Using the most recent returns and fund update reports from the Quarter Ended June 2022, we will examine Generate’s recent KiwiSaver Performance.
Generate KiwiSaver Scheme, established in 2012, offers three different KiwiSaver Funds, ranging from a lower-risk moderate fund to a higher-risk focused growth fund. Generate uses an active investment management strategy across its funds, as they believe actively choosing which investments are included in the fund will provide greater returns for investors. Generate also implements a responsible investment approach, which includes negative screening and ESG integration. According to the latest annual report, the Generate KiwiSaver Scheme currently has 113,665 members and manages NZ$3.2 billion in KiwiSaver assets as of 31 March 2022.
A recent survey by investment research firm Morningstar indicates that the overall value of KiwiSaver assets fell to NZ$82.8b in the three months ended June, down from NZ$87.7b in the previous quarter. This is because the cost of living in New Zealand significantly increasing due to the negative impacts of Covid-19 and the Russian invasion of Ukraine. Therefore, these societal and economic pressures have made it difficult for markets to perform.
Table of Contents
News about Generate
Performance of Generate KiwiSaver Funds
Generate Moderate Fund (Formerly Conservative)
Generate Growth Fund
Generate Focused Growth Fund
On the 6th of May 2022, Generate launched three new KiwiSaver Scheme funds, including defensive, conservative, and balanced funds. This will allow KiwiSaver investors to diversify their portfolios by offering them more funds.
Previously this year, Generate KiwiSaver Scheme was awarded the 2022 Consumer NZ People’s Choice Award for KiwiSaver. According to Consumer NZ’s 2022 KiwiSaver Satisfaction survey, Generate stood out from the other KiwiSaver providers for their investment returns and scored highly for keeping members updated about their KiwiSaver savings.
|
1 Month |
1 Year |
3 Year |
5 Year |
Since Inception |
|
|
Moderate |
2.13% |
-6.92% |
0.93% |
3.89% |
4.74% |
|
Growth |
-3.21% |
-12.85% |
2.06% |
6.05% |
7.55% |
|
Focused Growth |
-3.6% |
-15.48% |
1.92% |
5.91% |
7.87% |
Sourced from Generate fund performance report.
* These returns are to 30 September 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from Generate Quarterly Fund updates published on 30 June 2022.
The objective of the Moderate Fund is to provide a conservative investment return through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, Australasian equities, and international equities. The fund has a low to medium level of volatility. The fund has one year return of -6.92% and five year return of 3.89%.
*The following is Sourced from Generate Moderate Fund Update.
Returns
Fees
The total annual fees for investors in the Generate Moderate Fund are 1.20% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Generate’s top 10 investments in the Moderate KiwiSaver Fund, which comprise 24.18% of the fund.
The objective of the Growth Fund 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, Australasian equities, and international equities. The fund has a medium to high level of volatility. The fund has one year return of -12.85% and five year return of 6.05%.
*The following is Sourced from Generate Growth Fund Update.
Returns
Fees
The total annual fees for investors in the Generate Growth Fund are 1.34% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Generate’s top 10 investments in the Growth KiwiSaver Fund, which comprise 38.98% of the fund.
The objective of the Focused Growth Fund 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, Australasian equities, and international equities. The fund has a medium to high level of volatility. The fund has one year return of -15.48% and five year return of 5.91%.
*The following is Sourced from Generate Focused Growth Fund Update.
Returns
Fees
The total annual fees for investors in the Generate Focused Growth Fund are 1.39% per year.
Investment mix
The investment mix shows the type of assets that the fund invests in.
Top ten investments
This table shows Generate’s top 10 investments in the Focused Growth KiwiSaver Fund, which comprise 46.58% of the fund.
Data for Generate KiwiSaver funds have been sourced from Generate KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if Generate has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.