⁶JUNO KiwiSaver Growth Fund received a 4-star Overall Morningstar Rating™ and a 4-Star 3-Year Morningstar Rating™ out of 62 Multisector Growth funds as at 30/06/22. JUNO KiwiSaver Balanced Fund received a 3-star Overall Morningstar Rating™ and a 3-Star 3-Year Morningstar Rating™ out of 68 Multisector Balanced funds as at 30/06/22. JUNO KiwiSaver Conservative Fund received a 3-star Overall Morningstar Rating™ and a 3-Star 3-Year Morningstar Rating™ out of 53 Multisector Moderate funds as at 30/06/22.⁶
JUNO KiwiSaver Growth Fund data
JUNO KiwiSaver Balanced Fund data
JUNO KiwiSaver Conservative Fund data
Morningstar KiwiSaver Survey June Quarter 2022
Morningstar does not rank all fund managers and risk profiles vary between funds.
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. Please refer to the PDS for its fee schedule.
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The Morningstar Rating is an assessment of a fund’s past performance – based on both return and risk – which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. To get a Morningstar Rating (Star Rating), a fund must be at least three years old, and be in a peer group (Morningstar Category) which has at least 10 funds with three-year track records. Morningstar Overall Ratings.
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.