Generate Investment Management Limited
Balanced Fund
Generate KiwiSaver SchemeBalanced
What the provider says about this fund
The Balanced Fund aims to provide a medium return over the medium term. It invests in an actively managed portfolio made up of slightly more growth assets than income assets. Volatility is likely to be medium to high. Returns will vary and may be low or negative at times.
1-year return
6.23%
5-year return p.a.
3.77%
Total annual fee
1.36%
Fund size ($m)
430.3
Members
10,527
Inception date
16 May 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
62.11%
Income assets
37.89%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 16.85% | 18.00% | 13.93% |
| Cash and equivalents | 4.36% | 5.00% | 7.91% |
| International bonds | 7.08% | 12.25% | 19.39% |
| International shares | 41.20% | 40.00% | 35.53% |
| Listed property | 3.85% | 2.00% | 2.24% |
| New Zealand bonds | 26.45% | 22.75% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Nvidia | Shares | International Equities | US | 3.72% |
| 2 | Te Ahumairangi Global Equity Fund | Shares | International Equities | NZ | 2.92% |
| 3 | Microsoft Corp | Shares | International Equities | US | 2.84% |
| 4 | Amazon.Com Inc | Shares | International Equities | US | 2.57% |
| 5 | Infratil Ltd | Shares | Australasian Equities | NZ | 2.18% |
| 6 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 2.13% |
| 7 | Meta Platforms Inc | Shares | International Equities | US | 1.92% |
| 8 | ASB NZ Dollar Cash Account | Cash | Cash and Cash Equivalents | NZ | 1.86% |
| 9 | Alphabet Inc Class A | Shares | International Equities | US | 1.85% |
| 10 | Apple Inc | Shares | International Equities | US | 1.60% |
Fees
1.36% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.16% | $348 | 0.77% |
| Other fees | 0.08% | $24 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.36% | $408 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2024 | 13.74% | 10.89% |
| 31 March 2025 | 4.13% | 4.36% |
| 31 March 2026 | 6.23% | 6.36% |
Key personnel
| Name | Position | Time in role |
|---|---|---|
| Andrew Bolland | Portfolio Manager - Property & Infrastructure, Australasian Equities | 6 years, 9 months |
| Ayrton Oliver | Portfolio Manager - Fixed Income | 5 years |
| Daniel Frost | Portfolio Manager - Property & Infrastructure, Australasian Equities | 8 years, 2 months |
| Nathan Field | Portfolio Manager - Global Equities | 3 years, 1 month |
| Sam Goldwater | Chief Investment Officer/Investment Committee Member/Executive Director | 13 years |