Generate Stepping Stones 46-55
Stepping Stones 46-55 is a balanced KiwiSaver fund managed by Generate. It has 1,510 members and holds $73 million. It opened in 2013.
Fees and returns
- Annual fee
- 1.24% of your balance each year
- Return over 1 year
- +6.2% a year
- Return over 3 years
- +8.0% a year
- Return over 5 years
- +4.3% a year
Figures are after fees and tax, as at Q3 2026, sourced from the FMA Disclose Register.
What it invests in
International equities 41%, new zealand fixed interest 26%, australasian equities 17%, international fixed interest 7%.
Largest holdings
- Nvidia 3.72%
- Te Ahumairangi Global Equity Fund 2.92%
- Microsoft Corp 2.84%
Year by year
| Financial year | Return |
|---|---|
| 2025/26 | +6.2% |
| 2024/25 | +4.1% |
| 2023/24 | +13.7% |
| 2022/23 | −1.9% |
| 2021/22 | +0.1% |
| 2020/21 | +17.5% |
| 2019/20 | +0.6% |
| 2018/19 | +7.7% |
| 2017/18 | +7.6% |
| 2016/17 | +3.8% |
About this fund
Generate Stepping Stones 46–55 is a lifecycle option that automatically adjusts your fund mix as you age. For this age band it uses the Generate Balanced portfolio — a growth-leaning balanced mix, actively managed. It has an annual fund charge of 1.24%.