Our KiwiSaver Scheme Funds

GoalsGetter Amova Balanced Fund

Join Now Projection Calculator

About the fund

This fund aims for a steady investment return over the medium to longer term without too many ups and downs. The fund does this by investing across a range asset classes with  exposure to shares for growth complemented by exposure to bonds and alternatives to reduce volatility.

 

Risk Indicator (volatility)

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

Target Asset Allocation

Growth 62.00%
Income 38.00%

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 Balanced 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 Balanced Fund works. 

Commentary

As of 31 July 2026

Market Overview

  • Following a very strong second quarter, global equity markets took a pause over July as the USA-Iran peace deal unravelled mid-month and the conflict re-escalated.
  • Oil finished the month around U$90 pushing bond yields higher as the market factored in stronger inflation and increased likelihood Central Banks would respond with tighter monetary policy.
  • Energy and Financials were the strongest sectors within global equity markets which meant ‘value’ stocks outperformed ‘growth’ stocks by a significant margin.
  • Both global bonds and NZ bonds fell by -1.1% over the month.

Fund Highlights

  • Returns for the Balanced Fund were down slightly over July, but ahead of the benchmark.
  • The Global Equity Fund outperformed over July due to strong stock selection across Information Technology, Healthcare, Energy, Financials and Consumer sectors.
  • Both local and global bond markets were also down following the renewed hostilities in the Middle East.
  • In local equities Mainfreight, Sky City Entertainment and Spark all posted strong returns.

Performance

GoalsGetter Amova Balanced Fund
Open Close

Performance

at 31 July 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -1.08 2.60 4.58 7.82 3.01
Appropriate Market Index (AMI)2 -0.98 3.23 10.30 9.97 5.73
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: Composite - refer to 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 12.18%
Infratil Limited 2.13%
Nvidia Corp 1.63%
Fisher & Paykel Healthcare 1.50%
Contact Energy Limited 1.40%
Amazon Com Inc 1.39%
Kiwi Property Group Limited 1.26%
Microsoft Corp 1.23%
Meridian Energy Ltd NPV 1.21%
Precinct Properties New Zealand Limited 1.20%