We are proud to say all three of our funds have been ranked as top performers! JUNO Growth, Balanced and Conservative have all been ranked as #1 for the past 12 months (including the first volatile quarter of 2020), according to Morningstar data published quarterly and referred to in the New Zealand Herald.*
These results include the market volatility from coronavirus during February and March, so this is great news!
*Reported by New Zealand Herald referring to Morningstar data for 12-month returns including the first quarter of 2020:https://www.nzherald.co.nz/personal-finance/news/article.cfm?c_id=12&objectid=12328454
Many KiwiSaver fund managers take a bite of any market-beating returns - JUNO KiwiSaver does not
It is clear that JUNO cares about plain language and about giving citizens information in clear, accessible ways!
Juno hand-picks its investments like the majority of providers, but charges a fixed dollar fee rather than a combination of annual fee plus percentage of the investment.
Victoria Harris is one of New Zealand’s up-and-coming fund managers and her message is clear: more women need to move into finance and change this picture.
Juno KiwiSaver is offering what it calls a ‘Netflix-style’ monthly subscription model, calculated on the customer’s level of investment.
The scheme’s fee structure is its main point of difference.
They use an active investing strategy, where a fund manager actively makes decisions about where to invest the scheme’s money, with the aim to outperform the market
This shows you the difference our low fees make to a range of balances in just one year. Investing for your retirement takes a lot longer, so imagine how big that fee difference becomes over 20, 30, 40 years or even longer. Plus, what’s not taken out of your balance in fees, stays in your retirement pot, reinvested month after month, year after year. The difference becomes even larger. If you want to know more about the magic of compounding, click here.
* We charge the same fees for all funds.
How we work this out
JUNO KiwiSaver Scheme fees assume your balance is at year-end and you pay the
applicable JUNO fees, each month.
Inflation measures the expected change over time, of the price of goods and services you want to buy.
A 2% inflation rate, like we use in this calculator, means something costing $100 today is expected to cost $102 next year, just over $104 the following year and so on.
It matters because if the cost of what you want to buy grows faster than your investment, the ‘purchasing power’ of your investment is shrinking. You want the ‘purchasing power’ of your money to at least keep pace with, and ideally beat, the rate of inflation.
Since inception* (p.a)
Returns are before fees and assume a PIR of 28% (the highest PIR).
Inception date is 1st August 2018.
A market index is a metric that can help track performance. A market index contains similar assets and has similar risk to the JUNO funds, and so is a good reference point for judging performance. Every fund type is made up of a different mix of asset types.
Each asset type (equities, fixed income and cash) in each fund has a market index. So, the market index figures shown combine two or more market indices, depending on the assets in the fund. For example, the JUNO Growth Fund combines market indices for equities and cash. Finally, the combination of market indices for each fund is weighted according to its target asset mix.
For example, the market index return for the JUNO Growth Fund is 80% the return of the market index for equities and 20% the return of the market index for cash. More information about the JUNO KiwiSaver Scheme market indices can be found in the Statement of Investment Policy and Objectives (SIPO).
These returns assume a PIR of 28% (the highest PIR) and are shown before fees.
For further information on our market indices, please refer to our Statement of Investment Policy and Objectives (SIPO). Indices are shown in NZD.
KiwiSaver and money don't have to be confusing. Our articles, tools, guides and videos make learning fun and easy.
*For KiwiSaver balance of $20,000. Based on average annual growth fund fee Sorted Fund Finder - last reviewed 1st April 2020
Our fees are based on a monthly subscription model, think Netflix or Spotify.
This structure is like no other in the industry. We only charge one, low, monthly fee based on your balance and we don't take a percentage of your overall investment.
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