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
1
2
3
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 March 2026

Market Overview

  • The US-Israeli attack on Iran triggered a sell-off in both equities and bonds with the effective closure of the Strait of Hormuz raising fears of stagflation.
  • US economic data remained resilient and this combined with some more hawkish rhetoric from the Federal Reserve contributed to a stronger US dollar. Economic
  • growth signals from Europe and Asia were more tepid.
    Energy was the standout sector for both March and the first quarter. Over March it was the only sector to post a positive return.

Fund Highlights

  • The Balanced Fund posted a negative return over March and the first quarter, behind the return of the benchmark in both cases.
  • For both global and local bonds the rise in rates over March was the key attributor to negative returns for the quarter.
  • Within global equities the market was volatile as escalating Middle East tensions sent oil prices soaring.
  • All four of the underlying external managers underperformed for the quarter, with Amova and WCM (‘growth’ managers) hit particularly hard.
  • Local listed property stocks were also down for the quarter.

 

 

 

 

Performance

GoalsGetter Amova Balanced Fund
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Performance

at 31 March 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -5.13 -5.69 3.96 7.12 2.55
Appropriate Market Index (AMI)2 -3.57 -2.50 9.78 9.29 5.11
  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 11.78%
Infratil Limited 1.92%
NZD BNP Paribas A/C 1.72%
Nvidia Corp 1.61%
Fisher & Paykel Healthcare 1.37%
Contact Energy Limited 1.32%
Precinct Properties New Zealand Limited 1.25%
Japan Treasury Disc Bill 130426 0.00 Gb 1.22%
Amazon Com Inc 1.19%
Kiwi Property Group Limited 1.19%