Funds

This is a Mindful fund Generate Fixed Interest Managed Fund

Fund type: Defensive fund

Past Returns: No 3 year data yet
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.85%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

Total Ethical Concerns: 1.36%

The average total concerns of all managed defensive funds is 1.99%.

Companies of Concern

  • Environmental Harm 1.36%

    • Fonterra
      1.36%
      ocean
      This company is harming the ocean

From the Fund Provider

  • About this fund

    About this Fund

    Fund type: Defensive fund

    Past Returns: No 3 year data yet
    Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
    Annual Fees: 0.85%
    Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

    In their own words

    The Fixed Interest Managed Fund aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets. Volatility is likely to be low to medium. Returns will vary and may be low or negative at times.

    Generate is an award-winning KiwiSaver and wealth provider with a track record of strong, long-term performance through responsible investment. Generate was awarded both Investor Choice and Adviser Choice Awards at the Research IP Funds Manager of the year awards 2022 and also received a Consumer NZ People’s Choice Award for KiwiSaver.

    Value $2.76M NZD
    Period of data report 30th Sept. 2025
    Fund started 30th April 2025
    Total annual fund fees 0.85%
    Total performance based fees 0.0%
    Manager's basic fee 0.82%
    Other management and administration charges 0.03%
    Total other charges 0.0
    Total other charges currency NZD

    Key Personnel

    Sam Goldwater

    Currently: Chief Investment Officer/Investment Committee Member/Executive Director (12 years, 6 months)
    Previously: Led the investment management of a sizeable portfolio of family assets (7 years, 5 months)

    Daniel Frost

    Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (7 years, 8 months)
    Previously: Senior Analyst, Macquarie Bank (5 years, 4 months)

    Andrew Bolland

    Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (6 years, 3 months)
    Previously: Senior Analyst/Associate Portfolio Manager, Salt Funds Management (6 years, 2 months)

    Ayrton Oliver

    Currently: Portfolio Manager - Fixed Income (4 years, 6 months)
    Previously: Vice President, JP Morgan Chief Investment Office, International Rates and FX Portfolio Management (7 years, 0 months)

    Nathan Field

    Currently: Portfolio Manager - Global Equities (2 years, 7 months)
    Previously: Portfolio Manager, Global Thematic Fund, Kiwi Wealth (13 years, 0 months)

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

  • Past Returns

    Past Returns

    Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

    Year Market Average Fund Annual Return

    The market average is the average 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 fund has filed with Disclose register to 30th Sept. 2025.

  • Investments

    Top 10 Investments

    • Kāinga Ora Sep 2035 Bonds

      New Zealand NZ Fixed Interest AAA

      3.26%

    • Kāinga Ora Apr 2030 Bonds

      New Zealand NZ Fixed Interest AAA

      2.98%

    • ASB NZ Dollar Cash Account

      New Zealand Cash and Equivalents A1

      2.86%

    • Nzlga Apr 2033 Bonds

      New Zealand NZ Fixed Interest AAA

      2.34%

    • Watercare Services Sep 2030 Bonds

      New Zealand NZ Fixed Interest

      1.98%

    • NZ Govt Bond May 2030 Bonds

      New Zealand NZ Fixed Interest AAA

      1.89%

    • Nzlga May 2031 Bonds

      New Zealand NZ Fixed Interest AAA

      1.87%

    • NZ Govt Inflation Sep 2035 Bonds

      New Zealand NZ Fixed Interest AAA

      1.8%

    • Transpower Mar 2032 Bonds

      New Zealand NZ Fixed Interest AA

      1.71%

    • Auckland International Airport Dec 2031 Bonds

      New Zealand NZ Fixed Interest A-

      1.7%
    Type Target Actual
    Cash and Cash Equivalents 5.0% 3.68%
    New Zealand Fixed Interest 61.75% 80.31%
    International Fixed Interest 33.25% 16.01%
    Australasian Equities 0.0% 0.0%
    International Equities 0.0% 0.0%
    Listed Properties 0.0% 0.0%
    Unlisted Properties 0.0% 0.0%
    Other 0.0% 0.0%
    Commodities 0.0% 0.0%

    Investment Mix

    How the money in this fund is invested by asset type.

