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 28 February 2026

Market Overview

  • Global equity markets continued their solid upward trend from the ‘Liberation Day’ drawdown, with leadership broadening well beyond US mega-caps.
  • The US Supreme Court ruled President Trump did not have the authority to impose the 2025 reciprocal tariffs via executive orders.
  • Middle East tensions also built up and at the end of the month combined US-Israeli forces attacked Iran who responded in kind.
  • Sector leadership yet again came from the cyclical energy and materials sectors, with utilities and consumer staples also outperforming.

Fund Highlights

  • Returns for the Balanced Fund were positive for February but behind the benchmark.
  • The main asset classes posted solid returns over the month, with underperformance driven by stock selection in global equities, local equities and Australasian listed property.
  • It was a rare month in which all four global equity managers underperformed, with Amova and JPMorgan the key drivers of underperformance.
  • The NZ bond funds long duration position benefited from the move lower in interest rates.

Performance

GoalsGetter Amova Balanced Fund
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Performance

at 28 February 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 0.09% -0.33% 6.87% 9.11% 3.94%
Appropriate Market Index (AMI)2 1.45% 1.39% 11.04% 11.18% 6.37%
  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 11.55%
Infratil Limited 1.75%
Nvidia Corp 1.54%
Fisher & Paykel Healthcare 1.33%
Kiwi Property Group Limited 1.28%
Amazon Com Inc 1.23%
Spark New Zealand Ltd 1.18%
Summerset Group Holdings Ltd 1.17%
Contact Energy Limited 1.16%
Microsoft Corp 1.14%