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 28 February 2026

Market Overview

  • Global equities delivered a mixed yet generally positive performance in February 2026, demonstrating resilience amid ongoing geopolitical tensions and sector rotation.
  • Overall, global equity markets continued their solid upward trend from the ‘Liberation Day’ drawdown, with leadership broadening beyond US mega-caps.
  • Non-US markets, including Japan, UK, Korea, and Taiwan, outperformed the US, supported by earnings recovery and fiscal support.
  • In terms of a big picture view, “old economy” stocks, cyclicals and commodities beat US mega-cap growth and internet stocks.

Fund Highlights

  • The fund returned -2.86% for the month, underperforming the benchmark which returned 2.10%.
  • Positive contributors to performance over the month included Coca-Cola Europacific Partners (CCEP), Netflix and Encompass Health Corporation.
  • February saw a sharp market rotation away from growth and “Future Quality” stocks toward value and cyclicals which created a difficult environment for the fund’s investment style.
  • Negative contributors to performance included IQVIA Holdings, Amazon.com and Rakuten Bank.

Performance

GoalsGetter Amova Global Shares 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 -3.25% -8.79% -1.55% 13.98% 10.45%
Appropriate Market Index (AMI)2 2.10% 0.81% 15.97% 22.02% 16.09%
  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 7.33%
Microsoft Corp 5.48%
Amazon Com Inc 5.40%
NZD BNP Paribas A/C 4.47%
Broadcom Corp Com 3.31%
Criteria Caixacorp Sa 2.86%
Intesa Sanpaolo Spa 2.70%
Dbs Group Holdings Ltd 2.60%
Sony Corp Y50 2.53%
Bio Techne Corp Com USD0.01 2.45%