Our KiwiSaver Scheme Funds

GoalsGetter Amova Growth Fund

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About the fund

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)

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1
2
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4 Medium to High
5
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7
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Target Asset Allocation

Growth 80.00%
Income 20.00%

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 Growth 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 Growth Fund works. 

Commentary

As of 31 October 2025

Market Overview

  • Corporate earnings season was a positive driver of market sentiment over October, with US companies again the standout.
  • A number of regional or national equity markets made new all-time highs on the back of another solid quarterly earnings season and more rate cuts from the US Federal Reserve and other central banks.
  • Japanese equities delivered the strongest return due in part to the unexpected victory of Sanae Takaichi in the Liberal Democratic Party leadership election early in the month.

Fund Highlights

  • Returns for the Growth Fund were strong in October, with all of the underlying strategies posting positive returns.
  • The ‘growth asset classes’ (equities and listed property) posted strong returns around the 1-2% range over the month, with the weaker NZ Dollar versus the US helping unhedged global equities top the monthly performance rankings.
  • NZ bonds delivered strong returns with interest rates moving lower over October.

Performance

GoalsGetter Amova NZ Growth Fund
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Performance

at 31 October 2025
One month Three months One year Three years (p.a) Five years (p.a)
Fund performance1 1.29% 5.34% 11.46% 12.07% 6.33%
Appropriate Market Index (AMI)2 2.19% 7.50% 15.92% 14.40% 9.53%
  1. Returns are before tax and after the deduction of fees and expenses and including tax credits (if any).
  2. AMI: Composite - refer to 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
JPM Global Select Equity X Acc USD 15.54%
Life Cycle Concentrated Global Share Fund Class Z 14.06%
Infratil Limited 2.49%
Contact Energy Limited 1.75%
Fisher & Paykel Healthcare 1.73%
Spark New Zealand Ltd 1.61%
Kiwi Property Group Limited 1.56%
Summerset Group Holdings Ltd 1.51%
Meridian Energy Ltd NPV 1.50%
NEXTDEC Ltd 1.36%