Our KiwiSaver Scheme Funds

GoalsGetter Amova Conservative Fund

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About the fund

This fund aims for more modest investment returns which grow steadily over time, keeping ups and downs to a minimum. The fund does this by investing mostly in bonds and cash, but also has a moderate exposure to shares.

Risk Indicator (volatility)

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3 Medium
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Target Asset Allocation

Growth 23.00%
Income 77.00%

Risk Indicator (volatility) Scale

This number indicates the relative 'risk' level of this fund based on the types of assets it is invested in, ranging from level 1 (least risky) to 7 (most risky).

Risk category Description of volatility
1 Very low
2 Low
3 Medium
4 Medium to High
5 High
6 Very high
7 Extremely high

The risk indicators are calculated using returns of the funds, the returns of the fund’s market index or a combination of both, for the previous five years. Index returns or a mix are used if the fund has existed for less than five years. All Managers are required to use the same methodology so you can compare the risk of different funds if you are researching more than one manager.

Find out more about the GoalsGetter Amova Conservative Fund from Alan Clarke

Hear from Alan Clarke, Portfolio Manager. In this video, he explains what an average day in his job looks like and how the GoalsGetter Amova Conservative Fund works.

Commentary

As of 30 June 2026

Market Overview

  • Q2 2026 saw the strongest quarterly return for global equities since the Q2 2020 Covid rebound.
  • Global bonds also delivered solid returns with yields remaining relatively stable even as inflation readings remained uncomfortably high from higher energy prices.
  • Economic data continued to paint a mixed picture in many countries. US economic data remained resilient, and this combined with some more hawkish rhetoric from the Federal Reserve contributed to a stronger US dollar.
  • Other central bank activity saw hikes from the European, Japanese and Australian central banks in an effort to keep inflation in check.

Fund Highlights

  • The Conservative Fund posted a strong return over June and an exceptionally strong return for the second quarter of 2026.
  • The Global Bond Fund outperformed during the second quarter of 2026, with positive contributions from rates positioning, sector allocation and security selection.
  • Local bonds had a very strong second quarter, comfortably outperforming their global counterparts.
  • The Multi-Manager Global Equity Fund outperformed the benchmark in June, but did not keep pace with the strong returns over the quarter.

Performance

GoalsGetter Amova Conservative Fund
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Performance

at 30 June 2026
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 1.14 4.04 5.01 6.24 2.60
Appropriate Market Index (AMI)2 0.97 3.69 6.89 6.88 3.26
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: Composite - refer to the GoalsGetter KiwiSaver Scheme SIPO

AMI (appropriate market index) is a theoretical portfolio with similar underlying assets as the fund. This allows investors to see a comparison of how the value of those assets have changed in the market relative to the fund.  

5 year cumulative performance $10,000 invested

Top 10 Holdings

Security Name Percentage
Life Cycle Concentrated Global Share Fund Class Z 4.34%
Japan Treasury Disc Bill 060726 0.00 Gb 2.10%
NZ Government 2.75% 15/04/2037 1.82%
NZD BNP Paribas A/C 1.79%
NZ Government 150541 1.75 GB 1.66%
New Zealand Government 150536 4.25 Gb 1.51%
NZ Government Bond 2% 15/05/2032 1.33%
NZ Government 150534 4.25 Gb 1.15%
French Discount T-Bill 020926 0.00 Gb 1.13%
Rabobank NederlandNZ 190628 FRN 0.84%