¹Growth was 1st in the KiwiSaver Multi-sector growth category (32 funds), Balanced was 1st in the KiwiSaver Multi-sector balanced category (30 funds) and Conservative 1st in the KiwiSaver Multi-sector moderate category (22 funds). Based on 12-month returns to 30 September 2020 in the Morningstar KiwiSaver Survey September 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. Morningstar has chosen a conservative KiwiSaver balance, of $10k, and applied the JUNO fee for that balance ($60) to get 0.60%. Morningstar has 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.
³Comparing JUNO’s fixed monthly fee of $8.00 versus the industry average fee of $19.81 for a KiwiSaver balance of $20,000 in a Growth Fund according to the Morningstar KiwiSaver Survey September Quarter 2020 as at 30 September 2020. We've used $20,000 as this is close to the average KiwiSaver balance (FMA 2020 Annual Survey).
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Pie Funds Management Limited (Pie Funds) is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for the Product Disclosure Statement. Before investing, you may want to obtain financial advice. Past performance is not an indicator for future returns.