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This fund invests in a broad selection of NZ listed companies with potential for growth of income and capital, and may also invest in some Australian shares if the portfolio managers see opportunities, as part of an actively managed portfolio.
This fund provides a combination of specific exclusions and Environmental Social and Governance (ESG) integration, which considers the sustainability of companies.
The fund deliberately avoids investing in certain companies, industries, and sectors and aims to align social and personal values while still providing competitive returns.
Managed by a dedicated, institutional calibre SRI portfolio manager, the GoalsGetter Amova SRI Equity Fund comprises 30-35 New Zealand and Australian companies.
Find our more about our approach to Responsible Investing
Risk Indicator (volatility)
Target Asset Allocation
This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).
| Risk category | Description of volatility |
| 1 | Very low |
| 2 | Low |
| 3 | Medium |
| 4 | Medium to High |
| 5 | High |
| 6 | Very high |
| 7 | Extremely high |
The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.
Michael is a Portfolio Manager here at Amova. In this video, Michael talks about the difference between ESG and SRI and outlines what the SRI Equity Fund is trying to achieve. Michael also outlines what the Fund's portfolio consists of and describes why you should consider this fund for your next investment.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 1.49 | 4.23 | 5.52 | 6.01 | 0.00 |
| Appropriate Market Index (AMI)2 | 1.67 | 5.25 | 8.40 | 7.23 | 0.00 |
AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.
| Security Name | Percentage |
|---|---|
| Fisher & Paykel Healthcare | 17.81% |
| Infratil Limited | 12.66% |
| Auckland International Airport Ltd | 9.17% |
| Contact Energy Limited | 7.70% |
| Meridian Energy Ltd NPV | 6.16% |
| Mainfreight Limited | 5.41% |
| EBOS Group Limited | 4.42% |
| Spark New Zealand Ltd | 4.37% |
| A2 Milk | 3.96% |
| NZD BNP Paribas A/C | 3.17% |
Commentary
As of 31 August 2026
The largest positive contributors to the fund’s relative return were overweight positions in Sky Network Television (SKT), Vista Group (VGL), and Spark (SPK). SKT (+12.3%) produced an in-line result. The dividend was strong and management signalled expectations for 10% per annum dividend growth over the next three years, in addition to potential capital management through share buybacks. VGL (+10.9%) announced a small guidance upgrade and signalled growing confidence in its ability to deliver the company’s 2030 targets. SPK (+11.5%) delivered a result in line with guidance, and an optimistic outlook that included a strong dividend forecast. This improved the credibility of management guidance following a period of market disappointment.
The largest negative contributors to relative return were from overweight positions in Ingenia Communities (INA) and Infratil (IFT) and an underweight in Fletcher Building (FBU). INA (-15.2%) delivered a result ahead of market expectations, yet a large acquisition overshadowed this and resulted in the stock trading down. IFT (-2.4%) held its Annual General Meeting during the month and provided portfolio company updates on renewable energy firm Longroad and telecommunications operator One NZ. The stock finished August up 31% year-to-date. FBU (+9.0%) rose following a better-than-expected result.