Amova Asset Management New Zealand Limited
GoalsGetter Amova SRI Equity Fund
GoalsGetter KiwiSaver SchemeAggressive
What the provider says about this fund
The fund aims to outperform the S&P/NZX 50 Index Gross (with Imputation Credits) by 3.00% p.A. Over a rolling three year period before fees, expenses and taxes. This fund aims to provide investors with an exposure to New Zealand and Australian equity markets from an actively managed investment portfolio with potential for growth of income and capital. The fund will exclude certain securities under a socially responsible investment framework.
1-year return
2.94%
5-year return p.a.
0.83%
Total annual fee
1.25%
Fund size ($m)
1.6
Members
67
Inception date
3 April 2018
Risk indicator
The official Smart Investor risk indicator uses a scale from 1 to 7.
Investment mix
Growth assets
95.18%
Income assets
4.82%
| Asset class | Actual | Target | Average for Aggressive funds |
|---|---|---|---|
| Australasian shares | 87.50% | 100.00% | 28.28% |
| Cash and equivalents | 4.82% | 0.00% | 1.31% |
| Commodities | 0.00% | 0.00% | 0.09% |
| International bonds | 0.00% | 0.00% | 0.17% |
| International shares | 0.00% | 0.00% | 59.89% |
| Listed property | 7.68% | 0.00% | 8.08% |
| New Zealand bonds | 0.00% | 0.00% | 0.17% |
| Unlisted property | 0.00% | 0.00% | 0.17% |
Top 10 holdings
| Rank | Asset | Asset class | Asset type | Country | % of fund |
|---|---|---|---|---|---|
| 1 | Fisher & Paykel Healthcare | Shares | Australasian Equities | NZ | 15.98% |
| 2 | Infratil Limited | Shares | Australasian Equities | NZ | 10.93% |
| 3 | Auckland International Airport Ltd | Shares | Australasian Equities | NZ | 9.14% |
| 4 | Contact Energy Limited | Shares | Australasian Equities | NZ | 7.11% |
| 5 | Meridian Energy Ltd NPV | Shares | Australasian Equities | NZ | 6.72% |
| 6 | The A2 Milk Company Limited | Shares | Australasian Equities | NZ | 5.96% |
| 7 | EBOS Group Limited | Shares | Australasian Equities | NZ | 4.47% |
| 8 | Spark New Zealand Ltd | Shares | Australasian Equities | NZ | 4.22% |
| 9 | Mainfreight Limited | Shares | Australasian Equities | NZ | 3.88% |
| 10 | NZD BNP Paribas A/C | Cash | Cash and Cash Equivalents | NZ | 3.59% |
Fees
1.25% total annual fee
| Fee type | Fee | Cost per year on a $30,000 balance | Average for Aggressive funds |
|---|---|---|---|
| Management fees | 1.15% | $345 | 0.71% |
| Other fees | 0.00% | $0 | 0.08% |
| Membership fees | 0.10% | $30 | 0.05% |
| Total combined fees | 1.25% | $375 | 0.85% |
Yearly returns
| Year ending | Fund return | Average for Aggressive funds |
|---|---|---|
| 31 March 2019 | 9.32% | 9.96% |
| 31 March 2020 | -2.44% | -6.59% |
| 31 March 2021 | 25.56% | 35.19% |
| 31 March 2022 | -0.17% | 3.36% |
| 31 March 2023 | -1.56% | -4.50% |
| 31 March 2024 | 2.98% | 16.43% |
| 31 March 2025 | 0.05% | 4.58% |
| 31 March 2026 | 2.94% | 12.72% |
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 |
|---|---|---|
| Michael De Cesare | Portfolio Manager | 8 years |
| Michael Sherrock | Head of Equities and Member of Investment Committee | 3 years |
| Stuart Williams | Managing Director and Chair of Investment Committee | 3 years |