Using the most recent returns from May 2022, we will examine JUNO’s recent KiwiSaver Performance.
JUNO is managed by Pie Funds Management Limited, a relatively new KiwiSaver Scheme. JUNO manages over NZ$500m in asset under management and has over 15,000 KiwiSaver members via its three KiwiSaver funds.
During the first week of May, a global sell-off commenced, led by U.S. technology firms, which recorded their largest one-day fall since June 2020. Investors across the world are frightened by high inflation and rising interest rates after the US Federal Reserve’s decision to increase interest rates by 0.50% compared to its prior projection, putting pressure on other central banks around the world to perform aggressive hikes to combat inflation.
Table of Contents
Performance of JUNO KiwiSaver Funds
Performance of JUNO KiwiSaver Funds
|
1 month |
3 months |
1 year |
3 years (p.a.) |
Since Inception |
|
|
Conservative |
-1.38% |
-4.02% |
-7.76% |
1.97% |
1.92% |
|
Balanced |
-2.38% |
-6.91% |
-14.84% |
4.43% |
4.14% |
|
Growth |
-3.28% |
-9.51% |
-21.04% |
7.71% |
7.69% |
*Sourced from JUNO Fund Performance Report
* These returns are to 30 April 2022 and are before tax and after fund management fees. Past performance is not necessarily an indicator of future performance, and return periods may differ.
Note: The following information is sourced from JUNO Quarterly Fund updates published on 3 May 2022
JUNO Conservative Fund
The JUNO Conservative Fund aims to provide exposure to a portfolio of fixed interest and cash, with a modest allocation to equities. Therefore, the objective is to achieve modest capital growth over three to five years. The Conservative Fund has a 1-month return of -1.38% and a 1-year return of -7.76% lower than the since inception return of 1.92%.
*The following is sourced from JUNO Conservative Fund Update
Returns
Fees
The total annual fees for investors in the JUNO Conservative Fund are 0.67% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows JUNO’s top 10 investments in the Conservative Fund, which make up 49.94% of the fund.
JUNO Balanced Fund
The JUNO Balanced Fund aims to provide exposure to a portfolio of fixed interest and cash, with a modest allocation to equities. Therefore, the objective is to achieve modest capital growth over five to ten years. The Balanced Fund has a 1-month return of -2.38% and a 1-year return of -14.84% lower than the since inception return of 4.14%.
*The following is sourced from JUNO Balanced Fund Update
Returns
Fees
The total annual fees for investors in the JUNO Balanced Fund are 0.60% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows JUNO’s top 10 investments in the Balanced Fund, which make up 32.53% of the fund.
JUNO Growth Fund
The JUNO Growth Fund aims to provide exposure to a portfolio of fixed interest and cash, with a modest allocation to equities. Therefore, the objective is to achieve modest capital growth over three to five years. The Growth Fund has a 1-month return of -1.38% and a 1-year return of -7.76% lower than the since inception return of 1.92%.
*The following is sourced from JUNO Growth Fund Update
Returns
Fees
The total annual fees for investors in the JUNO Growth Fund are 0.62% per year.
Investment mix
The investment mix shows the type of assets that the fund invests into.
Top ten investments
This table shows JUNO’s top 10 investments in the Growth Fund, which make up 31.03% of the fund.
Data for JUNO KiwiSaver funds have been sourced from JUNO KiwiSaver Funds. Past performance is not necessarily an indicator of future performance, and return periods may differ.
To see if JUNO has the appropriate fund that aligns with your values, retirement goals and situation, complete National Capital’s KiwiSaver Healthcheck.