Generate Global Fund

Nearly half of this hedged international equities fund sits in just five companies, with Nvidia commanding more than 9 per cent of the portfolio. Generate has built a concentrated bet on the technology sector, and the top ten holdings, all but one of them US-listed, account for more than half the fund's $26 million in assets under management. The line-up reads like a roll call of the AI and cloud computing boom: Microsoft, Meta, Amazon, chipmakers Micron and Broadcom, and Taiwan Semiconductor.

Constellation Software, the Canadian enterprise software consolidator, is the sole non-US name in the top ten. The fund holds 98 per cent in growth assets, with the balance in cash. This is a high-conviction portfolio, not a diversified global tracker, and its structure reflects a deliberate tilt toward large-cap technology and semiconductor names.

The total fee is 1.18 per cent, with no performance fee. Generate has not yet published one, three or five-year returns for this fund, so there is no performance history or category ranking to report.

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