Funds
Russell Investments Hedged Sustainable Global Shares Fund
Fund type: Aggressive fund
Past Returns: *-19.15%Annual Fees: 0.36%
Issues of concern
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.
Key:
- Adult Entertainment/Pornography
- Alcohol
- Animal Cruelty
- Fossil Fuels
- Gambling
- GMOs
- Human Rights & Environmental Violations
- Palm Oil
- Tobacco
- Weapons
Companies of concern
Fossil Fuel
- Exxon Mobil Corporation 0.74%
- Chevron Corp 0.54%
- Shell PLC Ord Eur0.07 0.37%
- Enbridge Inc 0.25%
- Totalenergies Se 0.22%
- Eneos Holdings Inc 0.18%
- Neste Oyj 0.18%
- Reliance Industries Limited 0.17%
- Franco Nevada Corp 0.16%
- Valero Energy Corp 0.14%
- Eog Resources Inc 0.13%
- Iberdrola SA 0.11%
- Sk Innovation 0.11%
- Pioneer Natural Resources Co 0.10%
- Sempra Energy USD 0.10%
- Sk Inc 0.10%
- Vale SA 0.10%
- Conocophillips 0.08%
- Phillips 66 Com Usd0.01 0.08%
- Anglo American PLC 0.07%
- Cheniere Energy Inc 0.07%
- Devon Energy Corporation 0.07%
- Enel Spa 0.07%
- Mitsubishi Corp Y50 0.07%
- Williams Companies Inc 0.07%
- Mitsui & Co Ltd Jpy 0.06%
- Parkland Corp 0.06%
- Public Service Enterprise Group Inc 0.06%
- Consolidated Edison Inc Com Usd0.10 0.05%
- Constellation Energy Corp 0.05%
- Eni Spa 0.05%
- Equinor Asa 0.05%
- Galp Energia Sgps SA-B Shrs 0.05%
- Glencore PLC 0.05%
- Hess Corp 0.05%
- Itochu Corp Jpy 0.05%
- Tc Energy Corp 0.05%
- Diamondback Energy Inc 0.04%
- Engie Aug5 0.04%
- Oneok Inc 0.04%
- Ck Hutchison Holdings Ltd 0.03%
- Lyondellbasell Industries 0.03%
- Pembina Pipeline 0.03%
- Pg and E Corp 0.03%
- Repsol SA 0.03%
- Woodside Energy Group Ltd Ordinary Fully Paid 0.03%
- Adani Enterprises Ltd 0.02%
- Algonquin Power and Utilities Corp 0.02%
- Altagas Income Ltd 0.02%
- Apa Group 0.02%
- Atmos Energy Corp 0.02%
- China Petroleum & Chemical 0.02%
- Citic Limited Npv 0.02%
- Ck Asset Holdings Hk 0.02%
- Energias De Portugal SA 0.02%
- Hong Kong China Ga 0.02%
- Jardine Matheson Holdings Limited 0.02%
- Kansai Electric Power Jpy 0.02%
- Keppel Corp Ltd 0.02%
- Loews Corp 0.02%
- Marubeni Corporation 0.02%
- Nippon Yusen Kk Npv Temp 0.02%
- Northland Power Inc 0.02%
- Osaka Gas Co Ltd Jpy 0.02%
- Osk Mitsui Osk Lines Ltd 0.02%
- Petrochina Co Ltd H 0.02%
- Power Assets Holdings Limited 0.02%
- Sumitomo Corp Jpy 0.02%
- Tokyo Gas Co Ltd 0.02%
- Aker BP Asa Sds 0.01%
- China Longyuan Power Group Corp Ltd 0.01%
- Enagas 0.01%
- Endesa SA 0.01%
- OMV AG 0.01%
- Snam Spa 0.01%
- Ugi Corp Com 0.01%
Weapons
- Walmart Inc 0.49%
- Transdigm Group Inc 0.22%
- Wal Mart De Mexico 0.18%
- Heico Corp Com Usd0.01 0.13%
- Amphenol Corp Cl A 0.09%
- Bharat Electronics Ltd 0.09%
- Heico Corp Com 0.07%
- Elbit Systems Ltd 0.03%
- Teledyne Technologies Inc 0.03%
- Howmet Aerospace I Com USD 0.02%
- Icl Group Ltd 0.02%
- Melrose Industries PLC 0.01%
- Rheinmetall AG 0.01%
Tobacco
- Alimentation Couche Tard Inc 0.08%
Gambling
- Vici Properties Inc 0.05%
- Aristocrat Leisure Ltd 0.02%
- Evolution Ab 0.02%
- Galaxy Entertainment Group Limited 0.02%
- Las Vegas Sands Corp 0.02%
- Mgm Resorts International 0.02%
- Entain PLC 0.01%
- Wynn Resorts Ltd 0.01%
Adult Entertainment/Pornography
- Mgm Resorts International 0.02%
Alcohol
- Diageo Ord 28 101/108P 0.19%
- Pernod-Ricard SA 0.11%
- Anheuser Busch Inbev SA Nv 0.08%
- Tsingtao Brewery Company Limited 0.08%
- Constellation Brands Inc-A 0.07%
- Brown Forman Corp 0.04%
- Heineken Nv 0.04%
- Weichow Moutai Co Ltd 0.04%
- Asahi Group Holdings Ltd 0.03%
- Ambev SA Com Npv 0.02%
- Carlsberg As - B 0.02%
- Heineken Holding Nv 0.02%
- Kirin Holdings Co Ltd 0.02%
- Molson Coors Beverage Co 0.02%
