Funds
Generate Australasian Managed Fund
Fund type: Aggressive fund
Past Returns: *12.26%Annual Fees: 1.29%
Issues of concern
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.
Key:
- Human Rights Violations
- Environmental Harm
- Animal Cruelty
- Weapons
- Fossil Fuels
- Social Harm
Companies of concern
Fossil Fuels
-
Contact Energy Ltd. 6.70%
1.5°C
This company is on a 1.5°C pathway
Fossil Fuel Power Generation
Where companies source their power generation from fossil fuels (oil, natural gas, coal) to generate electricity.
CONTACT ENERGY LTD. Fossil Fuel Power Generation
Contact Energy is one of Aotearoa New Zealand’s largest electric utilities companies. Contact operates three thermal power stations that employ gas and diesel. In FY2023, 7% of the energy Contact generated came from thermal generation. However, Contact has announced plans for further investment in renewable generation. This includes NZD 1.2 billion in geothermal power, by constructing a new station and expanding capacity at an existing station, along with early developments in wind and solar generation. Therefore, the company is considered to be on a climate change pathway aligned with 1.5°C of global temperature rise.
-
Contact Energy Ltd. 6.70%
1.5°C
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 2024 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.
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 | $202k NZD |
| Period of data report | 30th Sept. 2024 |
| Fund started | 3rd July 2023 |
| Total annual fund fees | 1.29% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.26% |
| Other management and administration charges | 0.03% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Sam Goldwater |
Currently: Chief Investment Officer/Investment Committee Member/Executive Director (11 years, 6 months) |
|
Daniel Frost |
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (6 years, 8 months) |
|
Andrew Bolland |
Currently: Portolio Manager - Property & Infrastructure, Australasian Equities (5 years, 3 months) |
|
Ayrton Oliver |
Currently: Portfolio Manager - Fixed Income (3 years, 6 months) |
|
Nathan Field |
Currently: Portfolio Manager - Global Equities (1 years, 7 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.
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 |
|---|
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 30th Sept. 2024.
Top 10 Investments
-
Infratil
New Zealand Australasian Equities10.86% -
Fisher & Paykel Healthcare Ltd
New Zealand Australasian Equities10.34% -
Contact Energy
New Zealand Australasian Equities6.7% -
Spark
New Zealand Australasian Equities5.67% -
Auckland International Airport Ltd
New Zealand Australasian Equities5.39% -
Precinct Properties NZ
New Zealand Listed Property4.23% -
Chorus
New Zealand Australasian Equities4.12% -
Goodman Property Trust
New Zealand Listed Property3.88% -
Ebos Group
New Zealand Australasian Equities3.71% -
Arvida Group
New Zealand Australasian Equities3.68%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 2.0% | 1.62% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 49.0% | 72.24% |
| International Equities | 0.0% | 0.0% |
| Listed Properties | 49.0% | 25.26% |
| Unlisted Properties | 0.0% | 0.88% |
| Other | 0.0% | 0.0% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2024.