Generate Stepping Stones Growth 51-55
Stepping Stones Growth 51-55 is a growth KiwiSaver fund managed by Generate. It has 589 members and holds $37 million. It opened in 2016.
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.
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 | −2.3% |
| 2021/22 | +0.1% |
| 2020/21 | +22.2% |
| 2019/20 | 0.0% |
| 2018/19 | +8.4% |
| 2017/18 | +9.8% |
About this fund
Generate Stepping Stones Growth 51–55 is a lifecycle option in Generate's longer-growth pathway. For this age band it uses the Generate Growth portfolio — largely growth assets, actively managed. It has an annual fund charge of 1.25%.