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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)
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.
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.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | -0.96% | 2.15% | 6.96% | 9.74% | 4.13% |
| Appropriate Market Index (AMI)2 | -0.41% | 4.38% | 10.46% | 10.96% | 6.15% |
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 |
|---|---|
| Life Cycle Concentrated Global Share Fund Class Z | 11.66% |
| Infratil Limited | 1.80% |
| USD BNP Paribas A/C | 1.45% |
| Microsoft Corp | 1.37% |
| Nvidia Corp | 1.36% |
| Kiwi Property Group Limited | 1.34% |
| Fisher & Paykel Healthcare | 1.28% |
| Amazon Com Inc | 1.21% |
| Japan Treasury Disc Bill 151225 0.00 Gb | 1.20% |
| Contact Energy Limited | 1.19% |
Commentary
As of 30 November 2025
Market Overview
− Global markets took a breather in November, with both equities and bonds finishing the month close to where they started.
− For global equities November was the first flattish month since the turmoil in April from the “Liberation Day” tariff announcements.
− Global bonds were flat for the month led by US bonds which did well on expectations the US Fed would continue cutting rates.
− The central banks in Japan, Australia and the UK all kept rates unchanged, with the RBA and BoJ citing concerns around inflation.
Fund Highlights
− Returns for the Balanced Fund were negative for November.
− Local equity, listed property, and bond markets were all weak, and the Global Equity Fund underperformed its benchmark.
− The Global Bond Fund posted positive gains ahead of benchmark due to being positioned to benefit from steeper yield curves in Europe.