Juno Balanced Fund

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Not Mindful
Type: Conservative fund
Past Returns: *4.56%

Average annual returns over the past 3 years, after fees and taxes. * indicates less than 3 years of data.

Annual Fees: 0.34%

Annual fees, including any membership and % management fee.

The graph below shows the percentage of the fund invested in each of the worst issues of concern to New Zealanders. Below the graph are listed all the companies this fund invests in, by issue of concern.


Fossil Fuel

Rubis Sca 1.06%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

A summary of this fund and its details.

Number FND10585
Name Juno Balanced Fund
Risk profile Conservative fund
Description The Fund invests in various asset types; mostly, over time, in equities and cash. The Fund also invests in global fixed interest as well as the Juno Growth Fund, providing Members with further investment in global fixed interest, equities and cash exposure. Members would choose the Balanced Fund if they have a medium-term investment horizon (or a longer horizon, but low comfort with investing).
Value $27M NZD
Members 1,017
Market index description 20% NZBond Bank Bill Index/20% Bloomberg Barclays Global Aggregate Total Return Index Value Unhedged/ 60% MSCI ACWI IMI Net Total Return Index
Period of data report Tue June 30th 2020
Fund started Wed Aug. 1st 2018
Three-year average return *4.56%
Market index past year return 4.58%
Past year return net of charges and tax 8.34%
Past year return net of charges gross of tax 9.0%
Market index return since fund started 3.06%
Return since fund started net 6.48%
Total annual fund fees 0.34%
Total performance based fees 0.0%
Manager's basic fee 0.34%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

  • Bianca Fledderus

    Currently: Investment Analyst/Co-Portfolio Manager (2 years, 9 months)
    Previously: Assistant Investment Analyst and Dealer (0 years, 5 months)

  • Mark Devcich

    Currently: Chief Investment Officer (1 years, 3 months)
    Previously: Head of Research and Portfolio Manager (7 years, 6 months)

  • Mark Devcich

    Currently: Chief Investment Officer (1 years, 3 months)
    Previously: Head of Research and Portfolio Manager (7 years, 6 months)

  • Mark Devcich

    Currently: Chief Investment Officer (1 years, 3 months)
    Previously: Head of Research and Portfolio Manager (7 years, 6 months)

  • Michael Taylor

    Currently: Executive Director and CEO (13 years, 0 months)
    Previously: Manager at BOS International (2 years, 0 months)

  • Michael Taylor

    Currently: Executive Director and CEO (13 years, 0 months)
    Previously: Manager at BOS International (2 years, 0 months)

  • Michael Taylor

    Currently: Executive Director and CEO (13 years, 0 months)
    Previously: Manager at BOS International (2 years, 0 months)

  • Paul Gregory

    Currently: Chief Operating Officer (0 years, 3 months)
    Previously: Group Head of Investments (2 years, 1 months)

  • Paul Gregory

    Currently: Chief Operating Officer (0 years, 3 months)
    Previously: Group Head of Investments (2 years, 1 months)

  • Paul Gregory

    Currently: Group Head of Investments (0 years, 3 months)
    Previously: Group Head of Investments (2 years, 1 months)

  • Victoria Harris

    Currently: Senior Investment Analyst and Portfolio Manager (3 years, 2 months)
    Previously: Co-Portfolio Manager at Milford Asset Management (5 years, 10 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Past annual returns for this fund are after fees and taxes. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return
2020 1.07% 4.56%

The market average is the average return for funds of the same risk category, sourced from the Commission for Financial Capability's Sorted website. The fund information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Tue June 30th 2020.

Showing the top 10 investments for this fund:

  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents
    16.45%
  • Bank Of China Term Deposit
    New Zealand Cash and Equivalents
    11.13%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    7.12%
  • Ishares Core Global Aggregate Bond NZD
    New Zealand Int Fixed Interest
    5.72%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    4.85%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    3.01%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    2.28%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    2.24%
  • Alibaba Group Holding-Sp Adr
    United States International Equities
    2.1%
  • Nab Call Account - AUD
    Australia Cash and Equivalents
    1.94%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register 30 June 2020 .

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 53.7%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 20.0% 0.0%
Australasian Equities 0.0% 7.71%
International Equities 60.0% 38.59%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% 0.0%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 June 2020 .

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

The Fund may have investments that are not consistent with their exclusions policy because they are still in the process of implementing their policy.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.00%
  • Animal Testing:
    0.00%
  • Fossil Fuels:
    1.06%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.00%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.00%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Tue June 30th 2020 and Mindful Money analysis of funds within those portfolios. The list of companies of concern has been drawn from ratings agencies and public sources, including the Norwegian Sovereign Fund, NZ Super Fund and research organisations.

Note that the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

Note that many KiwiSaver funds exclude controversial weapons. However, the category of Weapons used in this analysis is broader in scope, covering all munitions, firearms and military weapons.

In their own words: "The Fund invests in various asset types; mostly, over time, in equities and cash. The Fund also invests in global fixed interest as well as the Juno Growth Fund, providing Members with further investment in global fixed interest, equities and cash exposure. Members would choose the Balanced Fund if they have a medium-term investment horizon (or a longer horizon, but low comfort with investing)."

Download the fund's disclosure statement and portfolio holdings.

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