Investnow Russell Investments Global Fixed Interest Fund

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Type: Defensive fund
Past Returns: No 3 year data yet

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

Annual Fees: 0.79%

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

Aker BP Asa 0.06%
BP Capital Markets PLC 0.12%
Chevron Corp 0.05%
Conocophillips Company 0.12%
Crestwood Mid Partner Lp 0.01%
Ecopetrol SA 0.04%
Energy Transfer Operatng 0.06%
Evraz PLC 0.02%
Kazmunaygas National Co 0.03%
Kinder Morgan Ener Part 0.01%
Mplx Lp 0.02%
Perusahaan Listrik Negar 0.06%
Petroleos Mexicanos 0.63%
Pt Pertamina (Persero) 0.01%
Reliance Industries Ltd 0.03%
Total Capital Intl SA 0.16%
Wintershall Dea Finance 0.04%

Weapons

Alcohol

Anheuser-Busch Inbev SA/ 0.07%
Anheuser-Busch Inbev Wor 0.02%
Greene King Finance PLC 0.08%

Human Rights & Environmental Violations

Adani Ports and Special 0.05%
Bayer AG 0.19%
Chevron Corp 0.05%
Johnson & Johnson 0.13%

Animal Testing

Bayer AG 0.190%
Chevron Corp 0.050%
General Mills Inc 0.080%
Johnson & Johnson 0.130%
Kraft Heinz Foods Co 0.020%
Mont Blanc Capital Corp 0.220%
Orbia Advance Corp Sab 0.030%
Procter & Gamble Co/The 0.060%
Reckitt Benckiser Tsy 0.240%
Reliance Industries Ltd 0.030%
Unilever Capital Corp 0.190%
Wr Grace & Co-Conn 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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.

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

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 Wed June 30th 2021.

Showing the top 10 investments for this fund:

  • New Zealand Dollar Cash Deposit (State Street Bank & Trust)
    New Zealand Cash and Equivalents
    12.52%
  • US Dollar Cash Deposit (State Street Bank & Trust)
    United States Cash and Equivalents
    2.27%
  • US Treasury Notes/Bills 1.5% 15/08/2026
    United States Int Fixed Interest AAA
    1.17%
  • Bundesrepub. Deutschland 0% 15/08/2030
    Germany Int Fixed Interest AAA
    1.17%
  • Japan 10 Year Government Bond 1% 20/03/2022
    Japan Int Fixed Interest A
    1.12%
  • US Treasury Notes/Bills 0.125% 15/05/2023
    United States Int Fixed Interest AAA
    0.95%
  • US Treasury Notes/Bills 0.375% 30/04/2025
    United States Int Fixed Interest AAA
    0.94%
  • Japan 10 Year Government Bond 0.1% 20/06/2029
    Japan Int Fixed Interest A
    0.92%
  • US Treasury Notes/Bills 2.75% 31/05/2023
    United States Int Fixed Interest AAA
    0.88%
  • Goldman Sachs Ccp USD Cash 0% 31/12/2080
    United States Int Fixed Interest
    0.82%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register Wed June 30th 2021.

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

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 17.78%
New Zealand Fixed Interest 0.0% -0.05%
International Fixed Interest 100.0% 83.98%
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% -1.71%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

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).

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:
    0.17%
  • Animal Testing:
    1.31%
  • Fossil Fuels:
    1.55%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.45%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    0.01%

This data is compiled by Mindful Money from the fund information and portfolios that each KiwiSaver fund has filed with the Disclose register to Wed March 31st 2021 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 the fund’s exclusions policy may not be consistent with its portfolio holdings because the fund might be still implementing its policy change or their policy may be less stringent than the definitions applied by Mindful Money.

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 $18k NZD
Period of data report Wed June 30th 2021
Members 9
Fund started Mon Oct. 5th 2020
Total annual fund fees 0.79%
Total performance based fees 0.0%
Manager's basic fee 0.68%
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 (1 years, 3 months)
Previously: General Manager InvestNow (3 years, 3 months)

Anthony Edmonds

Currently: Investment Committee Member (1 years, 3 months)
Previously: Managing Director Implemented Investment Solutions (10 years, 7 months)

Anthony Sowerby

Currently: Investment Committee Member (1 years, 3 months)
Previously: Commercial Manager InvestNow (1 years, 9 months)

Rachel Weld

Currently: Investment Committee Member (1 years, 3 months)
Previously: Principal Consultant Implemented Investment Solutions (1 years, 4 months)

This information has been sourced from the quarterly data that each KiwiSaver fund has filed with Disclose register to Wed June 30th 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

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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.