Generate Investment Management Limited
Australasian Fund
Generate KiwiSaver SchemeAggressive
What the provider says about this fund
The Australasian Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets located predominantly in New Zealand and Australia with a very minor allocation of income assets. Volatility is likely to be medium to high. Returns will vary and may be low or negative at times.
5-year return p.a.
5.59%
Total annual fee
1.31%
Fund size ($m)
5.7
Members
320
Inception date
30 April 2025
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
96.48%
Income assets
3.52%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 76.59% | 88.20% | 28.28% |
| Cash and equivalents | 3.52% | 2.00% | 1.31% |
| Listed property | 18.87% | 9.80% | 8.08% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 10.42% |
| 2 | Infratil Ltd | Shares | Australasian Equities | NZ | 8.37% |
| 3 | Contact Energy Ltd | Shares | Australasian Equities | NZ | 6.76% |
| 4 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 5.00% |
| 5 | Goodman Group | Property | Listed Property | AU | 4.26% |
| 6 | Meridian Energy Ltd | Shares | Australasian Equities | NZ | 3.49% |
| 7 | A2 Milk Ltd | Shares | Australasian Equities | NZ | 3.26% |
| 8 | Spark Ltd | Shares | Australasian Equities | NZ | 3.23% |
| 9 | Chorus Ltd | Shares | Australasian Equities | NZ | 3.15% |
| 10 | Commonwealth Bank of Australia | Shares | Australasian Equities | AU | 3.02% |
Fees
1.31% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.16% | $348 | 0.71% |
| Other fees | 0.03% | $9 | 0.08% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.31% | $393 | 0.85% |
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 |