Our KiwiSaver Scheme Funds

GoalsGetter Amova Global Shares Fund

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About the fund

The Amova Europe team manages this fund, investing in a selection of around 40-50 companies from around the world, covering a diverse range of regions and sectors. The  manager selects companies where they believe there is potential for quality and future value.

 

Risk Indicator (volatility)

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Target Asset Allocation

Growth 100.00%

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 Global Shares Fund from Iain Fulton

Iain is a Portfolio Manager within the Global Equity Team based in Edinburgh. In this video, Ian explains his global investment philosophy, the objectives of this portfolio, and the concept of future quality. Iain also talks us through the long term focus on sustainability and what's personally satisfying about doing what he does. Find out more about the GoalsGetter Global Shares Fund from Iain Fulton in the video now.

Commentary

As of 31 May 2026

Market Overview

  • After a very strong April, global equity markets remained constructive in May as investors continued to price in geopolitical de-escalation.
  • The rally was narrow and technology led. Semiconductors, technology hardware and selected software names drove the bulk of gains, while more defensive, energy-related and selected financial exposures lagged.
  • Key sector drivers centred on AI, with broad participation but clear leadership in growth-oriented areas: the information technology (15.84%) and communication services (11.21%) sectors were the top performers (with semiconductors soaring 24%).

Fund Highlights

  • The fund returned -0.64% for the month, underperforming the benchmark which returned 3.41%.
  • Positive contributors to performance over the month included Compass Group, IQVIA Holdings and Microsoft Corporation.
  • Negative contributors to performance included US Foods Holding, Rakuten Bank and SMC Corporation.
  • The fund was under-weight in the highest beta segments, namely DRAM and NAND manufacturers, especially across Asia, which experienced outsized gains. This positioning accounted for the majority of the relative underperformance, contributing more than three-quarters of the total shortfall.

Performance

GoalsGetter Amova Global Shares Fund
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Performance

at 31 May 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 -1.30 0.74 0.25 13.10 8.70
Appropriate Market Index (AMI)2 3.41 7.78 29.91 22.34 15.90
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: MSCI ACWI, with net dividends reinvested unhedged in NZD.

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
Nvidia Corp 8.48%
Amazon Com Inc 6.38%
Microsoft Corp 5.99%
Broadcom Corp Com 4.70%
Asm International Nv 3.08%
Compass Group Ord GBP0 1105 2.97%
NZD BNP Paribas A/C 2.95%
Netflix Inc 2.79%
Coca-Cola Europacific Partners 2.54%
Criteria Caixacorp Sa 2.51%