# Quarterly Fund Update — generate (2026-Q1)

> KiwiSaver scheme **generate** — Quarterly Fund Update filing covering period ending **2026-03-31**.
> Source: filed with FMA Disclose register. Canonical: https://fundcompare.co.nz/filings/qfu/generate/2026-q1

## Funds covered

| Fund | Fees (1y) | 1y return | 3y return | 5y avg return | AUM (NZD) | Members | Growth assets |
|------|-----------|-----------|-----------|---------------|-----------|---------|---------------|
| Conservative Fund | 1.20% | 3.26% | — | — | NZD $162,384,009 | 4,322 | 20.1% |
| Stepping Stones Growth 0-50 | 1.39% | — | — | 7.01% | NZD $137,445,620 | 3,377 | 97.5% |
| Growth Fund | 1.37% | 7.18% | — | 5.52% | NZD $2,050,085,261 | 52,361 | 82.5% |
| Australasian Fund | 1.31% | — | — | — | NZD $5,719,106 | 320 | 96.5% |
| Global Fund | 1.30% | — | — | — | NZD $31,267,090 | 1,573 | 97.9% |
| Stepping Stones 36-45 | 1.37% | — | — | 5.54% | NZD $72,659,184 | 1,947 | 82.5% |
| Focused Growth Fund | 1.39% | 8.77% | — | 6.41% | NZD $4,613,069,290 | 114,124 | 97.5% |
| Stepping Stones Growth 56-60 | 1.36% | — | — | 4.32% | NZD $33,647,822 | 490 | 62.1% |
| Stepping Stones 0-35 | 1.39% | — | — | 6.72% | NZD $58,898,813 | 3,844 | 97.5% |
| Stepping Stones 65-75 | 1.23% | — | — | — | NZD $16,257,040 | 357 | 30.1% |
| Moderate Fund | 1.26% | 4.74% | — | 3.54% | NZD $763,432,614 | 23,241 | 40.0% |
| Balanced Fund | 1.36% | 6.23% | — | — | NZD $430,295,451 | 10,527 | 62.1% |
| Cashplus Fund | 0.55% | 2.50% | — | — | NZD $131,887,296 | 3,449 | 0.0% |
| Stepping Stones 76+ | 1.20% | — | — | — | NZD $993,491 | 14 | 20.1% |
| Stepping Stones 61-64 | 1.26% | — | — | 3.50% | NZD $28,294,075 | 486 | 40.0% |
| Stepping Stones 46-55 | 1.36% | — | — | 4.32% | NZD $73,089,117 | 1,510 | 62.1% |
| Stepping Stones Growth 76+ | 1.20% | — | — | — | NZD $608,094 | 3 | 20.1% |
| Stepping Stones Growth 61-75 | 1.26% | — | — | — | NZD $29,950,732 | 435 | 40.0% |
| Thematic Fund | 1.30% | — | — | — | NZD $67,960,483 | 2,793 | 97.0% |
| Stepping Stones 56-60 | 1.31% | — | — | 4.00% | NZD $38,443,035 | 703 | 51.1% |
| Stepping Stones Growth 51-55 | 1.37% | — | — | 5.54% | NZD $37,284,107 | 589 | 82.5% |

_Returns are after fees and tax at PIR 28%, sourced from the QFU PDF as filed with FMA Disclose._

## Source documents

- **Fund: australasian**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom08v2me6pd072qljoaxtss
  - SHA-256: `de65c7671c906559…`
  - Ingested: 2026-05-15
- **Fund: balanced**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom01ig2dy3a072q1z0qoc4u
  - SHA-256: `620a9c1665722dbb…`
  - Ingested: 2026-05-15
- **Fund: cashplus-defensive**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmolzg2l4defx0716jy61t7b3
  - SHA-256: `df03e7d239e646a0…`
  - Ingested: 2026-05-15
- **Fund: conservative**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmolziccidhw90716rj6zflsl
  - SHA-256: `de1054883eb02337…`
  - Ingested: 2026-05-15
- **Fund: focused-growth**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom06jc9e32h072qg24caity
  - SHA-256: `1f1d5b1dbee213c8…`
  - Ingested: 2026-05-15
- **Fund: global**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom0dgozefpg0716138oo0z1
  - SHA-256: `95d96046297821c3…`
  - Ingested: 2026-05-15
- **Fund: growth**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom04b48e4ku0716o0vq3ioh
  - SHA-256: `598714d08b08b622…`
  - Ingested: 2026-05-15
- **Fund: moderate**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmolzm6bgdix8072qwwyqe97d
  - SHA-256: `3a3f94f48b777c56…`
  - Ingested: 2026-05-15
- **Fund: thematic**
  - Original PDF: https://ap-southeast-2.graphassets.com/AKCbhBjCsTzKiieKkNfvxz/cmom0blzre97p072qzwajb0mg
  - SHA-256: `3e8e63daee528ad0…`
  - Ingested: 2026-05-15

## Data sources

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/
- IRD KiwiSaver — https://www.ird.govt.nz/kiwisaver
- Sorted Fund Finder — https://fundfinder.sorted.org.nz/

## Machine-readable surface

- Facts JSON: https://fundcompare.co.nz/api/qfu/generate/2026-q1/facts.json
- Crawlable HTML: https://fundcompare.co.nz/filings/qfu/generate/2026-q1

---

This is an informational summary published by FundCompare NZ (https://fundcompare.co.nz) using publicly available data from the FMA Disclose register, IRD KiwiSaver, and Sorted Fund Finder. It does not constitute financial advice. FundCompare NZ is not a licensed Financial Advice Provider. Past performance is not indicative of future results — read each scheme's Product Disclosure Statement and consult a licensed financial adviser before making any decision. KiwiSaver® is a registered trademark of Inland Revenue.