0.040%
Clorox 0.050%
Estee Lauder 0.040%
Estee Lauder - Class A Shares 0.110%
Koninklijke Dsm 0.040%
LVMH Moet Hennessy Louis Vuitton 0.100%
Linde 0.070%
Nestle SA 0.200%
Pepsico Inc 0.250%
Reckitt Benckiser Group 0.260%
Symrise 0.070%
Unilever 0.060%
Unilever Indonesia 0.020%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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
2021 35.08% 27.93%
2020 -6.18% -0.19%
2019 9.46% 8.68%
2018 6.55% 13.4%
2017 10.40% 7.74%
2016 4.51% 3.94%
2015 15.30% 18.95%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • Berkshire Hathaway
    United States International Equities
    10.41%
  • T Rowe Price Global Equity Fund
    Australia Fund
    9.42%
  • Platinum International Fund - A Class
    Australia Fund
    7.19%
  • Infratil
    New Zealand Australasian Equities
    5.37%
  • Magellan Global Fund
    Australia Fund
    5.16%
  • Worldwide Healthcare Trust
    United Kingdom Fund
    5.1%
  • ASB NZ Dollar Cash Account
    New Zealand Cash and Equivalents A1
    4.5%
  • Alphabet
    United States International Equities
    3.58%
  • Novartis
    Switzerland International Equities
    3.33%
  • Ping An Insurance Group
    China International Equities
    3.26%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed March 31st 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 3.92%
New Zealand Fixed Interest 0.0% 1.1%
International Fixed Interest 0.0% 0.0%
Australasian Equities 15.0% 18.44%
International Equities 65.0% 66.47%
Listed Properties 15.0% 9.88%
Unlisted Properties 0.0% 0.19%
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 Wed March 31st 2021.

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:
    0.00%
  • Alcohol:
    0.21%
  • Animal Testing:
    1.31%
  • Fossil Fuels:
    0.27%
  • Gambling:
    0.03%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.51%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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 Focused 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. The fund has a medium to high level of volatility."

Value $1.3B NZD
Period of data report Wed March 31st 2021
Members 58,579
Fund started Tue April 16th 2013
Total annual fund fees 1.52%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Other management and administration charges 0.52%
Total other charges 36.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Portfolio Manager/Investment Committee Member/Executive Director (8 years, 0 months)
Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

Henry Tongue

Currently: Chief Executive Officer/Investment Committee Member/Director (8 years, 0 months)
Previously: Senior Portfolio Manager - Huljich Wealth Management (previous) (4 years, 3 months)

Peter Brook

Currently: Investment Committee Chair/Director (8 years, 0 months)
Previously: Board Member of Trust Investments Management (current) (16 years, 10 months)

Nick Bowden

Currently: Investment Committee Member (4 years, 7 months)
Previously: Director of family investment office (current) (2 years, 0 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed March 31st 2021.

Downloads

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.