Commentary

As of 30 June 2026

Market Overview

  • Global equities had a strong quarter with all key markets posting positive returns - helped by a strong reporting season. This was despite ongoing tensions in the Middle East, albeit by the end of the quarter a fragile ceasefire was in place.
  • The United States S&P 500 index rose 14.9%, the UK FTSE 100 index increased 3.2%, the Japanese Nikkei 225 gained 37.2%, the Australian ASX 200 index added 4.1% and the MSCI World index ended the quarter up 14.3%.
  • The S&P/NZX 50 index ended the quarter up 5.6%.

Fund Highlights

  • The fund ended the quarter up 6.4%, 0.8% ahead of the index return.
  • Infratil was in the headlines during the quarter, with its data centre business, CDC, announcing a very large new contract. Infratil also sold down a portion of its Contact Energy holding, raising approximately $495 million.
  • NextDC conducted a $1.5b capital raise to fund the continued development of its data centre portfolio.
  • Mercury and Genesis Energy upgraded earnings guidance while A2 Milk and EBOS downgraded.
  • A number of companies reported their earnings results for the period ended March during the quarter.
  • Overweights Infratil, NextDC, and Vista added value. Overweights Resmed, Spark, and underweight Mercury detracted from value.

Performance

GoalsGetter Amova SRI Equity Fund
Open Close

Performance

at 30 June 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 2.14 5.90 6.25 4.12 2.21
Appropriate Market Index (AMI)2 2.92 5.58 8.83 5.35 2.26
  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 16.54%
Infratil Limited 14.30%
Auckland International Airport Ltd 9.33%
Contact Energy Limited 7.87%
Meridian Energy Ltd NPV 6.59%
Mainfreight Limited 5.07%
The A2 Milk Company Limited 4.44%
EBOS Group Limited 4.00%
Spark New Zealand Ltd 3.80%
Freightways Limited 3.02%