    This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2025 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

Issues of Concern

  • 1.36% Environmental Harm
  • 0.0% Fossil Fuels
  • 0.0% Animal Cruelty
  • 0.0% Human Rights Violations
  • 0.0% Social Harm
  • 0.0% Weapons

Companies of Concern

  • Environmental Harm

    • Fonterra
      1.36%
      ocean
      This company is harming the ocean

About this Fund

Fund type: Defensive fund

Past Returns: No 3 year data yet
Returns are the average of the latest 3 years of data reported, after fees and taxes. This fund does not yet have 3 years of data.
Annual Fees: 0.85%
Annual fees, including management and administration fees, but not membership fee. Please note that lower fees don’t always mean higher net returns.

In their own words

The Fixed Interest Managed Fund aims to provide a stable return over the short to medium term. It invests in an actively managed portfolio made up entirely of income assets. Volatility is likely to be low to medium. Returns will vary and may be low or negative at times.

Generate is an award-winning KiwiSaver and wealth provider with a track record of strong, long-term performance through responsible investment. Generate was awarded both Investor Choice and Adviser Choice Awards at the Research IP Funds Manager of the year awards 2022 and also received a Consumer NZ People’s Choice Award for KiwiSaver.

Value $2.76M NZD
Period of data report 30th Sept. 2025
Fund started 30th April 2025
Total annual fund fees 0.85%
Total performance based fees 0.0%
Manager's basic fee 0.82%
Other management and administration charges 0.03%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Sam Goldwater

Currently: Chief Investment Officer/Investment Committee Member/Executive Director (12 years, 6 months)
Previously: Led the investment management of a sizeable portfolio of family assets (7 years, 5 months)

Daniel Frost

Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (7 years, 8 months)
Previously: Senior Analyst, Macquarie Bank (5 years, 4 months)

Andrew Bolland

Currently: Portfolio Manager - Property & Infrastructure, Australasian Equities (6 years, 3 months)
Previously: Senior Analyst/Associate Portfolio Manager, Salt Funds Management (6 years, 2 months)

Ayrton Oliver

Currently: Portfolio Manager - Fixed Income (4 years, 6 months)
Previously: Vice President, JP Morgan Chief Investment Office, International Rates and FX Portfolio Management (7 years, 0 months)

Nathan Field

Currently: Portfolio Manager - Global Equities (2 years, 7 months)
Previously: Portfolio Manager, Global Thematic Fund, Kiwi Wealth (13 years, 0 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

Past Returns

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return

The market average is the average 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 fund has filed with Disclose register to 30th Sept. 2025.

Top 10 Investments

  • Kāinga Ora Sep 2035 Bonds

    New Zealand NZ Fixed Interest AAA

    3.26%

  • Kāinga Ora Apr 2030 Bonds

    New Zealand NZ Fixed Interest AAA

    2.98%

  • ASB NZ Dollar Cash Account

    New Zealand Cash and Equivalents A1

    2.86%

  • Nzlga Apr 2033 Bonds

    New Zealand NZ Fixed Interest AAA

    2.34%

  • Watercare Services Sep 2030 Bonds

    New Zealand NZ Fixed Interest

    1.98%

  • NZ Govt Bond May 2030 Bonds

    New Zealand NZ Fixed Interest AAA

    1.89%

  • Nzlga May 2031 Bonds

    New Zealand NZ Fixed Interest AAA

    1.87%

  • NZ Govt Inflation Sep 2035 Bonds

    New Zealand NZ Fixed Interest AAA

    1.8%

  • Transpower Mar 2032 Bonds

    New Zealand NZ Fixed Interest AA

    1.71%

  • Auckland International Airport Dec 2031 Bonds

    New Zealand NZ Fixed Interest A-

    1.7%
Type Target Actual
Cash and Cash Equivalents 5.0% 3.68%
New Zealand Fixed Interest 61.75% 80.31%
International Fixed Interest 33.25% 16.01%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

Investment Mix

How the money in this fund is invested by asset type.

This information has been sourced from the quarterly data that each fund has filed with Disclose register to 30th Sept. 2025.

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to 30th Sept. 2025 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.