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GENERATE KIWISAVER SCHEME

STEPPING STONES 0-35

Generate Investment Management Limited

Growth fund type

Here's what the provider says about this fund:

The objective of the Stepping Stones A investment option is to provide a growth investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International Equities Managers. The investment option has a medium level of volatility.

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
1.78%
vs
Average
1.32%

The combined fees are how much you would have been charged for the year ended 31 March 2019 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$36.00
Average
$31.88

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
1.57%
Average
1.13%
Annual management fee
1.00%
0.98%
Performance-based fees
0.00%
0.02%
Other fees and costs
0.57%
0.14%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a growth fund of $17,000 the annual fees would be approximately:

This fund
$302.90
Average
$224.40

Services

From the May 2019 KiwiSaver provider survey

This fund
91%
vs
Average
81%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
87%
Average
77%

Communications to members

93%
84%

Other services

93%
82%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since July 2014

This fund
10.65%
vs
Average
8.46%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

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Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
8.35%
Average
6.00%

April 2018 - March 2019

9.03%
6.53%

April 2017 - March 2018

12.08%
7.07%

April 2016 - March 2017

6.79%
6.54%

April 2015 - March 2016

5.02%
2.77%

April 2014 - March 2015

17.84%
9.30%

The last twelve months refers to July 2018 to June 2019.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Growth fund type

Which is the right type for me?

What’s in this fund

At 31 March 2019

This shows the actual mix of investments that this fund held on 31 March 2019. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

 

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 10.1 10.73 10.68 68.49 0

Fund information

Number of members
3,039
Total value of fund
$26,219,311
Date fund started
16 Apr 2013

More information

More information can be found at:

www.generatekiwisaver.co.nz

Top 10 investments

These assets make up 57.05% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
AU 6.17 Platinum International Fund
International equities US 8.4 Berkshire Hathaway
AU 6.34 T Rowe Price Global Equity Fund
AU 6.3 Magellan Global Fund
Australasian equities NZ 6.14 Infratil
Australasian equities NZ 5.13 Contact Energy
Australasian equities NZ 4.87 Mercury Energy
Australasian equities NZ 2.98 Z Energy
GB 3.27 Worldwide Healthcare Trust
Cash and cash equivalents NZ 7.45 Asb On Call Cash Account

Key personnel

Key personnel
Name Current position Time in role
Sam Goldwater Portfolio Manager / Investment Committee Member / Executive Director 6 years, 3 months
Henry Tongue Chief Executive Officer / Investment Committee Member / Director 6 years, 3 months
Peter Brook Investment Committee Chair / Director 6 years, 3 months
Nick Bowden Investment Committee Member 2 years, 10 months