Generate Focused Growth Fund

Nearly 6% of this fund sits in a single stock: Nvidia. Generate's Focused Growth Fund holds $4.7 billion in assets and places 96% of that in growth assets, but the name signals the strategy. This is concentrated exposure by design, with the top ten holdings accounting for over a third of the portfolio. Nvidia leads, followed by Microsoft at 4.5%, Amazon at 4.1%, and a roster of US tech giants that includes Meta, Alphabet and Apple.

International shares dominate at 66%, with another quarter in Australasian equities. The New Zealand allocation leans on Infratil and Fisher & Paykel Healthcare, both above 3%. A small slice goes to listed property, and cash sits at 2.4%. The fund charges 1.25% in total annual fees and carries a risk level of 6. Over three years it ranked 3rd in the aggressive category with a 17.4% annualised return. The one-year return of 9.7% placed it 19th, while the five-year figure of 8.7% sits 6th.

The structure reflects a deliberate bet on a narrow set of large-cap growth names rather than broad diversification. The fund's scale and its tilt toward technology and infrastructure make it a high-growth vehicle built for long time horizons and higher volatility.

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