Amova Asset Management New Zealand Limited
GoalsGetter Amova NZ Cash Fund
GoalsGetter KiwiSaver SchemeDefensive
What the provider says about this fund
The fund aims to outperform the Bloomberg NZ Bond Bank Bill Index by 0.20% p.A. Over a rolling three-year period before fees, expenses and taxes. The fund aims to provide investors with regular income by constructing an actively managed investment portfolio of short-term deposits and bonds whilst preserving capital value.
1-year return
2.34%
5-year return p.a.
2.64%
Total annual fee
0.50%
Fund size ($m)
4.1
Members
78
Inception date
3 April 2018
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
0.00%
Income assets
100.00%
| Asset class | Actual | Target | Average for Defensive funds |
|---|---|---|---|
| Australasian shares | 0.00% | 0.00% | 0.11% |
| Cash and equivalents | 74.70% | 100.00% | 48.53% |
| Commodities | 0.00% | 0.00% | 0.00% |
| International bonds | 0.00% | 0.00% | 22.70% |
| International shares | 0.00% | 0.00% | 0.12% |
| Listed property | 0.00% | 0.00% | 0.09% |
| New Zealand bonds | 25.30% | 0.00% | 28.46% |
| Unlisted property | 0.00% | 0.00% | 0.05% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Rabobank NederlandNZ 190628 FRN | Bonds | New Zealand Fixed Interest | NL | 5.41% |
| 2 | Kiwibank Ltd 130628 FRN | Bonds | New Zealand Fixed Interest | NZ | 4.32% |
| 3 | Rabobank NederlandNZ 200229 Frn | Bonds | New Zealand Fixed Interest | NL | 3.71% |
| 4 | ASB Bank Limited 181027 FRN | Bonds | New Zealand Fixed Interest | NZ | 3.52% |
| 5 | Kiwibank Ltd 150328 FRN | Bonds | New Zealand Fixed Interest | NZ | 3.41% |
| 6 | MUFG Bank Ltd Auckland Branch 241126 FRN | Cash | Cash and Cash Equivalents | NZ | 2.81% |
| 7 | Toyota Finance New Zealand Ltd 110926 Frn | Cash | Cash and Cash Equivalents | NZ | 2.56% |
| 8 | KiwiBank 2.635% 05/10/2026 | Cash | Cash and Cash Equivalents | NZ | 2.55% |
| 9 | BNZ 1.884% 08/06/2026 | Cash | Cash and Cash Equivalents | NZ | 2.47% |
| 10 | Toyota Fin New Zealand 300927 Frn | Bonds | New Zealand Fixed Interest | NZ | 2.28% |
Fees
0.50% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Defensive funds |
|---|---|---|---|
| Management fees | 0.40% | $120 | 0.46% |
| Other fees | 0.00% | $0 | 0.06% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 0.50% | $150 | 0.57% |
Yearly returns
| Year ending | Fund return | Average for Defensive funds |
|---|---|---|
| 31 March 2019 | 1.89% | 2.39% |
| 31 March 2020 | 1.29% | 1.67% |
| 31 March 2021 | 0.99% | 1.64% |
| 31 March 2022 | 0.37% | -1.81% |
| 31 March 2023 | 2.29% | -0.19% |
| 31 March 2024 | 4.27% | 3.49% |
| 31 March 2025 | 3.95% | 3.79% |
| 31 March 2026 | 2.34% | 2.09% |
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 |
|---|---|---|
| Fergus Mcdonald | Head of Bonds & Currency and Member of Investment Committee | 25 years, 9 months |
| Ian Bellew | Fixed Income Manager | 14 years, 3 months |
| Matthew Johnson | Fixed Income Manager | 7 years, 6 months |
| Stuart Williams | Managing Director and Chair of Investment Committee | 3 years |