- Provider website
- Fund start date
16 April 2013
Mix help
80.00%
Growth assets (shares, property, other)
20.00%
Income assets (bonds, cash)
77.45%
Growth assets average
Average
22.55%
Income assets average
This is the actual mix of growth assets (shares, property) and income assets (bonds, cash) that this fund held on 31 March 2025. The average mix for growth KiwiSaver funds is in grey.
Fees help
1.39%
Average 1.15%
Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. Compare with the average fees for growth KiwiSaver funds (in grey).
Returns help
8.94%
Average 8.17%
Returns (in green) show how much this fund has grown in value in five years up to 31 March 2025 – after fees and taxes. Compare with the average growth KiwiSaver fund (in grey).
Key facts
Here is what the provider says about this managed fund
“ The Growth Fund aims to provide a high return over the medium to long term. It invests in an actively managed portfolio made up largely of growth assets with a small allocation to income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times. ”
When can you get your money out?
This is a KiwiSaver fund, which means generally you can withdraw only to purchase a first home, after the age of 65 or in cases of financial hardship.
Mix
80.00%
Growth assets (shares, property, other)
20.00%
Income assets (bonds, cash)
77.45%
Growth assets average
Average
of all growth KiwiSaver funds
22.55%
Income assets average
This is a snapshot of the proportion of growth assets (shares, property, other) or income assets (cash, bonds) that this fund held on 31 March 2025.
You can also see the average for Growth funds, which typically hold from 63% to 90% of growth assets.
This fund's asset mix
- Growth assets
- Income assets
- ASSET TYPE
- THIS FUND
- AVERAGE OF ALL GROWTH KIWISAVER FUNDS
73.10%
73.10%
70.49%
70.49%
6.90%
6.90%
4.17%
4.17%
0.00%
0.00%
2.78%
2.78%
15.15%
15.15%
16.10%
16.10%
4.85%
4.85%
6.45%
6.45%
Top 10 investments
These assets make up 29.22% of this fund.
| Asset | Asset class | Type | Country | % of Fund |
|---|---|---|---|---|
| T ROWE PRICE GLOBAL EQUITY FUND | Shares | International equities | AU | 4.35% |
| ASB NZ DOLLAR CASH ACCOUNT | Cash | Cash and equivalents | NZ | 4.07% |
| FISHER & PAYKEL HEALTHCARE LTD | Shares | Australasian equities | NZ | 3.60% |
| INFRATIL | Shares | Australasian equities | NZ | 3.19% |
| AMAZON.COM | Shares | International equities | US | 2.70% |
| NVIDIA | Shares | International equities | US | 2.52% |
| TE AHUMAIRANGI GLOBAL EQUITY FUND | Shares | International equities | NZ | 2.51% |
| CONTACT ENERGY | Shares | Australasian equities | NZ | 2.28% |
| AUCKLAND INTERNATIONAL AIRPORT LTD | Shares | Australasian equities | NZ | 2.03% |
| META PLATFORMS | Shares | International equities | US | 1.97% |
Full list of investments this fund holds
KS Growth.xlsx
A complete list of the fund's holdings
Fees
1.39%
This fund
1.15%
Average growth KiwiSaver funds
1.39%
Average 1.15%
Fees shown here (in purple) are based on what you would pay over a year if you had $30,000 in this fund. You can compare these with fees for the average growth KiwiSaver fund (in grey).
Fees breakdown
Here's a breakdown of the different charges in this fund (in purple), compared to the average growth KiwiSaver fund (in grey).
| Fee Type | % Over a Year | Amount Paid on a 30K Balance |
|---|---|---|
ManagementThis fee is charged to you by the fund manager on the fund or an underlying fund, and is based on a percentage of your balance. | 1.16% AVG: 0.95% | $348.00 AVG: $283.70 |
OtherThis is a summary of other potential costs not covered in the categories displayed. | 0.11% AVG: 0.14% | $33.00 AVG: $42.08 |
Performance-basedThese fees are based on the performance of the fund or underlying fund. When the fund performs well, these will be higher. | None AVG: 0.01% | $0.00 AVG: $3.75 |
MembershipYou pay this membership charge (a flat fee) each year, regardless of your balance or the fund's performance. | 0.12% AVG: 0.05% | $36.00 AVG: $15.71 |
Total combined feesThese are a total of management and administration charges and performance-based fees over a year. They do not necessarily include fees for activities like transferring or withdrawing. | 1.39% AVG: 1.15% | $417.00 AVG: $345.24 |
Returns
8.94%
This fund
8.17%
Average growth KiwiSaver funds
8.94%
Average 8.17%
For the past five years, this fund returned this average each year to investors (in green). This was after fees and taxes (28% PIR) were taken out. To compare, you can see the average return over the same time for all growth KiwiSaver funds (in grey).
Yearly returns
These annual returns (in green) were for the 12 months up to 31 March 2025. You can compare them to the average growth KiwiSaver fund (in grey).
