Our KiwiSaver Scheme Funds

GoalsGetter Amova High Growth Fund 

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About the fund

A diversified fund that primarily invests in international equities, with an allocation to Australasian equities and property.

Risk Indicator (volatility)

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Target Asset Allocation

Growth 98.00%
Income 2.00%

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.

Summary of Amova

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Amova Asset Management New Zealand Limited, established in 1994, manages funds for a wide range of clients including charities, corporations, local governments, and individual investors. As a New Zealand-based investment manager, it benefits from the global expertise of its parent company, Amova Asset Management, one of Asia’s largest asset managers. Led by Stuart Williams since 2023, Amova NZ actively manages New Zealand equity and fixed income assets, partnering with Goldman Sachs, NAM Europe, and ARK for global investments. Believing in active management, they seek to uncover market opportunities.

 

About the Fund Manager

Commentary

As of 28 February 2026

Market Overview

  • Global equity markets continued their solid upward trend from the ‘Liberation Day’ drawdown, with leadership broadening well beyond US mega-caps.
  • The US Supreme Court ruled President Trump did not have the authority to impose the 2025 reciprocal tariffs via executive orders.
  • Middle East tensions also built up and at the end of the month combined US-Israeli forces attacked Iran who responded in kind.
  • Sector leadership yet again came from the cyclical energy and materials sectors, with utilities and consumer staples also outperforming.

Fund Highlights

  • Returns for the High Growth Fund were negative for February and behind benchmark in relative terms.
  • Underperformance was driven by stock selection in global equities, local equities and Australasian listed property.
  • It was a rare month in which all four global equity managers underperformed, with Amova and JPMorgan the key drivers of underperformance.
  • At the individual stock level, Taiwan Semiconductor, Corning, Safran and Siemens Energy were the main contributors.

 

Performance

GoalsGetter Amova High Growth Fund
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Performance

at 28 February 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -0.53 -0.97 0.00 0.00 0.00
Appropriate Market Index (AMI)2 1.63 1.82 0.00 0.00 0.00
  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.  

Cumulative Returns Since Inception, $10,000 invested

Top 10 Holdings

Security Name Percentage
Life Cycle Concentrated Global Share Fund Class Z 19.64%
Cash and cash equivalents 4.67%
Nvidia Corp 2.62%
Infratil Limited 2.35%
Amazon Com Inc 2.10%
Microsoft Corp 1.94%
Fisher & Paykel Healthcare 1.81%
Spark New Zealand Ltd 1.58%
Contact Energy Limited 1.55%
Summerset Group Holdings Ltd 1.55%