Our KiwiSaver Scheme Funds

GoalsGetter Amova Conservative Fund

Join Now Projection Calculator

About the fund

This fund aims for more modest investment returns which grow steadily over time, keeping ups and downs to a minimum. The fund does this by investing mostly in bonds and cash, but also has a moderate exposure to shares.

Risk Indicator (volatility)

Lower riskHigher risk
1
2
3 Medium
4
5
6
7
Potentially
lower returnsPotentially
higher returns
Learn more

Target Asset Allocation

Growth 23.00%
Income 77.00%

Risk Indicator (volatility) Scale

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.

Find out more about the GoalsGetter Amova Conservative Fund from Alan Clarke

Hear from Alan Clarke, Portfolio Manager. In this video, he explains what an average day in his job looks like and how the GoalsGetter Amova Conservative Fund works.

Commentary

As of 31 January 2026

Market Overview
  • Global equity markets began the new year with strong returns despite continued geo-political tensions.
  • Emerging markets were the stand-out performer, benefiting from strong local market returns in Brazil, South Korea and Taiwan.
  • Global bonds were slightly positive for the month, with continued speculation around the next Chair for the US Federal Reserve.
  • Sector leadership for the first month of 2026 came from the cyclical energy and materials sectors, while information technology took a back seat for once, finishing near the bottom of the rankings.
Fund Highlights
  • Returns for the Conservative Fund were negative in January.
  • NZ bonds were down slightly to start the new year as interest rates continued to drift higher.
  • Global bonds fared slightly better with a positive return, and the fund posted returns just ahead of benchmark.
  • The strongest performers in the local equity funds were all Australian names; Worley, NextDC and ResMed.

Performance

GoalsGetter Amova Conservative Fund
Open Close

Performance

at 31 January 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -0.28% -0.75% 4.82% 6.31% 2.40%
Appropriate Market Index (AMI)2 -0.15% -0.42% 5.82% 6.59% 2.95%
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: Composite - refer to the GoalsGetter KiwiSaver Scheme SIPO

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.  

5 year cumulative performance $10,000 invested

Top 10 Holdings

Security Name Percentage
Life Cycle Concentrated Global Share Fund Class Z 3.97%
Japan Treasury Disc Bill 130426 0.00 Gb 2.09%
Federal National Mortgage Association 150244 0.00 Tba 1.87%
NZ Government 150541 1.75 GB 1.62%
NZ Government 2.75% 15/04/2037 1.56%
United States Treasury 300426 0.00 Cb 1.54%
French Discount T-Bill 040326 0.00 Gb 1.45%
NZD BNP Paribas A/C 1.44%
NZ Government Bond 2% 15/05/2032 1.37%
USD BNP Paribas A/C 1.28%