Skip to main content.
Skip to top level navigation.

JUNO KIWISAVER SCHEME

JUNO BALANCED FUND

Balanced fund type

Here's what the provider says about this fund:

The Fund invests in various asset types; mostly, over time, in equities and cash. The Fund also invests in global fixed interest as well as the Juno Growth Fund, providing Members with further investment in global fixed interest, equities and cash exposure. Members would choose the Balanced Fund if they have a medium-term investment horizon (or a longer horizon, but low comfort with investing).

Considering switching to this fund? Read the must-knows of switching funds before you start the switching process.

Combined fees

This fund
0.34%
vs
Average
1.14%

The combined fees are how much you would have been charged for the year ended 31 March 2020 on the average KiwiSaver balance.

All the averages you see are for this same type of fund, so you’re comparing apples with apples.

Show fees breakdown

Combined fees include

Membership fees per year

This fund
$0.00
Average
$27.11

Here you’ll find the total breakdown of the combined fees. These don’t include other fees such as for switching or withdrawing.

+ Total fund fees

This fund
0.34%
Average
1.01%
Annual management fee
0.34%
0.87%
Performance-based fees
0.00%
0.01%
Other fees and costs
0.00%
0.15%

Your KiwiSaver money is invested by a professional fund manager, so there are always fees to pay. Fees can have a big impact on your nest egg, especially in the long run, so it pays to keep a close eye on how they add up.

Must-knows of KiwiSaver fees.

Combined fees example

On a balanced fund of $20,300 the annual fees would be approximately:

This fund
$69.02
Average
$231.42

Services

From the September 2020 KiwiSaver provider survey

This fund
58%
vs
Average
82%

We surveyed KiwiSaver providers on how many different ways they help their members with investment options, communicate with members, and the extra services they offer.

So this rating is more about the quantity than the quality of services. 

Show survey categories

Compare services

Help with investment options

This fund
53%
Average
85%

Communications to members

68%
85%

Other services

47%
74%

Here ‘help’ means things like online forms, tools, calculators and information on how to optimise your KiwiSaver. 

More communication is not always better communication, but if the provider gives you options on how you like to be reached, that usually helps.

These extras include a range of additional services that are helpful.

Must-knows of KiwiSaver service

Returns

Since October 2015

This fund
No 5-year
data yet
vs
Average
5.92%

Warning about returns!

These show how funds have performed in the past, but that’s not a good guide to how they’ll perform in the future. Don’t switch funds based on past returns.

Show yearly returns

Compare past returns

All returns shown are after total fund fees (not membership fees) and tax (28% PIR).

Last twelve months

This fund
14.75%
Average
3.36%

April 2019 - March 2020

4.56%
-1.34%

The last twelve months refers to October 2019 to September 2020.

In general, it’s good to look at the longest possible time period when weighing returns. After all, with retirement savings, it’s the long game that counts.

Must-knows of KiwiSaver returns.

More fund details

Balanced fund type

Which is the right type for me?

What’s in this fund

At 30 September 2020

This shows the actual mix of investments that this fund held on 30 September 2020. This mix continually changes because of market swings and managers’ rebalancing, so these percentages are a snapshot. But it will give you a good idea of where your money is being invested.

How this fund invests your money

How this fund invests your money
Cash Bonds Property Shares Other
Assets 38.04 0 0 61.96 0

Fund information

Number of members
1,187
Total value of fund
$34,898,918
Date fund started
01 Aug 2018

More information

More information can be found at:

Top 10 investments

These assets make up 36.24% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 8.65 Bank Of China Term
Cash and cash equivalents NZ 5.58 Bnz Call Account - Nzd
Cash and cash equivalents NZ 3.77 Asb
Cash and cash equivalents NZ 3.01 Transpower New Zealand Ltd
Cash and cash equivalents NZ 2.95 Summerset Group Holdings Ltd
Cash and cash equivalents NZ 2.91 Investore Property Limited
International equities US 2.56 Alibaba Group Holding-Sp Adr
International equities US 2.39 Naspers Ltd
International equities GB 2.32 Boohoo Group Plc
International equities US 2.1 Amazon.Com Inc

Key personnel

Key personnel
Name Current position Time in role
Michael Taylor Executive Director And Ceo 13 years, 3 months
Paul Gregory Chief Operating Officer 0 years, 6 months
Mark Devcich Chief Investment Officer 1 years, 6 months
Victoria Harris Senior Investment Analyst And Portfolio Manager 3 years, 5 months