Investnow Russell Investments Global Fixed Interest Fund

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Fund type: Defensive fund

Past Returns: No three year data yet

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

Annual Fees: 0.71%

Annual fees, including management and administration fees, but not membership 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

Petroleos Mexicanos 0.23%
Engie SA 0.18%
Vier Gas Transport Gmbh 0.14%
Mitsubishi Corp 0.12%
Enbridge Gas Inc 0.11%
Enbridge Inc 0.11%
Neste Oyj 0.11%
Saudi Arabian Oil Co 0.11%
Enbridge Pipelines Inc 0.10%
Glencore Funding Llc 0.10%
Infraestructura Energeti 0.10%
Totalenergies Capital SA 0.10%
Aes Panama Generation Hl 0.09%
Enterprise Products Oper 0.09%
Exxon Mobil Corporation 0.09%
Energias De Portugal SA 0.08%
Southern Co 0.08%
Williams Companies Inc 0.08%
Arcelormittal 0.07%
Continental Resources 0.07%
Energy Transfer Lp 0.07%
Ongc Videsh Ltd 0.07%
Reliance Industries Ltd 0.07%
Shell International Fin 0.07%
Terega SA 0.07%
Western Midstream Operat 0.07%
Anglo American Capital 0.06%
Berkshire Hathaway Energ 0.06%
Dcp Midstream Operating 0.06%
Devon Energy Corporation 0.06%
Enel Finance Intl Nv 0.06%
Eqt Corp 0.06%
Mplx Lp 0.06%
Petroleos Del Peru SA 0.06%
Terega Sasu 0.06%
Coterra Energy Inc 0.05%
Ecopetrol SA 0.05%
Fortum Oyj 0.04%
Nrg Energy Inc 0.03%
Pioneer Natural Resource 0.03%
Targa Resources Corp 0.02%

Weapons

Walmart Inc 0.09%

Tobacco

Alimentation Couche-Tard 0.09%

Gambling

Las Vegas Sands Corp 0.11%
Sands China Ltd 0.11%
Llpl Capital Pte Ltd 0.09%
Vici Properties / Note 0.08%

Alcohol

Anheuser-Busch Inbev Wor 0.04%

Palm Oil

Llpl Capital Pte Ltd 0.09%

Human Rights & Environmental Violations

Credit Suisse Group AG 0.38%
Wells Fargo & Company 0.35%
Petroleos Mexicanos 0.23%
Bayer US Finance Llc 0.11%
Thermo Fisher Scientific 0.11%
Glencore Funding Llc 0.10%
Mexico Generadora De Ene 0.09%
Nutrien Ltd 0.09%
Energy Transfer Lp 0.07%
Nestle Holdings Inc 0.07%
Ongc Videsh Ltd 0.07%
Shell International Fin 0.07%
Bayer US Finance Ii Llc 0.04%

Animal Testing

Mitsubishi Corp 0.12%
Bayer US Finance Llc 0.11%
Unilever Finance 0.11%
Air Liquide Finance 0.10%
Barry Callebaut Svcs Nv 0.10%
Kraft Heinz Foods Co 0.10%
Tyson Foods Inc 0.10%
3M Company 0.09%
Exxon Mobil Corporation 0.09%
Koninkijke Ahold Dlhaize 0.09%
Nutrien Ltd 0.09%
Pepsico Inc 0.09%
Sherwin-Williams Co 0.09%
Evonik Industries AG 0.08%
Grp Bruxelles Lambert SA 0.08%
Unilever PLC 0.08%
Nestle Holdings Inc 0.07%
Reliance Industries Ltd 0.07%
Shell International Fin 0.07%
Orbia Advance Corp Sab 0.06%
Bayer US Finance Ii Llc 0.04%
Coca-Cola Co/The 0.03%
Rentokil Initial Financ 0.02%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 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, Sustainalytics and research organisations.

Please note that companies may breach more than one of these areas of concern.

The listing of companies of concern is based on definitions used in Mindful Money's methodology. These definitions may be different from the exclusions policy and definitions applied by the fund provider.