- Treasury Wine Estates Limited 0.02%
- Wuliangye Yibin Co Ltd 0.02%
Palm Oil
- Wilmar International Ltd 0.02%
GMOs
- Corteva Inc 0.09%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.86%
- Nestle SA 0.61%
- Chevron Corp 0.54%
- Thermo Fisher Scientific Inc 0.40%
- Shell PLC Ord Eur0.07 0.37%
- Wells Fargo & Company 0.32%
- Motorola Solutions Inc 0.18%
- Caterpillar Inc 0.17%
- Li Ning Co Ltd 0.13%
- Activision Blizzard Inc 0.12%
- Rio Tinto PLC Ord 10P Gbp 0.12%
- Archer Daniels Midland Co Com Stk Npv 0.10%
- Nutrien Ltd Com Npv 0.10%
- Vale SA 0.10%
- Bayer AG 0.09%
- Corteva Inc 0.09%
- Freeport Mcmoran Inc 0.09%
- Basf Se 0.08%
- Uber Technologies Inc 0.07%
- Barrick Gold Corp 0.05%
- Fmc Corp 0.05%
- Glencore PLC 0.05%
- Rio Tinto Limited 0.04%
- Elbit Systems Ltd 0.03%
- Pg and E Corp 0.03%
- Adani Enterprises Ltd 0.02%
- Bank Leumi Le-Israel 0.02%
- Bunge Limited 0.02%
- Centrais Electricas Brasileiras SA 0.02%
- China Petroleum & Chemical 0.02%
- Credit Suisse Group Chf3.00 0.02%
- Israel Discount Bank 0.02%
- Nissan Chemical Corporation 0.02%
- Petrochina Co Ltd H 0.02%
- Teva Pharmaceutical Sp Adr 0.02%
- Wilmar International Ltd 0.02%
- Formosa Chemicals & Fibre Corporation 0.01%
Animal Cruelty
- Exxon Mobil Corporation 0.74%
- Nestle SA 0.61%
- Procter & Gamble Company 0.61%
- Chevron Corp 0.54%
- Coca Cola Co USD 0.47%
- Pepsico Inc Cap US$0.01 2/3 0.46%
- LVMH Moet Hennessy Vuitton Se 0.42%
- Shell PLC Ord Eur0.07 0.37%
- Unilever PLC 0.22%
- Asian Paints Ltd 0.19%
- Sherwin Williams Com Usd1 0.19%
- Church & Dwight Co 0.18%
- Ping An Insurance Group Of China Limited 0.18%
- PPG Industries Inc 0.17%
- Reliance Industries Limited 0.17%
- Mondelez International Inc 0.15%
- L'Oreal 0.14%
- 3M Co 0.13%
- Colgate Palmolive Usd1 0.12%
- Akzo Nobel Nv Eur0.50 0.11%
- Sk Innovation 0.11%
- Archer Daniels Midland Co Com Stk Npv 0.10%
- Compagnie Financiere Richemont SA 0.10%
- Estee Lauder Companies 0.10%
- General Mills Inc 0.10%
- Nutrien Ltd Com Npv 0.10%
- Bayer AG 0.09%
- Corteva Inc 0.09%
- Daikin Industries 0.09%
- Hermes International 0.09%
- Nippon Paint Holdings Co Ltd 0.09%
- Orkla Asa 0.09%
- Basf Se 0.08%
- Kimberly Clark Corp Com Usd1.25 0.08%
- Constellation Brands Inc-A 0.07%
- Danone 0.07%
- Kering 0.07%
- Mitsubishi Corp Y50 0.07%
- Dow Inc 0.06%
- Keurig Dr Pepper Inc 0.06%
- Albermarle Corp 0.05%
- Dupont De Nemours Inc 0.05%
- Eni Spa 0.05%
- Fmc Corp 0.05%
- Hindustan Unilever Limited 0.05%
- Koninklijke Ahold Delhaize Nv 0.05%
- Kraft Heinz Co Com Usd0.01 0.05%
- Canon Inc 0.04%
- Air Liquide 0.03%
- Asahi Group Holdings Ltd 0.03%
- Avantor Inc 0.03%
- Clorox Co Del 0.03%
- Fuji Film Holdings Corp 0.03%
- Kao Corporation Jpy50 0.03%
- Kellogg Company 0.03%
- Koninklijke Dsm Nv 0.03%
- Lyondellbasell Industries 0.03%
- Mosaic Co Com 0.03%
- Tyson Foods Inc Class A 0.03%
- Ajinomoto Co Inc Jpy 0.02%
- Barry Callebaut AG - Reg 0.02%
- Beiersdorf AG 0.02%
- Burberry Group PLC 0.02%
- Campbell Soup Co USD 0.02%
- Celanese Corp Series A 0.02%
- China Petroleum & Chemical 0.02%
- Eastman Chemical Com 0.02%
- Entegris Inc 0.02%
- Essity Ab Ser B Npv 0.02%
- George Weston Ltd 0.02%
- Grupo Mexico Sab De Cv-Ser B 0.02%
- Henkel AG & Co Kgaa Non Vtg Pref 0.02%
- Hindalco Industries Ltd 0.02%
- Hormel Foods Corporation 0.02%
- Icl Group Ltd 0.02%
- Kerry Group PLC 0.02%
- Molson Coors Beverage Co 0.02%
- Nan Ya Plastics Corp 0.02%
- Nestle India Ltd 0.02%
- Nissan Chemical Corporation 0.02%
- Novozymes A/S Ser`B`Dkk2 0.02%
- Rentokil Initial PLC 0.02%
- Rpm International Inc 0.02%
- Symrise AG 0.02%
- The Swatch Group AG-B Chf50 0.02%
