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This fund aims for strong investment growth over the long term, with a greater likelihood of ups and downs along the way. The fund does this by investing mostly in shares, with a moderate exposure to other assets such as bonds
and alternatives.
Risk Indicator (volatility)
Target Asset Allocation
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.
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 Growth Fund works.
| One month | Three months | One year | Three years (p.a) | Five years (p.a) | |
|---|---|---|---|---|---|
| Fund performance1 | 0.32% | 0.52% | 8.55% | 12.17% | 4.41% |
| Appropriate Market Index (AMI)2 | 0.40% | 2.16% | 12.23% | 14.62% | 7.66% |
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.
| Security Name | Percentage |
|---|---|
| Life Cycle Concentrated Global Share Fund Class Z | 15.40% |
| Infratil Limited | 2.28% |
| NZD BNP Paribas A/C | 1.87% |
| Nvidia Corp | 1.86% |
| Microsoft Corp | 1.72% |
| Fisher & Paykel Healthcare | 1.71% |
| Summerset Group Holdings Ltd | 1.55% |
| Amazon Com Inc | 1.55% |
| Kiwi Property Group Limited | 1.55% |
| Spark New Zealand Ltd | 1.54% |
Commentary
As of 31 December 2025
Market Overview
− The final quarter of 2025 saw another strong performance from global equities, and a number of countries/regions saw their share markets reach new all-time highs.
− US treasuries sold off over December despite the US Fed delivering another 0.25% reduction in interest rates.
− Annual inflation in the US eased to 2.7% - below expectations but still some distance from the preferred 2% level.
− Over the year emerging market equities (local currency) delivered returns of nearly 30%, comfortably ahead of developed markets for the first time since 2019.
Fund Highlights
− The Growth Fund posted a small gain over both December and the fourth quarter of 2025, behind the return of the benchmark in both cases.
− Relative performance for the quarter was strong for global bonds and local property, while global and local equities underperformed.
− Global equities outperformed over December but trailed the broader market for the quarter with three of the four managers behind benchmark.