Juno Balanced Fund

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)."

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

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

Annual Fees: 0.32%

Annual fees, including membership and % management fee.

A summary of this fund and it's 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 $20M NZD
Members 799
Market index description 20% NZBond Bank Bill Index (NZD)/20% Bloomberg Barclays Global Aggregate Total Return Index Value Unhedged (USD)/ 60% MSCI ACWI IMI Net Total Return Index (USD)
Disclosure Statement Period Tue Dec. 31st 2019
Fund started Wed Aug. 1st 2018
Three-year average return * -- %
Market index past year return 17.50%
Past year return net charges and tax 12.35%
Past year return net of charges gross of tax 13.3%
Market index return since fund started 5.96%
Return since fund started net 5.94%
Total annual fund fees 0.32%
Total performance based fees 0.0%
Manager's basic fee 0.32%
Administration charges 0.0%
Total other charges 0.0
Total other charges currency NZD

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

The past annual returns for this fund. Please note that higher past returns do not always mean higher future returns.

Year Market Average Fund Annual Return

The market index is the average NZ KiwiSaver 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 30 September 2019.

Showing the top 10 investments for this fund:

  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    10.22%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    9.7%
  • BNZ Call Account - NZD
    New Zealand Cash and Equivalents
    8.24%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    7.2%
  • Bank Of China Term Deposit
    New Zealand Cash and Equivalents
    5.64%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    4.08%
  • Bank Of China Term Deposit
    New Zealand Cash and Equivalents
    3.62%
  • ASB Bank Term Deposit A/C
    New Zealand Cash and Equivalents
    3.6%
  • Ishares Core Global Aggregate Bond NZD
    New Zealand Int Fixed Interest
    2.92%
  • Bank Of China Term Deposit
    New Zealand Cash and Equivalents
    2.62%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to 30 September 2019.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 20.0% 65.84%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 20.0% 2.92%
Australasian Equities 0.0% 2.43%
International Equities 60.0% 28.58%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Unknown None% 0.0%
Other 0.0% 0.23%
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 September 2019.

Key Personnel

  • Bianca Fledderus

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

  • Mark Devcich

    Currently: Chief Investment Officer (0 years, 9 months)
    Previously: Head of Research and Portfolio Manager (7 years, 6 months)

  • Michael Taylor

    Currently: Executive Director and CEO (12 years, 6 months)
    Previously: Manager at BOS International (2 years, 0 months)

  • Paul Gregory

    Currently: Group Head of Investments (2 years, 1 months)
    Previously: Director, External Communications and Investor Capability at Financial Markets Authority (2 years, 1 months)

  • Roy Knill

    Currently: Independent Non-Executive Director (6 years, 9 months)
    Previously: Director at Albert St Medical Ltd (16 years, 10 months)

  • Victoria Harris

    Currently: Senior Investment Analyst and Portfolio Manager (2 years, 8 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 30 September 2019.

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:
    0.31%
  • 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 30 September 2019 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

Specific companies invested in:

Fossil Fuel

Universal Coal Plc 0.31%

Download the fund's disclosure statement and portfolio holdings.

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