- Wilmar International Ltd 0.02%
- Aker BP Asa Sds 0.01%
- Arkema 0.01%
- Associated British Foods PLC 0.01%
- Chr Hansen Holding A S 0.01%
- Dcc PLC 0.01%
- Evonik Industries AG 0.01%
- Henkel AG & Co Kgaa 0.01%
- Kerry Group PLC-A 0.01%
- Kikkoman Corporation Jpy 0.01%
- Meiji Holdings Co 0.01%
- Mitsubishi Chemical Group Corporation 0.01%
- Moncler Spa 0.01%
- Mowi Asa 0.01%
- Umicore Npv 0.01%
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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.
About this fund
In their own words
The fund invests predominantly in a broad range of international shares listed on stock exchanges in developed and emerging international markets. The fund will maintain a reduced carbon exposure compared to the Benchmark, whilst also increasing exposure to renewable energy and taking into account other ESG considerations such as the exclusion of controversial weapons, firearms, uranium and tobacco companies. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. Foreign currency exposures are largely hedged back to New Zealand dollars.
| Value | $250M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 14th Dec. 2021 |
| Total annual fund fees | 0.36% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.25% |
| Other management and administration charges | 0.11% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
James Harwood |
Currently: Senior Portfolio Manager, Proprietary Strategies, Russell Investments (9 years, 1 months) |
|
Andrew Zenonos |
Currently: Back-up Portfolio Manager, Russell Investments (10 years, 2 months) |
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.
Investment Exclusions
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 | 0.02% | |
| Alcohol | 0.80% | |
| Animal Cruelty | 9.33% | |
| Fossil Fuels | 5.81% | |
| Gambling | 0.19% | |
| GMOs | 0.09% | |
| Human Rights & Environmental Violations | 5.00% | |
| Palm Oil | 0.02% | |
| Tobacco | 0.08% | |
| Weapons | 1.38% |
This data is compiled by Mindful Money from the fund information and portfolios
that each fund has
filed with the Disclose register to 30th Sept. 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
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.
Past Returns
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 fund has filed with Disclose register to 31st Dec. 2022.
Top 10 Investments
-
Apple Inc
United States International Equities3.6% -
Microsoft Corp Usd0.00005
United States International Equities2.94% -
S&P 500 Emini 2303 F
United States International Equities1.62% -
Amazon Com Inc
United States International Equities1.33% -
Alphabet Inc Cap Stk Usd0.001 Cl A
United States International Equities0.91% -
Unitedhealth Group Inc Com Stk Us0.01
United States International Equities0.85% -
Alphabet Inc Cap Usd0.001 Cl C
United States International Equities0.83% -
Johnson & Johnson Com US$1
United States International Equities0.8% -
Exxon Mobil Corporation
United States International Equities0.76% -
Berkshire Hathaway Inc - Class B
United States International Equities0.69%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | -0.34% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 0.0% |
| Australasian Equities | 0.0% | 1.83% |
| International Equities | 0.0% | 95.75% |
| Listed Properties | 0.0% | 1.92% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.84% |
| Commodities | 0.0% | 0.0% |
Investment Mix
How the money in this fund is invested against the fund's targets.
Target
Actual
This information has been sourced from the quarterly data that each fund has filed with Disclose register to 31st Dec. 2022.