Mindful Money uses the term Mindful Funds as our standard for ethical investment and responsible investment. This does not imply that other funds are unethical or that the fund providers that do not meet these standards are unethical providers.

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
2022 -1.63% -3.12%

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • New Zealand Dollar Cash
    New Zealand Cash and Equivalents
    4.53%
  • US Dollar Cash
    United States Cash and Equivalents
    2.05%
  • Japan 5 Year Government Bond 0.1 20/09/2024
    Japan Int Fixed Interest A
    1.97%
  • US Treasury Notes/Bills 0.375 30/04/2025
    United States Int Fixed Interest AAA
    1.78%
  • US Treasury Notes/Bills 1.375 31/08/2026
    United States Int Fixed Interest AAA
    1.69%
  • Japan 20 Year Government Bond 2.2 20/03/2024
    Japan Int Fixed Interest A
    1.48%
  • Japan 30 Year Government Bond 1.5 20/03/2045
    Japan Int Fixed Interest A
    1.26%
  • US Treasury Notes/Bills 0.25 15/05/2024
    United States Int Fixed Interest AAA
    1.19%
  • US Treasury Notes/Bills 1.5 15/08/2026
    United States Int Fixed Interest AAA
    1.14%
  • US Treasury Notes/Bills 2.875 31/05/2025
    United States Int Fixed Interest AAA
    1.14%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Fri Sept. 30th 2022.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 10.54%
New Zealand Fixed Interest 0.0% -1.5%
International Fixed Interest 100.0% 97.59%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -6.63%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Does this fund exclude companies that cause deep concern to New Zealanders? The first column shows if the fund has a credible policy to exclude the issue. The second column shows if there are any current investments (source: Mindful Money research).

Note that the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or the fund’s exclusion policy and thresholds may be different from the definitions applied by Mindful Money.

  • Issue of concern
    Does this fund say it excludes this?
    Actual holdings
  • Adult Entertainment/Pornography:
    0.00%
  • Alcohol:
    0.04%
  • Animal Testing:
    1.88%
  • Fossil Fuels:
    3.37%
  • Gambling:
    0.39%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.79%
  • Palm Oil:
    0.09%
  • Tobacco:
    0.09%
  • Weapons:
    0.09%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Fri Sept. 30th 2022 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, Sustainalytics and research organisations.

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. Similarly Mindful Money uses a broader scope for fossil fuels than the government’s rules for default KiwiSaver funds. The full definitions used in the Mindful Money analysis are here.

In their own words

"Provides exposure to a portfolio of international fixed interest securities and is actively managed using a multi-manager approach. Targets being fully hedged back to New Zealand dollars."

Value $150k NZD
Period of data report Fri Sept. 30th 2022
Members 23
Fund started Mon Oct. 5th 2020
Total annual fund fees 0.71%
Total performance based fees 0.0%
Manager's basic fee 0.6%
Other management and administration charges 0.11%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Mike Heath

Currently: Investment Committee Member (2 years, 6 months)
Previously: General Manager, InvestNow (4 years, 6 months)

Anthony Edmonds

Currently: Investment Committee Member (2 years, 6 months)
Previously: Managing Director, Implemented Investment Solutions (11 years, 10 months)

Anthony Sowerby

Currently: Investment Committee Member (2 years, 6 months)
Previously: Senior Product Manager, Implemented Investment Solutions (1 years, 0 months)

Jason Choy

Currently: Investment Committee Member (0 years, 2 months)
Previously: Chief Investment and Product Officer, InvestNow (0 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Fri Sept. 30th 2022.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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Before investing, consider your investment aims, your values and your risk preferences. You should read the Product Disclosure Statement for the investment fund carefully. It contains the fund’s investment objectives, risks, fees and other information which you should know before investing. This website has a list of the advisers that are registered with the Responsible Investment Association of Australasia. You should contact an investment adviser before investing if you have questions or if you are unclear about the implications of your investment decision.