Generate Investment Management Limited
Focused Growth Fund
Generate KiwiSaver SchemeAggressive
What the provider says about this fund
The Focused Growth Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio made up predominantly of growth assets with a minor allocation to income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.
1-year return
8.77%
5-year return p.a.
6.41%
Total annual fee
1.39%
Fund size ($m)
4613.1
Members
114,124
Inception date
16 April 2013
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
97.46%
Income assets
2.54%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 25.33% | 27.00% | 28.28% |
| Cash and equivalents | 2.52% | 5.00% | 1.31% |
| International shares | 66.07% | 65.00% | 59.89% |
| Listed property | 5.75% | 3.00% | 8.08% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Nvidia | Shares | International Equities | US | 5.95% |
| 2 | Te Ahumairangi Global Equity Fund | Shares | International Equities | NZ | 4.79% |
| 3 | Microsoft Corp | Shares | International Equities | US | 4.54% |
| 4 | Amazon.Com Inc | Shares | International Equities | US | 4.11% |
| 5 | Infratil Ltd | Shares | Australasian Equities | NZ | 3.32% |
| 6 | Fisher & Paykel Healthcare Ltd | Shares | Australasian Equities | NZ | 3.18% |
| 7 | Meta Platforms Inc | Shares | International Equities | US | 3.06% |
| 8 | Alphabet Inc Class A | Shares | International Equities | US | 2.96% |
| 9 | Apple Inc | Shares | International Equities | US | 2.56% |
| 10 | ASB NZ Dollar Cash Account | Cash | Cash and Cash Equivalents | NZ | 2.11% |
Fees
1.39% 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 | 0.11% | $33 | 0.08% |
| Membership fees | 0.12% | $36 | 0.05% |
| Total combined fees | 1.39% | $417 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2017 | 7.74% | 11.18% |
| 31 March 2018 | 13.40% | 6.93% |
| 31 March 2019 | 8.68% | 9.96% |
| 31 March 2020 | -0.19% | -6.59% |
| 31 March 2021 | 27.93% | 35.19% |
| 31 March 2022 | -0.50% | 3.36% |
| 31 March 2023 | -3.81% | -4.50% |
| 31 March 2024 | 24.69% | 16.43% |
| 31 March 2025 | 5.10% | 4.58% |
| 31 March 2026 | 8.77% | 12.72% |
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 |