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 30 June 2026

Market Overview

  • Q2 2026 saw the strongest quarterly return for global equities since the Q2 2020 Covid rebound.
  • Global bonds also delivered solid returns with yields remaining relatively stable even as inflation readings remained uncomfortably high from higher energy prices.
  • Economic data continued to paint a mixed picture in many countries. US economic data remained resilient, and this combined with some more hawkish rhetoric from the Federal Reserve contributed to a stronger US dollar.
  • Other central bank activity saw hikes from the European, Japanese and Australian central banks in an effort to keep inflation in check.

Fund Highlights

  • The Balanced Fund posted a strong return over June and an exceptionally strong return for the second quarter of 2026.
  • The Multi-Manager Global Equity Fund outperformed the benchmark in June, but did not keep pace with the strong returns over the quarter.
  • In listed property, Goodman Group (+22%) announced a data centre acquisition and increased forward guidance for FY26.
  • The Global Bond Fund outperformed during the second quarter of 2026, with positive contributions from rates positioning, sector allocation and security selection.

Performance

GoalsGetter Amova Balanced Fund
Open Close

Performance

at 30 June 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 1.65 7.87 7.76 8.63 3.33
Appropriate Market Index (AMI)2 1.66 7.59 13.58 10.86 6.02
  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 12.16%
Infratil Limited 2.19%
Nvidia Corp 1.67%
Amazon Com Inc 1.45%
Fisher & Paykel Healthcare 1.37%
Contact Energy Limited 1.33%
Microsoft Corp 1.27%
Kiwi Property Group Limited 1.24%
USD BNP Paribas A/C 1.24%
Meridian Energy Ltd NPV 1.22%