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Generate KiwiSaver
Generate is a KiwiSaver provider that runs 21 KiwiSaver funds, has 226,465 members, manages $8.8 billion, or 6.4% of the KiwiSaver market.
About Generate
Generate is an independent, New Zealand-owned manager founded in 2012 and operating KiwiSaver funds since 2013. It has grown from a boutique active manager into one of the larger KiwiSaver providers, while keeping a high-conviction investment style across its actively managed funds. The range now spans cash through to focused growth, with age-based and single-sector options alongside the core diversified funds. Fees sit toward the higher end of the market, in line with its active-management approach.
Key facts
- Ownership
- NZ-owned
- KiwiSaver scheme established
- 2013
- Investment approach
- Active management
- KiwiSaver funds under management
- $8.8 billion (6.4% of the KiwiSaver market)
- Members
- 226,465
- Average member balance
- $38,786
- KiwiSaver funds offered
- 21
- Annual fee range
- 0.43% – 1.27%
Fund range by risk profile
- Defensive: 1 fund
- Conservative: 4 funds
- Balanced: 7 funds
- Growth: 3 funds
- Aggressive: 6 funds
How has Generate KiwiSaver performed?
Over the last 5 years, their highest-returning fund was the Focused Growth Fund, at +6.4% a year after fees and tax.
| Risk profile | Fund | Return |
|---|---|---|
| Defensive | Cashplus Fund | +2.5% |
| Conservative | Conservative Fund | +3.3% |
| Balanced | Balanced Fund | +6.2% |
| Growth | Growth Fund | +7.2% |
| Aggressive | Focused Growth Fund | +8.8% |
KiwiSaver funds offered by Generate
| Fund | Risk profile | Annual fee | 1 year | 5 years p.a. |
|---|---|---|---|---|
| Cashplus Fund | Defensive | 0.43% | +2.5% | Not reported |
| Conservative Fund | Conservative | 1.08% | +3.3% | Not reported |
| Stepping Stones 65-75 | Conservative | 1.11% | +4.0% | Not reported |
| Stepping Stones 76+ | Conservative | 1.08% | +3.3% | Not reported |
| Stepping Stones Growth 76+ | Conservative | 1.08% | +3.3% | Not reported |
| Balanced Fund | Balanced | 1.24% | +6.2% | Not reported |
| Moderate Fund | Balanced | 1.14% | +4.7% | +3.5% |
| Stepping Stones 46-55 | Balanced | 1.24% | +6.2% | +4.3% |
| Stepping Stones 56-60 | Balanced | 1.19% | +5.5% | +4.0% |
| Stepping Stones 61-64 | Balanced | 1.14% | +4.7% | +3.5% |
| Stepping Stones Growth 56-60 | Balanced | 1.24% | +6.2% | +4.3% |
| Stepping Stones Growth 61-75 | Balanced | 1.14% | +4.7% | Not reported |
| Growth Fund | Growth | 1.25% | +7.2% | +5.5% |
| Stepping Stones 36-45 | Growth | 1.25% | +7.2% | +5.5% |
| Stepping Stones Growth 51-55 | Growth | 1.25% | +7.2% | +5.5% |
| Australasian Fund | Aggressive | 1.19% | Not reported | Not reported |
| Focused Growth Fund | Aggressive | 1.27% | +8.8% | +6.4% |
| Global Fund | Aggressive | 1.18% | Not reported | Not reported |
| Stepping Stones 0-35 | Aggressive | 1.27% | +8.8% | +6.7% |
| Stepping Stones Growth 0-50 | Aggressive | 1.27% | +8.8% | +7.0% |
| Thematic Fund | Aggressive | 1.18% | Not reported | Not reported |
Figures are after fund charges and tax, sourced from the FMA Disclose Register. Past performance is not a reliable indicator of future returns.