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.
Pie Funds recently launched its KiwiSaver offer, Juno, which is free for young people up to 18. This solves the problem of fees eating away at a balance.
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.
See how lower KiwiSaver fees can help your savings grow.
You could save up to
$251,417 more
with the JUNO KiwiSaver Scheme
Your KiwiSaver balance at retirement
with JUNO: with other providers:
View savings graph How we worked this out
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Market Index
1 year
Since inception* (p.a)
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.
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*For KiwiSaver balance of $20,000. Based on average annual growth fund fee Sorted Fund Finder as at 31 March 2019
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.
JUNO PRICINGFree for under 18s
Experienced fund managers focused on good returns and active management
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100% Kiwi owned and operated - all our staff work in New Zealand
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