Funds

This is a Mindful fund Generate Australasian Managed Fund

Total Ethical Concerns: 7.89%

The average total concerns of all managed aggressive funds is 12.02%.

Companies of Concern

  • Social Harm 0.46%

  • Fossil Fuels 7.42%

    • Contact Energy Ltd.
      7.42%
      1.5°C
      This company is on a 1.5°C pathway
      7.42%

From the Fund Provider

  • About this fund

    About this Fund

    In their own words

    The Australasian Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.

    Generate is an award-winning KiwiSaver and wealth provider with a track record of strong, long-term performance through responsible investment. Generate was awarded both Investor Choice and Adviser Choice Awards at the Research IP Funds Manager of the year awards 2022 and also received a Consumer NZ People’s Choice Award for KiwiSaver.

    Value $245k NZD
    Period of data report 31st March 2025
    Fund started 3rd July 2023
    Total annual fund fees 1.14%
    Total performance based fees 0.0%
    Manager's basic fee 1.08%
    Other management and administration charges 0.06%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Sam Goldwater

    Currently: Chief Investment Officer/Investment Committee Member/Executive Director (12 years, 0 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (7 years, 5 months)

    Ayrton Oliver

    Currently: Portfolio Manager - Fixed Income (4 years, 0 months)
    Previously: Vice President, JP Morgan Chief Investment Office, International Rates and FX Portfolio Management (7 years, 0 months)

    Nathan Field

    Currently: Portfolio Manager - Global Equities (2 years, 1 months)
    Previously: Portfolio Manager, Global Thematic Fund, Kiwi Wealth (13 years, 0 months)

    Daniel Frost

    Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (7 years, 2 months)
    Previously: Senior Analyst, Macquarie Bank (5 years, 4 months)

    Andrew Bolland

    Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (5 years, 9 months)
    Previously: Senior Analyst/Associate Portfolio Manager, Salt Funds Management (6 years, 2 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

  • Past Returns

    Past Returns

    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
    2025 4.07% -0.31%

    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 fund has filed with Disclose register to 31st March 2025.

  • Investments

    Top 10 Investments

    • Fisher & Paykel Healthcare Ltd

      New Zealand Australasian Equities

      11.76%

    • Infratil

      New Zealand Australasian Equities

      9.06%

    • Contact Energy

      New Zealand Australasian Equities

      7.42%

    • Auckland International Airport Ltd

      New Zealand Australasian Equities

      6.63%

    • Spark

      New Zealand Australasian Equities

      4.45%

    • Ebos Group

      New Zealand Australasian Equities

      4.11%

    • A2 Milk

      New Zealand Australasian Equities

      3.9%

    • Precinct Properties NZ

      New Zealand Listed Property

      3.69%

    • Chorus

      New Zealand Australasian Equities

      3.68%

    • Meridian Energy

      New Zealand Australasian Equities

      3.66%
    Type Target Actual
    Cash and Cash Equivalents 2.0% 2.88%
    New Zealand Fixed Interest 0.0% 0.0%
    International Fixed Interest 0.0% 0.0%
    Australasian Equities 49.0% 74.61%
    International Equities 0.0% 0.0%
    Listed Properties 49.0% 21.54%
    Unlisted Properties 0.0% 0.97%
    Other 0.0% 0.0%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.

Issues of Concern

  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.46% Social Harm
  • 7.42% Fossil Fuels
  • 0.0% Weapons
  • 0.0% Environmental Harm

Companies of Concern

  • Fossil Fuels

    • Contact Energy Ltd.
      7.42%
      1.5°C
      This company is on a 1.5°C pathway
      7.42%

About this Fund

In their own words

The Australasian Managed Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets located predominately in New Zealand and Australia with a very minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.

Generate is an award-winning KiwiSaver and wealth provider with a track record of strong, long-term performance through responsible investment. Generate was awarded both Investor Choice and Adviser Choice Awards at the Research IP Funds Manager of the year awards 2022 and also received a Consumer NZ People’s Choice Award for KiwiSaver.

Value $245k NZD
Period of data report 31st March 2025
Fund started 3rd July 2023
Total annual fund fees 1.14%
Total performance based fees 0.0%
Manager's basic fee 1.08%
Other management and administration charges 0.06%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Chief Investment Officer/Investment Committee Member/Executive Director (12 years, 0 months)
Previously: Led the investment management of a sizeable portfolio of family assets (7 years, 5 months)

Ayrton Oliver

Currently: Portfolio Manager - Fixed Income (4 years, 0 months)
Previously: Vice President, JP Morgan Chief Investment Office, International Rates and FX Portfolio Management (7 years, 0 months)

Nathan Field

Currently: Portfolio Manager - Global Equities (2 years, 1 months)
Previously: Portfolio Manager, Global Thematic Fund, Kiwi Wealth (13 years, 0 months)

Daniel Frost

Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (7 years, 2 months)
Previously: Senior Analyst, Macquarie Bank (5 years, 4 months)

Andrew Bolland

Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (5 years, 9 months)
Previously: Senior Analyst/Associate Portfolio Manager, Salt Funds Management (6 years, 2 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

Past Returns

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
2025 4.07% -0.31%

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 fund has filed with Disclose register to 31st March 2025.

Top 10 Investments

  • Fisher & Paykel Healthcare Ltd

    New Zealand Australasian Equities

    11.76%

  • Infratil

    New Zealand Australasian Equities

    9.06%

  • Contact Energy

    New Zealand Australasian Equities

    7.42%

  • Auckland International Airport Ltd

    New Zealand Australasian Equities

    6.63%

  • Spark

    New Zealand Australasian Equities

    4.45%

  • Ebos Group

    New Zealand Australasian Equities

    4.11%

  • A2 Milk

    New Zealand Australasian Equities

    3.9%

  • Precinct Properties NZ

    New Zealand Listed Property

    3.69%

  • Chorus

    New Zealand Australasian Equities

    3.68%

  • Meridian Energy

    New Zealand Australasian Equities

    3.66%
Type Target Actual
Cash and Cash Equivalents 2.0% 2.88%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 49.0% 74.61%
International Equities 0.0% 0.0%
Listed Properties 49.0% 21.54%
Unlisted Properties 0.0% 0.97%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st March 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 31st March 2025 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.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

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.