Amova Asset Management New Zealand Limited
GoalsGetter Milford Conservative Fund
GoalsGetter KiwiSaver SchemeConservative
What the provider says about this fund
A diversified fund that primarily invests in fixed interest securities, with a moderate allocation to equities. Aims to achieve moderate returns after the base fund fee but before tax and before the performance fee (if applicable) and protect capital over the minimum recommended investment timeframe.
1-year return
1.03%
5-year return p.a.
2.32%
Total annual fee
1.15%
Fund size ($m)
1.7
Members
33
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
16.38%
Income assets
83.62%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 6.15% | 4.00% | 5.79% |
| Cash and equivalents | 13.67% | 7.00% | 20.22% |
| Commodities | 0.02% | 0.00% | 0.07% |
| International bonds | 35.87% | 50.00% | 27.47% |
| International shares | 6.98% | 9.00% | 14.45% |
| Listed property | 3.23% | 5.00% | 1.47% |
| New Zealand bonds | 34.08% | 25.00% | 29.28% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Milford Conversative Fund | Fund | Fund | NZ | 99.09% |
| 2 | Cash and cash equivalents | Cash | Cash and Cash Equivalents | NZ | 0.91% |
Fees
1.15% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.84% | $252 | 0.70% |
| Other fees | 0.21% | $63 | 0.11% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.15% | $345 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2026 | 1.03% | 3.96% |
Documents
- Full portfolio holdings (spreadsheet)
- 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 |