Commentary

As of 31 July 2026

Market Overview

  • Global equity markets were mixed over the month with key drivers being corporate earnings results in the US, continued conflict in the Middle East and central bank interest rate decisions.
  • The US S&P 500 index fell 0.1%, the UK FTSE 100 index rose 3.5%, the Japanese Nikkei 225 lost 8.1%, the Australian ASX 200 index added 2.3% and the MSCI World index ended the month down 0.3%.
  • The S&P/NZX 50 index ended the month up 0.6%.

Fund Highlights

  • The fund ended the month up 0.6%, in line with the index return.
  • Ahead of June period-end earnings results to be released in August, several companies provided updates including Fletcher Building upgrading guidance and Spark and A2 Milk reconfirming their guidance numbers.
  • Mainfreight provided a strong trading update at its Annual Shareholder Meeting.
  • Underweight positions in Mercury and Port of Tauranga and an overweight position in Mainfreight added value.
  • Overweight positions in NextDC, Infratil and an underweight position in Fletcher Building detracted from value.

Performance

GoalsGetter Amova SRI Equity Fund
Open Close

Performance

at 31 July 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 0.37 6.33 4.89 3.85 2.34
Appropriate Market Index (AMI)2 0.59 6.27 7.56 5.14 2.48
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: S&P/NZX 50 Index Gross with Imputation Credits.

    The Amova KiwiSaver Scheme SRI Equity Fund transitioned from core strategy to SRI strategy in February 2022.

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

GoalsGetter KiwiSaver Scheme

Top 10 Holdings

Security Name Percentage
Fisher & Paykel Healthcare 17.24%
Infratil Limited 13.31%
Auckland International Airport Ltd 9.58%
Contact Energy Limited 8.14%
Meridian Energy Ltd NPV 6.36%
Mainfreight Limited 5.73%
EBOS Group Limited 4.38%
A2 Milk 4.14%
Spark New Zealand Ltd 3.81%
Freightways Limited 3.01%