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JUNO KIWISAVER SCHEME

JUNO BALANCED FUND

Juno KiwiSaver Scheme

Conservative 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
0.36%
vs
Average
1.01%

The combined fees are how much you would have been charged for the year ended 31 March 2019 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
$26.57

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
0.36%
Average
0.85%
Annual management fee
0.36%
0.74%
Performance-based fees
0.00%
0.00%
Other fees and costs
0.00%
0.13%

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 conservative fund of $16,400 the annual fees would be approximately:

This fund
$59.04
Average
$165.64

Services

From the September 2018 KiwiSaver provider survey

This fund
70%
vs
Average
81%

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

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Help with investment options

This fund
60%
Average
77%

Communications to members

73%
84%

Other services

80%
82%

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 April 2014

This fund
No 5-year
data yet
vs
Average
4.77%

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.

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Compare past returns

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

Last twelve months

This fund
No 1-year data yet
Average
4.30%

The last twelve months refers to April 2018 to March 2019.

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

Conservative fund type

Which is the right type for me?

What’s in this fund

At 31 March 2019

This shows the actual mix of investments that this fund held on 31 March 2019. 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 72.57 6 0 21.43 0

Fund information

Number of members
224
Total value of fund
$5,244,656
Date fund started
01 Aug 2018

More information

More information can be found at:

www.junokiwisaver.co.nz

Top 10 investments

These assets make up 69.72% of this fund.

Top 10 investments
Kind of investment Country Percentage of the fund Name
Cash and cash equivalents NZ 25.28 Bnz Call Account
Cash and cash equivalents NZ 9.54 Bank Of China Term
Cash and cash equivalents NZ 7.66 Asb
International equities NZ 5.96 Ishares Core Global Aggregate Bond Nzd-H Acc
Cash and cash equivalents NZ 3.94 Bank Of China Term
Cash and cash equivalents NZ 3.87 Bank Of China Term
Cash and cash equivalents NZ 3.85 Asb
Cash and cash equivalents NZ 3.85 Asb
Cash and cash equivalents NZ 3.83 Bank Of China Term
Cash and cash equivalents NZ 1.94 Bank Of China Term

Key personnel

Key personnel
Name Current position Time in role
Michael Taylor Ceo, Cio And Executive Director 11 years, 9 months
Roy Knill Non-Executive Director, Chair Of Investment Committee 6 years, 0 months
Paul Gregory Head Of Investments 1 years, 4 months
Mark Devcich Head Of Research/Portfolio Manager 7 years, 6 months
Victoria Harris Senior Investment Analyst And Portfolio Manager 1 years, 11 months