Generate Thematic Fund

The seven largest American technology companies account for half of this $61 million fund's portfolio, with Nvidia, Apple and Microsoft alone taking more than a quarter. This is a concentrated bet on the same names that have dominated US equity markets in recent years, wrapped in a hedged international share fund with a total fee of 1.18 per cent annually.

The top ten holdings reveal the thematic intent: artificial intelligence and cloud infrastructure sit alongside consumer technology platforms. Nvidia leads at nearly 10 per cent, followed by Apple, Microsoft, Amazon, Alphabet, Meta and Netflix. Only two holdings fall outside the US tech sphere: German industrial giant Siemens and chipmaker Broadcom. The fund holds 97 per cent in international shares, with the remaining 3 per cent in cash.

Generate's fee structure includes a 1.15 per cent management fee, a 0.03 per cent other fee, and a 0.12 per cent performance fee. The fund is new enough that one, three and five year returns are not yet available. At $61 million in assets under management, it remains a relatively small offering in the hedged international share category, built around a narrow conviction in technology leadership rather than broad market exposure.

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