# Amova Corporate Bond Fund

> Mechanical fund record. Sourced from the FMA Disclose register. ManagedFundsNZ does not give financial advice and does not publish opinion-based ratings.

- **Manager:** Amova (Amova Asset Management NZ Limited)
- **Asset class:** New Zealand Fixed Interest
- **Structure:** NZ Portfolio Investment Entity (PIE) — investor tax capped at PIR (max 28%)
- **Confidence tier:** C (Sorted Smart Investor → FMA Disclose)
- **Last verified:** 2026-05-22

## Summary

The Amova Corporate Bond Fund is a nz fixed interest managed fund run by Amova. Active New Zealand and global equity manager (formerly Nikko AM NZ).

## Investment objective (from PDS)

> To outperform the Bloomberg NZBond Credit 0+ Year Index by 0.70% p.a. over a rolling three-year period before fees, expenses and taxes. Aims to provide investors with regular income by constructing an actively managed investment portfolio of predominantly New Zealand bonds, deposits and cash whilst preserving the capital value.

Source: Product Disclosure Statement dated 2025-08-21 (Tier A, lodged on FMA Disclose register). https://smartinvestor.sorted.org.nz/disclose-document/mdo13fd30b8af09011f243a28e4c8135c84/Amova-Cashand-Fixed-Interest-Product-Disclosure-Statement-1-September-2025.pdf

## Fund data

- **Annual fund charge:** 0.70% p.a. (from the latest Quarterly Fund Update)
- **5-year return (after charges, after tax at 28% PIR):** 1.63% p.a.
- **Risk indicator:** 3/7 on the FMA-mandated standardised scale (1 = lower risk, 7 = higher risk)
- **Fund size (AUM):** NZ$558 million
- **Asset mix:** 0% growth assets · 100% income assets
- **Fund started:** 13 July 2009

## Top 10 holdings

1. Housing NZ 1.534% 10/09/2035 — 3.08%
2. NZ Local Govt Funding Agency 150437 2.00 GB — 2.70%
3. Bank Of New Zealand 010928 0.00 Cb — 2.55%
4. Rabobank Nederlandnz 200231 4.40 Cb — 2.47%
5. Insurance Australia Group Ltd 150628 5.32 Cb — 2.46%
6. Christchurch Intl Airpor 060336 5.08 Cb — 2.41%
7. NZ Local Govt Funding Ag 3% 15/05/2035 — 2.35%
8. Rabo 5.31% 05/04/2029 — 2.22%
9. Christchurch City Hldgs 210532 4.82 Gb — 2.18%
10. Westpac New Zealand Ltd 160932 6.19 Cb — 2.17%

Holdings are disclosed in every Quarterly Fund Update; the full portfolio holdings file is available via the FMA Disclose register.

## Additional terms (from PDS)

- **Distribution cadence:** quarterly

## Scheme disclosures (from OMI)

Scheme-level. The same disclosures apply to every fund in this scheme.

- **Trustee / Supervisor:** Public Trust
- **Auditor:** KPMG
- **Custodian:** BNP Paribas Fund Services Australasia Pty Limited
- **Conflicts of interest disclosed in OMI:** 1

### Conflicts of interest (verbatim from OMI)

- Amova NZ engages related party managers AAME and AAMA (both having common ownership with Amova NZ) to manage underlying assets of certain funds, creating a potential conflict of interest between obtaining best execution/terms and maintaining intra-group relationships.

### Related-party transactions

- **Amova Asset Management Europe Limited (AAME)** (Related party — common ownership with Amova NZ) — Investment management of global equity assets for the Amova Wholesale Global Shares Fund and as an investment manager for the Amova Global Equity Unhedged Fund under an Investment Management Agreement dated 26 June 2017
- **Amova Asset Management Americas Inc. (AAMA)** (Related party — common ownership with Amova NZ) — Manages assets of the Amova ARK Disruptive Fund Innovation Fund (Underlying Fund), implementing the investment strategy as advised by the investment adviser (ARK Investment Management LLC)

Source: Other Material Information document dated 2025-11-24. https://smartinvestor.sorted.org.nz/disclose-document/mdoc6dce8a8f80099b27f95d90911d3267d/Amova-NZ-Investment-Other-Material-Information-24-November-2025.pdf

## How to invest

Available via: Amova directly. Read the current Product Disclosure Statement (PDS) before investing.

## Sources

- **FMA Disclose register** (primary): https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Amova%20Corporate%20Bond%20Fund
- **Product Disclosure Statement:** /disclose-document/mdoeedb925cb6b68880d17e0c758ee568e4/Nikko-AM-Cashand-Fixed-Interest-Product-Disclosure-Statement-29-May-2020.pdf
- **Sorted Smart Investor** (cross-validation): https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10488/OFR10608/FND476/

## Citations (authoritative primary sources)

- FMA Disclose register — https://disclose-register.companiesoffice.govt.nz/ (publisher: Financial Markets Authority, NZ)
- Inland Revenue — PIE / PIR rules — https://www.ird.govt.nz/roles/portfolio-investment-entities
- Financial Markets Conduct Act 2013 — https://www.legislation.govt.nz/act/public/2013/0069/latest/DLM4090578.html
- Sorted Smart Investor (cross-validation only) — https://smartinvestor.sorted.org.nz/

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- **First published:** 2026-05-08
- **Last refreshed:** 2026-05-22
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ManagedFundsNZ is independent. We are not a Financial Advice Provider. This page is general information sourced from the FMA Disclose register; it is not personalised financial advice. Read the current PDS and consider talking to a licensed adviser before investing.