Fund-vs-fund · International Equities
Amova Global Shares Fund vs Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class
Both are International Equities funds available to NZ retail investors. Numbers below are sourced from the FMA Disclose register via Sorted Smart Investor and reflect the latest published quarterly fund updates.
Why these two differ
The most material structural difference in this comparison is data availability: the Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class returns no disclosed figures in our current snapshot — fee, risk indicator, fund size, five-year return, asset allocation, and top holdings are all absent — making a symmetric, quantitative comparison impossible. All figures below therefore describe the Amova Global Shares Fund only.
Amova Global Shares Fund, managed by Amova, sits in the International Equities category with a risk indicator of 5 out of 7. Its annual fund charge is disclosed at 1.20%, and the fund reported a five-year return of 6.69% per annum in its latest Quarterly Fund Update. Fund size stands at approximately NZD 162 million, with 98.31% of assets classified as growth assets — a near-fully equity portfolio. The five largest disclosed holdings are Nvidia Corp (7.71%), Microsoft Corp (5.42%), Amazon.com Inc (5.40%), Broadcom Corp (3.58%), and Netflix Inc (3.43%), indicating a pronounced concentration in US technology and large-cap growth names. The PDS URL in our data links to a Nikko AM document, which investors should treat as potentially mismatched and verify independently.
On the Vanguard side, the name signals a currency-hedged, index-tracking, exclusions-screened strategy — structural features that would ordinarily be material to comparison — but no QFU data is available in our snapshot to confirm charges, returns, or composition.
Always verify all details against each fund's current Product Disclosure Statement and latest Quarterly Fund Update on FMA Disclose before relying on any of this information.
Cached comparison generated 2026-05-21 from each fund's latest FMA Disclose QFU. Regenerated when the underlying facts change.
What's different at a glance
- Amova Global Shares Fund is a NZ PIE (PIR-capped tax). Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class is structured as an Australian Unit Trust — NZ investors pay tax under FIF rules and need to file an annual return.
Where each fund sits in its cohort
Percentile rank vs all 81 international equities funds we've matched on Sorted Smart Investor. Mechanical only — no opinion, no forward-looking view.
Annual fund charge
Lower is better
Amova
1.20%
Highest 23% of cohort
Vanguard
—
—
5-year return p.a.
Past performance — not a predictor
Amova
6.69%
Lower half over 5 years
Vanguard
—
—
Fund size
Larger = more stable, lower close-risk
Amova
NZ$162m
Upper half by size
Vanguard
—
—
| Metric | Amova | Vanguard | Lower / higher is |
|---|---|---|---|
| Annual fund charge | 1.20% | — | Lower is better |
| Risk indicator (1–7) | 5 | — | Higher = more volatility |
| 5-year return p.a. | 6.69% | — | Higher is better (past not future) |
| Fund size | NZ$162m | — | Larger = more stable, lower close-risk |
| Growth / income split | 98% / 2% | — | More growth = higher long-run return + volatility |
| NZ tax structure | PIE (PIR-capped) | AU Unit Trust (FIF rules) | PIE = simpler. FIF = annual return. |
| Currency hedging | — | Hedged to NZD | Hedged smooths NZD/foreign FX moves at a small cost. |
| Responsible investment screening | No | No | Specific exclusions live in each fund's SIPO. |
| Available via | Direct | Direct | Platforms accepting retail subscriptions. |
What each fund says it does
Amova
Amova Global Shares Fund
The fund aims to provide investors with a relatively concentrated actively managed investment portfolio of global equities to achieve long term capital growth. This fund invests in a selection of around 40-50 companies from around the world, covering a diverse range of regions and sectors. This fund has a high level of volatility.Full Amova Amova Global Shares Fund profile →
Vanguard
Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class
Strategy summary not yet ingested.
Full Vanguard Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class profile →Common questions
What's the difference between the Amova Global Shares Fund and the Vanguard International Shares Select Exclusions Index Fund (Hedged) – NZD Class?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
