Our KiwiSaver Scheme Funds
Fund Manager of the Year - Fixed Interest
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The fund invests in a selection of NZ dollar denominated bonds issued by banks and companies, providing investors with a regular income. The fund may experience modest ups and downs in value.
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.
Fergus is the head of Bonds and Currency at Amova. In this video, he explains what an average day in his job looks like, what he's trying to achieve with this portfolio, and what he see's as a good investment. Fergus also talks us through the investment process and outlines the main reasons why you should consider the GoalsGetter Amova NZ Corporate Bond Fund for your next investment.
Fund Manager of the Year - Fixed Interest
Amova Asset Management New Zealand
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 0.66% | 1.12% | 5.51% | 4.92% | 1.62% |
| Appropriate Market Index (AMI)2 | 0.63% | 1.21% | 6.17% | 5.28% | 2.15% |
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 |
|---|---|
| Housing NZ 1.534% 10/09/2035 | 3.68% |
| Bank Of New Zealand Cash at Call | 3.61% |
| NZ Local Govt Funding Agency 150437 2.00 GB | 3.18% |
| Insurance Australia Group Ltd 150628 5.32 Cb | 2.93% |
| NZLGFA 3% 15/05/2035 | 2.81% |
| Rabo 5.31% 05/04/2029 | 2.73% |
| Westpac New Zealand Ltd 160932 6.19 Cb | 2.62% |
| Christchurch City Hldgs 210532 4.82 Gb | 2.49% |
| Housing NZ 3.42% 18/10/2028 | 2.45% |
| Dunedin City Treasury 101033 4.966 Lb | 2.37% |
Commentary
As of 31 July 2025
The fund had a positive return of 0.74% for the month of July and outperformed its benchmark the Bloomberg Credit Index which returned 0.63% for the month.
The fall in rates was helpful with the fund positioned approximately 1.3 years longer than benchmark. Credit holdings were the better performing sectors as margins narrowed on the supply shortage. Swaps and government bonds had a similar performance with modest declines in yield. The higher fund yield continues to support performance.