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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 | 4.00 | -1.26 | 9.64 | 7.84 | 2.85 |
| Appropriate Market Index (AMI)2 | 3.20 | 0.95 | 14.56 | 10.01 | 5.43 |
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 | 11.78% |
| 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% |
Commentary
As of 20 April 2026
Market Overview
Global equity returns for April 2026 joined a short-list of near-record high monthly returns over the last 30 years.
Oil prices remained elevated with Brent Crude trading at U$114 per barrel at month end, down from the highs reached in March.
Returns from bonds over April were more muted, global bonds and NZ bond markets were up 0.2% and 0.3% respectively, and both are slightly negative year-to-date.
Fund Highlights
Returns for the Balanced Fund were strongly positive for April and in line with the benchmark.
The main defensive asset classes of bonds and cash posted solid returns over the month, while global equities were the clear stand-out as markets recovered from the March sell-off.
The Global Equity Fund did not keep up with the strong returns of global equity markets, with only WCM (‘growth’ manager) outperforming.
The NZ bond funds benefited through quality credit and longer duration positioning benefiting from yields coming down over the month.