On this page:
The Fund invests in an actively managed portfolio made up of slightly more growth assets than income assets.
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
| Risk category | Description of volatility |
| 1 | Very low |
| 2 | Low |
| 3 | Medium |
| 4 | Medium to High |
| 5 | High |
| 6 | Very high |
| 7 | Extremely high |
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
Generate, a New Zealand-owned KiwiSaver and wealth manager, has grown significantly since its founding in 2012 by Henry Tongue and Sam Goldwater. Known for strong long-term performance and impactful investments, Generate is now one of the larger non-bank KiwiSaver providers. While Tongue oversees non-investment operations as CEO, Goldwater leads investment decisions. The firm partners with financial advisers, contributing to its rapid growth from $700 million in 2017 to over $5 billion today.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | -2.61% | -3.50% | |||
| Appropriate Market Index (AMI)2 | -2.07% | -2.01% |
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
| Security Name | Percentage |
|---|---|
| Generate Balanced Managed Fund | 99.34% |
| Cash and cash equivalents | 0.66% |
