Generate Kiwisaver Scheme
Australasian Fund
The Smiths take
Australasian Fund Smiths Rating B
Smiths' editorial rating, our internal opinion based on 10-year returns, fees, and risk band fit. Not a formal credit rating or regulated star rating.
Smiths reviews this fund against every other aggressive option in NZ on net-of-fees returns, total fees, and band fit. The full Sorted snapshot is below.
General information only · Past performance is not a reliable indicator of future performance · For personal advice please contact us.
At a glance
This fund is for investors seeking
Three quick reads for whether the Australasian Fund fits your situation.
A 10+ years timeframe
This is a aggressive KiwiSaver fund. The provider's recommended minimum holding period sits in the 10+ years range.
A moderate-risk investment
Sorted's risk indicator places this at 4 on a 1–7 scale. Moderate volatility. meaningful ups and downs but not extreme.
Mostly growth assets
97% growth assets (shares, property) and 3% income assets (bonds, cash). Spread across multiple asset classes.
Snapshot
The headline numbers
Mix
97.02% / 2.98%
Growth / Income · avg 98.25% / 1.75%
Fees
1.31%
$393 on $30k · avg 1.95%
What the provider says
In their own words
“The Australasian Fund aims to provide a higher return over the long term. It invests in an actively managed portfolio of growth assets located predominantly in New Zealand and Australia with a very minor allocation of income assets. Volatility is likely to be high. Returns will vary and may be low or negative at times.”
- Fund start date
- 30 April 2025
- Withdrawal rules
- This is a KiwiSaver fund. generally you can withdraw only to purchase a first home, after the age of 65, or in cases of significant financial hardship.
Asset mix
What this fund actually holds
Growth assets are 97.02% of the fund, income assets the rest. The mix is the latest snapshot from Sorted, with the average for this risk band's KiwiSaver funds shown alongside.
- Sharesthis fundavg
74.44%
avg 87.94%
- Propertythis fundavg
22.58%
avg 8.38%
- Otherthis fundavg
0.00%
avg 1.93%
- Bondsthis fundavg
0.00%
avg 0.38%
- Cashthis fundavg
2.98%
avg 1.37%
What it owns
Top 10 holdings. 50.31% of the fund
The rest is spread across hundreds of other positions. Full holdings live in the provider's portfolio file.
Fisher & Paykel Healthcare Ltd
Shares
Australasian EquitiesNZ10.05%Infratil Ltd
Shares
Australasian EquitiesNZ7.70%Contact Energy Ltd
Shares
Australasian EquitiesNZ6.19%Auckland International Airport Ltd
Shares
Australasian EquitiesNZ5.05%Goodman Group
Property
Listed PropertyAU4.71%Spark Ltd
Shares
Australasian EquitiesNZ3.93%Meridian Energy Ltd
Shares
Australasian EquitiesNZ3.38%Asb Nz Dollar Cash Account
Cash
Cash and Cash EquivalentsNZ3.22%Chorus Ltd
Shares
Australasian EquitiesNZ3.10%Mainfreight Ltd
Shares
Australasian EquitiesNZ2.98%
Fees breakdown
What you actually pay
Modelled on a $30,000 balance held for one full year. Each line shows this fund's % and dollar cost vs. the average for funds in the same risk band.
Management
Charged by the fund manager, % of your balance.
1.16%
avg 0.73%
$348
avg $219
+0.43%Other
Other potential costs not in the categories below.
74.44%
avg 87.94%
-
avg -
−13.50%Performance-based
Higher when the fund (or underlying fund) performs well.
0.00%
avg -
$0
avg -
Membership
A flat annual fee, regardless of balance or performance.
0.12%
avg 0.05%
$36
avg $16
+0.07%
Total combined fees
Doesn't include fees for one-off activities like transferring or withdrawing.
1.31%
avg 1.95%
$393
avg $585
Risk indicator
Sorted risk rating: 4 of 7
The Sorted risk indicator is calculated from the last 5 years of price volatility. Higher = more ups and downs but typically higher long-term returns.
Fund details
The unsexy stats that matter
- Total fund value
- $4,728,829
- Members
- 257
- Asset liquidity ratio
- 99.67%
- Debt ratio
- 0.31%
- Default KiwiSaver fund
- No
- Fund reference
- FND56152
Manager
Generate Kiwisaver Scheme
Licensed with the Financial Markets Authority.
- NZBN
- 9429030374034
- FSP number
- FSP271005
Smiths Health Check
Is the Australasian Fund actually the right fund for you?
Take the 90-second Health Check. We'll grade your current setup, tell you what it's costing you, and recommend the best fit from our advised panel, benchmarked against every fund in the directory, not just generate.
Our directory covers every NZ KiwiSaver fund. Our advice panel is five schemes (ANZ, Booster, Fisher Funds, Generate, Milford); recommendations land on four funds across Milford and Booster — how we're paid →