Generate KiwiSaver Scheme
Generate Stepping Stones 61-64 and Stepping Stones Growth 61-64

In their own words: "The objective of the Stepping Stones 61-64 years old investment option is to provide a conservative investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International equities. The investment option has a low to medium level of volatility"

At a glance:

Not Mindful
Type: Conservative fund
Past Returns: *6.11%

Average annual returns over the past 3 years, after fees and taxes. *indicates less than three years of data.

Annual Fees: 1.27%

Annual fees, including membership and % management fee.

More information:

A summary of this fund and it's details.

Number FND1005
Name Generate Stepping Stones 61-64 and Stepping Stones Growth 61-64
Risk profile Conservative fund
Description The objective of the Stepping Stones 61-64 years old investment option is to provide a conservative investment return over the long-term through investment in a portfolio of actively managed cash, fixed interest, property (including aged care) and infrastructure assets, and International equities. The investment option has a low to medium level of volatility
Value $6.6M NZD
Members 214
Market index description The market index is described in the Statement of Investment Policy and Objectives (SIPO)
Disclosure Statement Period Mon Sept. 30th 2019
Fund started Tue April 16th 2013
Three-year average return *6.11%
Market index past year return 8.33%
Past year return net charges and tax 7.88%
Past year return net of charges gross of tax 9.18%
Market index return since fund started 8.40%
Return since fund started net 5.85%
Total annual fund fees 1.27%
Total performance based fees 0.0%
Manager's basic fee 1.0%
Administration charges 0.27%
Total other charges 36.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2019 4.40% 7.07%
2018 3.80% 5.15%
2017 4.16% 2.19%
2016 3.52% 7.42%
2015 8.10% 9.73%

The market index is the average NZ KiwiSaver return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Showing the top 10 investments for this fund:

  • ASB On Call Cash Account
    New Zealand Cash and Equivalents
    5.91%
  • Infratil
    New Zealand Australasian Equities
    4.42%
  • Berkshire Hathaway
    United States International Equities
    3.59%
  • Westpac Term Deposit 2.45% March 2020
    New Zealand NZ Fixed Interest
    3.46%
  • Contact Energy
    New Zealand Australasian Equities
    3.29%
  • Alphabet
    United States International Equities
    2.44%
  • Nab Hybrid
    Australia NZ Fixed Interest BBB-
    2.36%
  • Tr Group 2024 Bonds
    New Zealand NZ Fixed Interest BBB-
    2.27%
  • Arvida Group
    New Zealand Listed Property
    2.16%
  • Argosy Green Bonds 2026
    New Zealand NZ Fixed Interest UNRATED
    2.06%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 5.0% 6.55%
New Zealand Fixed Interest 57.5% 57.5%
International Fixed Interest 0.0% 0.0%
Australasian Equities 11.0% 13.11%
International Equities 15.5% 12.94%
Listed Properties 11.0% 9.9%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Key Personnel

  • Henry Tongue

    Currently: Chief Executive Officer / Investment Committee Member / Director (6 years, 6 months)
    Previously: Senior Portfolio Manager - Hulijich Wealth Management (previous) (4 years, 3 months)

  • Nick Bowden

    Currently: Investment Committee Member (3 years, 1 months)
    Previously: Director of Balthazar Capital Advisors (7 years, 6 months)

  • Peter Brook

    Currently: Investment Committee Chair / Director (6 years, 6 months)
    Previously: Board member of Trust Investments Management Limited (current) (15 years, 4 months)

  • Sam Goldwater

    Currently: Portfolio Manager / Investment Committee Member / Executive Director (6 years, 6 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (previous) (7 years, 5 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Is it excluded?
    Portfolio analysis
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.06%
  • Animal Testing:
    0.12%
  • Fossil Fuels:
    0.02%
  • Gambling:
    0.00%
  • GMOs:
    0.02%
  • Human Rights & Environmental Violations:
    0.03%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to 30 September 2019 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons

Specific companies invested in:

Fossil Fuel

Weapons

Alcohol

Lvmh Moet Hennessy Louis Vuitton 4.4 0.02%
Anheuser-Busch Inbev Sa 2.3 0.01%

GMOs

Novartis Ag 3.8 0.02%

Human Rights & Environmental Violations

Nestle Sa 3.7 0.02%

Animal Testing

Lvmh Moet Hennessy Louis Vuitton 4.4 0.025%
Nestle Sa 3.7 0.021%
Reckitt Benckiser 3.5 0.020%
Pepsico Inc 2.7 0.015%
Estee Lauder - Class A Shares 1.8 0.010%

Download the fund's disclosure statement and portfolio holdings.

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You should be prudent about your investment.

Investing involves risk. The value of investments can go down, as well as going up. You might lose some of your capital investment. Past returns are not a guide to future returns. The information provided on this website is not a recommendation to buy, sell or hold any financial products. Nothing on this page is financial advice for the purposes of the Financial Advisers Act 2008 and any associated regulations.

Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.