Generate Conservative Fund

Seventy-nine percent of the Generate Conservative Fund sits in bonds, and the top holding is a Housing New Zealand April 2030 bond at 3.19 percent. This is a fund built for capital preservation, with New Zealand fixed interest dominating at 57 percent, backed by international bonds at 15 percent and cash at 7.5 percent. The growth sleeve is modest: just 21 percent split between Australasian and international shares, with a sliver in listed property. The portfolio is granular, with no single position above 3.2 percent, and the top ten holdings span government, local authority, community housing and bank bonds. At $143 million in assets, it ranks 13th for one-year returns in its category but climbs to 4th over three years.

The total fee is 1.08 percent, which includes a 1.06 percent management fee, a 0.02 percent other fee, and a 0.12 percent performance fee. The one-year return is 5.5 percent, and the three-year annualised return is 7.5 percent. The fund carries a risk level of 2, reflecting its heavy weighting to defensive assets and limited exposure to equity markets. The allocation is consistent with a conservative mandate designed to smooth volatility over short horizons.

General information only, not financial advice. Past performance is not a reliable indicator of future results.