Amova Asset Management New Zealand Limited
GoalsGetter Amova Conservative Fund
GoalsGetter KiwiSaver SchemeConservative
What the provider says about this fund
The Fund aims to achieve a return which exceeds the benchmark return by 1.00% p.A. Over a rolling three-year period before fees, expenses and taxes. The Fund invests across a range of actively managed funds to create a diversified portfolio with a focus on lower risk assets.
1-year return
2.53%
5-year return p.a.
1.59%
Total annual fee
1.00%
Fund size ($m)
2.9
Members
63
Inception date
3 April 2018
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
1
2
3
4
5
6
7
Lower riskHigher risk
Investment mix
Growth assets
21.14%
Income assets
78.86%
| Asset class | Actual | Target | Average for Conservative funds |
|---|---|---|---|
| Australasian shares | 5.44% | 6.00% | 5.79% |
| Cash and equivalents | 17.45% | 15.00% | 20.22% |
| Commodities | 0.00% | 0.00% | 0.07% |
| International bonds | 30.59% | 31.00% | 27.47% |
| International shares | 13.01% | 14.00% | 14.45% |
| Listed property | 2.69% | 3.00% | 1.47% |
| New Zealand bonds | 30.81% | 31.00% | 29.28% |
| Unlisted property | 0.00% | 0.00% | 0.49% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Life Cycle Concentrated Global Share Fund Class Z | Shares | International Equities | AU | 4.03% |
| 2 | NZD BNP Paribas A/C | Cash | Cash and Cash Equivalents | NZ | 3.20% |
| 3 | Japan Treasury Disc Bill 130426 0.00 Gb | Cash | Cash and Cash Equivalents | JP | 2.19% |
| 4 | NZ Government 2.75% 15/04/2037 | Bonds | New Zealand Fixed Interest | NZ | 1.79% |
| 5 | NZ Government 150541 1.75 GB | Bonds | New Zealand Fixed Interest | NZ | 1.60% |
| 6 | NZ Government Bond 2% 15/05/2032 | Bonds | New Zealand Fixed Interest | NZ | 1.37% |
| 7 | New Zealand Government 150536 4.25 Gb | Bonds | New Zealand Fixed Interest | NZ | 1.29% |
| 8 | NZ Government 150534 4.25 Gb | Bonds | New Zealand Fixed Interest | NZ | 1.20% |
| 9 | French Discount T-Bill 270526 0.00 Gb | Cash | Cash and Cash Equivalents | FR | 0.90% |
| 10 | USD BNP Paribas A/C | Cash | Cash and Cash Equivalents | US | 0.90% |
Fees
1.00% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Conservative funds |
|---|---|---|---|
| Management fees | 0.90% | $270 | 0.70% |
| Other fees | 0.00% | $0 | 0.11% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.00% | $300 | 0.86% |
Yearly returns
| Year ending | Fund return | Average for Conservative funds |
|---|---|---|
| 31 March 2019 | 5.42% | 4.43% |
| 31 March 2020 | -0.32% | 1.24% |
| 31 March 2021 | 11.52% | 8.66% |
| 31 March 2022 | -1.48% | -0.64% |
| 31 March 2023 | -2.86% | -1.65% |
| 31 March 2024 | 6.27% | 6.61% |
| 31 March 2025 | 3.79% | 3.59% |
| 31 March 2026 | 2.53% | 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 |
|---|---|---|
| Alan Clarke | Portfolio Manager, Diversified Funds & External Managers and member of the Investment Committee | 2 years, 6 months |
| Stuart Williams | Managing Director and Chair of Investment Committee | 3 years |