Since the JUNO KiwiSaver Scheme launched in August, it’s been a bit of a bumpy ride in the markets! October in particular was a tough month for investors – but we’ve seen improvements since then!

The good news is that because our scheme is actively managed, meaning there are real humans making investment decisions, the team was able to increase the cash levels in the funds. When there’s less money invested in the share market, while it can mean less return, there’s also less risk of losing your hard-earned KiwiSaver money.

It’s just one of the ways we can help your money stay safer at JUNO. Even when the markets dip, we can take steps to help reduce the impact.

JUNO KiwiSaver Scheme returns at 28 February 2019


The returns in the table below assume a PIR of 28% (the highest PIR) and are shown before fees.


1 month 3 months Since inception (1 August 2018)
JUNO Growth Fund
2.67%
2.60%
-0.79%
JUNO Balanced Fund
1.20%
1.33%
-0.98%
JUNO Conservative Fund
0.47%
0.64%
0.11%


To see how fees could affect your balance, see the example further down this page.

JUNO KiwiSaver Scheme Market Index returns

 

1 month 3 months Since inception (1 August 2018)
Market Index for JUNO Growth Fund 3.55% 3.31% -3.41%
Market Index for JUNO Balanced Fund 2.68% 3.00% -2.06%
Market Index for JUNO Conservative Fund 1.20% 1.57% -0.26%

For further information on our market indices, please refer to our Statement of Investment Policy and Objectives (SIPO).

Indices are shown in NZD.

How do returns and fees affect my balance?

 

We’ve created an example below to show you the impact of fees and returns on your KiwiSaver balance.

On January 31 Emma had a balance of $15,000 in the JUNO Balanced Fund. She made no contributions or withdrawals during the month. Emma has advised us that her PIR is 28%.

Emma’s balance on February 28 was $15,175.

Investment returns: $180.00

Fees: $5.00 
 

What is a Market Index?

 

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)


Past performance is not an indicator for future performance. This information is general in nature only and has not taken into account any particular persons’ objectives, goals or circumstances. Before relying on it, we recommend you speak with an expert in this regard.