Our KiwiSaver Scheme Funds

GoalsGetter Amova Balanced Fund

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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
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2
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4 Medium to High
5
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7
Potentially
lower returnsPotentially
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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 October 2025

Market Overview
  • Corporate earnings season was a positive driver of market sentiment over October, with US companies again the standout.
  • A number of regional or national equity markets made new all-time highs on the back of another solid quarterly earnings season and more rate cuts from the US Federal Reserve and other central banks.
  • Japanese equities delivered the strongest return due in part to the unexpected victory of Sanae Takaichi in the Liberal Democratic Party leadership election early in the month. 

Fund Highlights

  • Returns for the Balanced Fund were strong in October, with all of the underlying strategies posting positive returns.
  • The ‘growth asset classes’ (equities and listed property) posted strong returns around the 1-2% range over the month, with the weaker NZ Dollar versus the US helping unhedged global equities top the monthly performance rankings.
  • NZ bonds delivered strong returns with interest rates moving lower over October.

Performance

GoalsGetter Amova Balanced Fund
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Performance

at 31 October 2025
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 1.16% 4.80% 10.59% 10.41% 5.02%
Appropriate Market Index (AMI)2 1.83% 6.33% 13.65% 11.90% 7.10%
  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
JPM Global Select Equity X Acc USD 12.13%
Life Cycle Concentrated Global Share Fund Class Z 10.98%
Infratil Limited 1.85%
Kiwi Property Group Limited 1.37%
Contact Energy Limited 1.30%
Fisher & Paykel Healthcare 1.28%
Federal National Mortgage Association 151143 0.00 Tba 1.25%
Japan Treasury Disc Bill 151225 0.00 Gb 1.22%
Spark New Zealand Ltd 1.20%
Summerset Group Holdings Ltd 1.14%