At JUNO, we like to keep things simple. That’s why you pay just one, low fixed monthly fee, based on the size of your balance. The less you pay in fees, means there’s more money left for you to benefit from returns. It’s simple – low fees means more money for you!
Most other providers charge multiple fees, and they’re usually percentage based. This can eat into your hard-earned balance. We reckon high fees are a real rip-off! That’s why we have one simple low fee.
Members aged under 13
Free
Members aged between 13 and 17 OR balances under $5k
$2.50month
Balances $5k to under $15k
$5month
Balances $15k to under $25k
$8month
Balances $25k to under $50k
$20month
Balances $50k to under $75k
$40month
Balances $75k to under $100k
$60month
Balances $100k to under $200k *
$90month
*After which you will be charged an extra $30 per month for every additional $100k invested (e.g. if you have a balance of $200k you will be charged $90 + $30 ($120) per month)
* Effective 1st December 2020, previous fees structure applies prior to this date
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, fixed income 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, 10% the return for fixed income and 10% 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).