Amova Asset Management New Zealand Limited
GoalsGetter Amova Growth Fund
GoalsGetter KiwiSaver SchemeGrowth
What the provider says about this fund
The Fund aims to achieve a return which exceeds the benchmark return by 2.00% 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 higher risk assets.
1-year return
3.19%
5-year return p.a.
2.42%
Total annual fee
1.39%
Fund size ($m)
11.7
Members
311
Inception date
3 April 2018
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
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7
Lower riskHigher risk
Investment mix
Growth assets
78.02%
Income assets
21.98%
| Asset class | Actual | Target | Average for Growth funds |
|---|---|---|---|
| Australasian shares | 22.68% | 23.00% | 20.20% |
| Cash and equivalents | 4.87% | 3.00% | 6.14% |
| Commodities | 0.00% | 0.00% | 0.14% |
| International bonds | 9.09% | 9.00% | 8.75% |
| International shares | 48.43% | 50.00% | 51.02% |
| Listed property | 6.91% | 7.00% | 3.65% |
| New Zealand bonds | 8.02% | 8.00% | 7.35% |
| Unlisted property | 0.00% | 0.00% | 0.70% |
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 | 15.00% |
| 2 | NZD BNP Paribas A/C | Cash | Cash and Cash Equivalents | NZ | 3.38% |
| 3 | Infratil Limited | Shares | Australasian Equities | NZ | 2.65% |
| 4 | Nvidia Corp | Shares | International Equities | US | 2.04% |
| 5 | Fisher & Paykel Healthcare | Shares | Australasian Equities | NZ | 1.84% |
| 6 | Contact Energy Limited | Shares | Australasian Equities | NZ | 1.82% |
| 7 | Meridian Energy Ltd NPV | Shares | Australasian Equities | NZ | 1.64% |
| 8 | Spark New Zealand Ltd | Shares | Australasian Equities | NZ | 1.59% |
| 9 | Amazon Com Inc | Shares | International Equities | US | 1.52% |
| 10 | Precinct Properties New Zealand Limited | Property | Listed Property | NZ | 1.52% |
Fees
1.39% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Growth funds |
|---|---|---|---|
| Management fees | 1.29% | $387 | 0.92% |
| Other fees | 0.00% | $0 | 0.10% |
| Performance fees | 0.00% | $0 | 0.00% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.39% | $417 | 1.07% |
Yearly returns
| Year ending | Fund return | Average for Growth funds |
|---|---|---|
| 31 March 2019 | 4.33% | 7.03% |
| 31 March 2020 | -4.10% | -3.37% |
| 31 March 2021 | 31.31% | 28.64% |
| 31 March 2022 | -1.40% | 2.17% |
| 31 March 2023 | -7.56% | -3.69% |
| 31 March 2024 | 16.04% | 14.25% |
| 31 March 2025 | 3.24% | 3.98% |
| 31 March 2026 | 3.19% | 7.60% |
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 |