Amova Asset Management New Zealand Limited
GoalsGetter Milford Balanced Fund
GoalsGetter KiwiSaver SchemeBalanced
What the provider says about this fund
A diversified fund that primarily invests in equities, with a significant allocation to fixed interest securities. Aims to achieve capital growth after the base fund fee but before tax and before the performance fee (if applicable) over the minimum recommended investment timeframe. Aims to generate a return while minimising potential losses.
1-year return
3.13%
5-year return p.a.
3.77%
Total annual fee
1.35%
Fund size ($m)
4.5
Members
93
Inception date
9 May 2024
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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Lower riskHigher risk
Investment mix
Growth assets
54.93%
Income assets
45.07%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 17.32% | 24.00% | 13.93% |
| Cash and equivalents | 6.50% | 8.00% | 7.91% |
| Commodities | 2.22% | 0.00% | 0.17% |
| International bonds | 23.17% | 25.00% | 19.39% |
| International shares | 29.83% | 30.00% | 35.53% |
| Listed property | 5.56% | 7.00% | 2.24% |
| New Zealand bonds | 15.40% | 6.00% | 18.91% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Milford Balanced Fund | Fund | Fund | NZ | 98.26% |
| 2 | Cash and cash equivalents | Cash | Cash and Cash Equivalents | NZ | 1.74% |
Fees
1.35% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.05% | $315 | 0.77% |
| Other fees | 0.20% | $60 | 0.09% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.35% | $405 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2026 | 3.13% | 6.36% |
Documents
- Latest fund update
- Other material information
- Other material information
- Other material information
- Other material information
- Other material information
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Product disclosure statement
- Statement of investment policy and objectives
Key personnel
| Name | Position | Time in role |
|---|---|---|
| James Rogers | Chief Operating Officer and member of the Investment Committee | 9 years |
| Sam Bryden | Head of Distribution and member of the Investment Committee | 3 years |
| Stuart Williams | Managing Director and Chair of Investment Committee | 3 years |