Amova Asset Management New Zealand Limited
GoalsGetter Amova Balanced Fund
GoalsGetter KiwiSaver SchemeBalanced
What the provider says about this fund
The Fund aims to achieve a return which exceeds the benchmark return by 1.50% 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 balanced mix of lower and higher risk assets.
1-year return
3.21%
5-year return p.a.
2.06%
Total annual fee
1.24%
Fund size ($m)
7.1
Members
147
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
59.84%
Income assets
40.16%
| Asset class | Actual | Target | Average for Balanced funds |
|---|---|---|---|
| Australasian shares | 16.36% | 17.00% | 13.93% |
| Cash and equivalents | 6.20% | 5.00% | 7.91% |
| Commodities | 0.00% | 0.00% | 0.17% |
| International bonds | 16.91% | 16.50% | 19.39% |
| International shares | 37.86% | 39.00% | 35.53% |
| Listed property | 5.63% | 6.00% | 2.24% |
| New Zealand bonds | 17.05% | 16.50% | 18.91% |
| Unlisted property | 0.00% | 0.00% | 0.46% |
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 | 11.72% |
| 2 | NZD BNP Paribas A/C | Cash | Cash and Cash Equivalents | NZ | 2.30% |
| 3 | Infratil Limited | Shares | Australasian Equities | NZ | 1.91% |
| 4 | Nvidia Corp | Shares | International Equities | US | 1.60% |
| 5 | Fisher & Paykel Healthcare | Shares | Australasian Equities | NZ | 1.36% |
| 6 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.31% |
| 7 | Precinct Properties New Zealand Limited | Property | Listed Property | NZ | 1.24% |
| 8 | Japan Treasury Disc Bill 130426 0.00 Gb | Cash | Cash and Cash Equivalents | JP | 1.21% |
| 9 | Kiwi Property Group Limited | Property | Listed Property | NZ | 1.19% |
| 10 | Amazon Com Inc | Shares | International Equities | US | 1.19% |
Fees
1.24% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Balanced funds |
|---|---|---|---|
| Management fees | 1.14% | $342 | 0.77% |
| Other fees | 0.00% | $0 | 0.09% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.24% | $372 | 0.91% |
Yearly returns
| Year ending | Fund return | Average for Balanced funds |
|---|---|---|
| 31 March 2019 | 4.89% | 5.82% |
| 31 March 2020 | -3.42% | -1.40% |
| 31 March 2021 | 23.08% | 18.18% |
| 31 March 2022 | -1.29% | 0.77% |
| 31 March 2023 | -6.20% | -2.77% |
| 31 March 2024 | 12.01% | 10.89% |
| 31 March 2025 | 3.48% | 4.36% |
| 31 March 2026 | 3.21% | 6.36% |
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 |