Fund-vs-fund · International Equities
Amova Global Shares Fund vs Vanguard International Shares Select Exclusions Index Fund
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 difference in this comparison is data availability: the Vanguard International Shares Select Exclusions Index Fund's latest Quarterly Fund Update is not present in this snapshot, meaning its annual fund charge, risk indicator, five-year return, fund size, and asset allocation are all undisclosed here. Any structural comparison on those dimensions is therefore one-sided, and readers should weigh that limitation accordingly.
On the Amova side, the Amova Global Shares Fund discloses a 1.20% annual fund charge, a risk indicator of 5 out of 7, a five-year return of 6.69% per annum, a fund size of approximately NZD 161.9 million, and a growth assets allocation of 98.31%. Its five disclosed top holdings are Nvidia Corp (7.71%), Microsoft Corp (5.42%), Amazon.com Inc (5.40%), Broadcom Corp (3.58%), and Netflix Inc (3.43%), reflecting a concentrated tilt toward large-cap US technology and growth equities.
What can be said structurally is that Vanguard's fund name signals an index-tracking, exclusions-based approach — typically associated with lower fee structures than actively influenced portfolios — while Amova's 1.20% charge sits toward the higher end for international equities index-adjacent strategies. Whether Vanguard's approach, fees, or holdings differ materially in practice cannot be confirmed from this snapshot alone.
Both funds sit in the International Equities category. Verify all figures 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 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 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
Strategy summary not yet ingested.
Full Vanguard Vanguard International Shares Select Exclusions Index Fund profile →Common questions
What's the difference between the Amova Global Shares Fund and the Vanguard International Shares Select Exclusions Index Fund?
Are both funds PIE-taxed in NZ?
Where can I read the official documents for these funds?
