JUNO Returns vs Industry Returns


Growth was 1st in the KiwiSaver Multi-sector growth category (32 funds), Balanced was 2nd in the KiwiSaver Multi-sector balanced category (30 funds) and Conservative 5th in the KiwiSaver Multi-sector moderate category (22 funds). Based on 12-month returns to 30 June 2020 in the Morningstar KiwiSaver Survey June Quarter 2020.

Morningstar results are after fees and before tax. JUNO charges a flat dollar fee based on balance, so it is not possible to incorporate a percentage fee accurate for all members in the funds after tax return. Morningstar has adopted its global policy for dollar-based fees, to the JUNO funds in this instance. We have chosen a conservative KiwiSaver balance, of $10k, and applied the JUNO fee for that balance ($60) to get 0.60%. We have deducted that from the return we generate using its unit prices, which are pre fee. This percentage impact to each member is likely to be higher, or lower, than this figure. Past performance is not an indicator for future returns. 

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Pie Funds Management Limited (Pie Funds) is the issuer and manager of the JUNO KiwiSaver Scheme. View the Product Disclosure Statement at www.junokiwisaver.co.nz. Before investing, you may want to obtain financial advice. Past performance is not an indicator for future returns.