Using the most recent returns and fund update reports from June 2022 Quarter, we will examine JUNO’s recent KiwiSaver Performance.
JUNO, established in August 2018, is a New Zealand KiwiSaver provider which offers three funds conservative, balanced and growth funds. JUNO is managed by Pie Funds Management Limited, a relatively new KiwiSaver Scheme which manages approximately NZ$500m in assets under management and has over 15,000 KiwiSaver members.
In the June quarter, the cost of living in New Zealand significantly increased due to the negative impacts of Covid-19 and the Russian invasion of Ukraine. Furthermore, the Reserve Bank Of New Zealand (RBNZ) reports that inflation has reached a 32-year high of 7.3%. In response to this, the RBNZ has increased the official cash (OCR) to 3.0% percent taking it to a seven-year high to reduce inflation. Therefore, these societal and economic pressures have made it difficult for markets to perform, which can be seen in the returns for this quarter.
Table of Contents
Performance of JUNO KiwiSaver Funds
JUNO Conservative Fund
JUNO Balanced Fund
JUNO Growth Fund
Performance of JUNO KiwiSaver Funds
|
1 Month |
3 Month |
1 Year |
3 Year |
Since Inception |
|
|
Conservative |
-1.51% |
-0.69% |
-9.07% |
1.03% |
1.49% |
|
Balanced |
-2.69% |
-2.01% |
-18.19% |
2.02% |
2.95% |
|
Growth |
-3.51% |
-3.23% |
-26.12% |
3.44% |
5.59% |
Sourced from JUNO fund performance report.
* These returns are to 31 August 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 31 August 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 -1.51% and a 1-year return of -9.07%, which is lower than the since inception return of 1.49%.
*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 in.
Top ten investments
This table shows JUNO’s top 10 investments in the Conservative KiwiSaver Fund, which comprise 51.34% 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 -2.69% and a 1-year return of -18.19%, lower than the since inception return of 2.95%.
*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 in.
Top ten investments
This table shows JUNO’s top 10 investments in the Balanced KiwiSaver Fund, which comprise 25.78% of the fund.
JUNO Growth Fund
The JUNO Growth Fund aims to provide exposure to a fixed-interest and cash portfolio, 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 -3.51% and a 1-year return of -26.12%, lower than the since inception return of 5.59%.
*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 in.
Top ten investments
This table shows JUNO’s top 10 investments in the Growth KiwiSaver Fund, which comprise 22.19% 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.