Generate Growth Fund
Growth Fund is a growth KiwiSaver fund managed by Generate. It has 52,361 members and holds $2.1 billion. It opened in 2013.
Fees and returns
- Annual fee
- 1.25% of your balance each year
- Return over 1 year
- +7.2% a year
- Return over 3 years
- +10.2% a year
- Return over 5 years
- +5.5% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
How it compares
Over the last five years this fund returned +5.5% a year. The median for mainstream growth funds over the same period was +5.0% a year, across 28 funds. This fund is ahead of that median, by 0.5 percentage points.
What it invests in
International equities 51%, australasian equities 25%, new zealand fixed interest 12%, listed property 6%.
Largest holdings
- Nvidia 4.64%
- Te Ahumairangi Global Equity Fund 3.7%
- Microsoft Corp 3.54%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +7.2% |
| 2024/25 | +4.6% |
| 2023/24 | +19.4% |
| 2022/23 | −3.1% |
| 2021/22 | +0.8% |
| 2020/21 | +25.7% |
| 2019/20 | −1.3% |
| 2018/19 | +9.4% |
| 2017/18 | +10.8% |
| 2016/17 | +5.8% |
About this fund
The Generate Growth Fund is an actively managed growth fund invested largely in growth assets — international shares, Australasian shares and listed property — with a small income allocation. It has an annual fund charge of 1.25%.