JUNO KiwiSaver Scheme fees are different. We charge you a monthly dollar amount, not a percentage of your balance. We’ve made it easy for you to see what your after-fee return could have been for the 3 years (36 months) to 31 December 2021 if you were a JUNO member. Just enter your KiwiSaver balance and the tool will show you what your after-fee returns would have been (to make this simpler, we assume the balance you enter was stable over the 3 years).
Our active management and one low monthly fee help grow your KiwiSaver returns!
For the provided balance we calculate what the fees (as a percentage of balance) would be over a three-year period, and reduce the total return by this amount. We then calculate the after-fee annual growth rate for the three years. Note, this calculator is designed to show you how fees affect returns in general. Your individual returns will be affected by your specific account activity. For the purpose of this calculator, we calculate the total fees as a percentage of the starting balance.
A market index contains similar assets and has similar risk to the JUNO funds, and so is a good reference point for judging performance. Every fund type is made up of a different mix of asset types.
Each asset type (equities, fixed income and cash) in each fund has a market index. So, the market index figures shown combine two or more market indices, depending on the assets in the fund. For example, the JUNO Growth Fund combines market indices for equities, fixed income and cash. Finally, the combination of market indices for each fund is weighted according to its target asset mix.
For example, the market index return for the JUNO Growth Fund is 80% the return of the market index for equities, 10% the return for fixed income and 10% the return of the market index for cash. More information about the JUNO KiwiSaver Scheme market indices can be found in the Statement of Investment Policy and Objectives (SIPO).