¹Growth was a top performer in the KiwiSaver Multi-sector growth category (32 funds), Balanced was a top performer in the KiwiSaver Multi-sector balanced category (30 funds) and Conservative was a top performer in the KiwiSaver Multi-sector moderate category (24 funds). Based on 12-month returns to 31 December 2020 in the Morningstar KiwiSaver Survey December Quarter 2020. Morningstar does not rank all KiwiSaver providers.
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 one low fixed monthly fee of $8.00, versus the Morningstar industry average fee of $19.75 for a KiwiSaver balance of $20,000 in a Growth fund, according to Morningstar data as at 31 December 2020. Morningstar does not rank all KiwiSaver providers. We’ve used $20,000 as this is close to the average KiwiSaver balance (FMA 2020 KiwiSaver Annual Report).
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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.