Provider · broker-grade review
GENERATE KiwiSaver
GENERATE KIWISAVER SCHEME
- Funds in scheme
- 21
- Funds under management
- $8.99B
- Fee range
- 0.91–1.41%
- Best 5-yr return
- 8.47%
Returns are annualised, after fees and 28% PIR, sourced from Sorted Smart Investor (as at Q1 2026). Past performance is not a reliable indicator of future performance. General information only, not personalised advice.
The Smiths take
What we know about GENERATE KiwiSaver
- →GENERATE runs 21 KiwiSaver funds across 5 risk bands. covering Conservative, Balanced, Growth, Aggressive and Uncategorised.
- →Total annual fees range from 0.91% to 1.41% depending on the fund.
- →Best 5-yr annualised return in the scheme is 8.47% (after fees & 28% PIR).
- →Scheme manages $8.99B in total.
Smiths' top picks from GENERATE
The 3 GENERATEfunds we'd look at first
- #1
- #2
- #3
Every fund in the scheme
All 21 GENERATE KiwiSaver funds
Conservative · 4 funds
Cashplus Fund
-0.91% feesReview →Stepping Stones 76+
-1.21% feesReview →Conservative Fund
-1.21% feesReview →Stepping Stones 65-75
-1.23% feesReview →
Balanced · 5 funds
Stepping Stones 46-55
5.29% 5y1.36% feesReview →Stepping Stones 56-60
4.78% 5y1.31% feesReview →Moderate Fund
4.20% 5y1.26% feesReview →Stepping Stones 61-64
4.18% 5y1.26% feesReview →Balanced Fund
-1.36% feesReview →
Growth · 7 funds
Stepping Stones Growth 0-50
8.47% 5y1.41% feesReview →Stepping Stones Growth 51-55
6.87% 5y1.39% feesReview →Stepping Stones 36-45
6.87% 5y1.39% feesReview →Growth Fund
6.79% 5y1.39% feesReview →Stepping Stones Growth 56-60
5.29% 5y1.36% feesReview →Stepping Stones Growth 76+
-1.21% feesReview →Stepping Stones Growth 61-75
-1.26% feesReview →
Aggressive · 4 funds
Stepping Stones 0-35
8.34% 5y1.41% feesReview →Focused Growth Fund
8.19% 5y1.41% feesReview →Global Fund
-1.30% feesReview →Thematic Fund
-1.30% feesReview →
Uncategorised · 1 fund
Australasian Fund
-1.31% feesReview →
Should you be in GENERATE?
We compare GENERATE against every other NZ provider.
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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 →