Generate Investment Management Limited
Stepping Stones Growth 61-75
Generate KiwiSaver SchemeBalanced
What the provider says about this fund
The Stepping Stones Growth 61-75 years old investment option aims to provide a modest to medium return over the short to medium term. It invests in an actively managed portfolio made up of slightly more income assets than growth assets. Volatility is likely to be low to medium. Returns will vary and may be low or negative at times.
1-year return
4.74%
5-year return p.a.
3.77%
Total annual fee
1.26%
Fund size ($m)
30.0
Members
435
Inception date
16 May 2022
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Investment mix
Growth assets
40.05%
Income assets
59.95%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 11.63% | 13.50% | 13.93% |
| Cash and equivalents | 6.61% | 5.00% | 7.91% |
| International bonds | 11.27% | 19.25% | 19.39% |
| International shares | 25.40% | 25.00% | 35.53% |
| Listed property | 2.87% | 1.50% | 2.24% |
| New Zealand bonds | 42.07% | 35.75% | 18.91% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | ASB NZ Dollar Cash Account | Cash | Cash and Cash Equivalents | NZ | 3.35% |
| 2 | Nvidia | Shares | International Equities | US | 2.48% |
| 3 | HOUSNZ Apr 2030 bonds | Bonds | New Zealand Fixed Interest | NZ | 2.35% |
| 4 | Microsoft Corp | Shares | International Equities | US | 1.95% |
| 5 | Amazon.Com Inc | Shares | International Equities | US | 1.78% |
| 6 | HOUSNZ Sep 2035 bonds | Bonds | New Zealand Fixed Interest | NZ | 1.71% |
| 7 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 1.58% |
| 8 | Meta Platforms Inc | Shares | International Equities | US | 1.36% |
| 9 | Alphabet Inc Class A | Shares | International Equities | US | 1.33% |
| 10 | Infratil Ltd | Shares | Australasian Equities | NZ | 1.27% |
Fees
1.26% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.11% | $333 | 0.77% |
| Other fees | 0.03% | $9 | 0.09% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.26% | $378 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2024 | 9.91% | 10.89% |
| 31 March 2025 | 4.04% | 4.36% |
| 31 March 2026 | 4.74% | 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 |