March
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
This fund
6.10%
5.83%
10.75%
9.38%
-1.27%
25.71%
0.82%
-3.06%
19.42%
4.56%
Average
2.76%
8.38%
6.82%
6.97%
-3.29%
28.50%
2.04%
-3.64%
14.15%
3.66%
Risks
Specific risks for this fund
Chasing higher returns while investing always increases risks. Several kinds of risks, actually. It is important to evaluate whether the returns are worth it, whether you can cope, and whether this investment will in fact help you achieve your goals. Also, since the way an investment is structured can make it riskier, it's important to understand how it works.
You'll find the specific risks in the Risk section of the PDS, and here's more about understanding risk.
Generate KiwiSaver Scheme PDS 30-04-2025 (2).pdf
How this investment works, including about the provider, risks, costs and potential returns
Risk indicator
This is a gauge of how volatile this investment has been – how much it has gone up and down in value. It has been calculated based on the fund's five-year performance (or an appropriate market index if it has not been around that long).
The left side of this range of numbers indicates a Lower risk
The right side of this range of numbers indicates a Higher risk
- 1
- 2
- 3
- 4
- 5
- 6
- 7
The left side of this range of numbers indicates
Potentially
lower returns
The right side of this range numbers indicates
Potentially
higher
returns
Key documents
These are the most important documents that a provider is required to file about this investment.
Product disclosure statement
Before you invest in a product like a fund, you are given a PDS which has essential details about it and the company providing it. Here's more on how to read a PDS.
Generate KiwiSaver Scheme PDS 30-04-2025 (2).pdf
How this investment works, including about the provider, risks, costs and potential returns
Fund update (most recent)
This update from the provider lets you see much of the same information shown here in Smart Investor: how this fund is performing, what it costs and the investments it currently holds.
FU 2025 Q1 KS Growth.pdf
The quarterly update published by the provider
Complete asset portfolio
Browse through the complete list of investments held by this fund.
KS Growth.xlsx
A complete list of the fund's holdings
Additional disclosure documents
These are more documents from the provider that can contain interesting information.
Generate KS Other Material Information (OMI) 30.09.18.pdf
Generate KS Responsible Investment Policy 30.09.18.pdf
Generate KS OMI (Other Material Information) 31.08.19.pdf
Generate KS OMI 20.09.19.PDF
Generate KS Responsible Investment Policy 20.09.19.pdf
Generate KS RI Policy 12.06.20.pdf
Generate KiwiSaver Scheme OMI 14.08.2020.pdf
Generate KS RI Policy 14.08.2020.pdf
Liquidity Policy 14.08.2020.pdf
Generate KS OMI 11-21.pdf
Generate KS OMI 05-2022.pdf
Generate KiwiSaver Scheme OMI 30-06-2023.pdf
Generate KiwiSaver SS Rebalancing - OMI notice.pdf
Generate KiwiSaver Scheme SS Rebalancing - OMI notice.pdf
Generate KiwiSaver Scheme OMI 30-04-2025.pdf
Statement of investment policy and objectives (SIPO)
A SIPO tells you where the fund managers are coming from. It sets out the governance and management framework, philosophy, strategies and objectives for this investment.
Generate KiwiSaver Scheme Statement of Investment Policy.pdf
Strategies and objectives for this investment
Key personnel
These are the directors and employees who have the most influence on investment decisions for this fund.
| Name | Current position | Time in role |
|---|---|---|
| SAM GOLDWATER | Chief Investment Officer/Investment Committee Member/Executive Director | 12 years, 0 months |
| DANIEL FROST | Portfolio Manager - Property & Infrastructure, Australasian Equities | 7 years, 2 months |
| ANDREW BOLLAND | Portfolio Manager - Property & Infrastructure, Australasian Equities | 5 years, 9 months |
| AYRTON OLIVER | Portfolio Manager - Fixed Income | 4 years, 0 months |
| NATHAN FIELD | Portfolio Manager - Global Equities | 2 years, 1 month |
Additional details
Manager details
Name
GENERATE INVESTMENT MANAGEMENT LIMITED
Type
NZ Limited Company
Website
NZBN
9429030374034
FSP Number
Supervisor
Name
PUBLIC TRUST
Fund details
Asset liquidity ratio help
96.95%
Total value of fund help
$1,801,206,382.00
Debt ratio help
0.26%
Continuous issue help
Yes
Default KiwiSaver help
No
Lifecycle option help
No
Multi-fund option help
No
Schedule 1 exemption help
No
FMA exemption help
No
Number of members
51,127
Reference numbers
Fund
FND927: GROWTH FUND
Offer
OFR10812: GENERATE KIWISAVER SCHEME
Scheme
SCH10791: GENERATE KIWISAVER SCHEME
Next steps
Want to know more about this investment or how it compares to others? Have a look at its peers.
Product disclosure statement
Take a deeper dive into the PDS, which has essential details about this offer and the company providing it. Here's more on how to read a PDS.
Fund update (most recent)
These are provided to members of the fund (usually once each quarter) to update them on its performance.
Getting investment advice
Good advice is gold. Everyone can benefit from expert advice, provided the adviser has your interests at heart. Here's how to find one and key questions to ask.
Interested in investing in this offer? Visit the provider's website. generatewealth.co.nz