Russell Investments Global Listed Infrastructure Fund

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Fund type: Aggressive 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: 1.05%

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

Altagas Income Ltd 0.08%
Apa Group 0.21%
Atmos Energy Corp 0.38%
Cheniere Energy Inc 3.33%
Dominion Energy Inc 2.17%
Enbridge Inc 3.80%
Equitrans Midstream Com 0.03%
Gibson Energy Inc 0.08%
Hong Kong China Ga 0.06%
Keyera Corp Com 0.11%
Oneok Inc 0.92%
Pembina Pipeline 1.58%
Public Service Enterprise Group Inc 0.36%
Rubis Eur1.25 0.55%
Snam Spa 0.12%
Tc Energy Corp 2.51%
Williams Companies Inc 1.06%

Human Rights & Environmental Violations

Duke Energy Corp Com USD 0.001 Post Rev Splt 1.01%

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

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 fund has filed with Disclose register to Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • NZD BNP Paribas A/C
    New Zealand Cash and Equivalents AA-
    6.34%
  • Transurban Group Ordinary Shares Units Stapled Securities
    Australia Australasian Equities
    4.81%
  • Nextera Energy Inc
    United States International Equities
    4.46%
  • Aena Sme S.A.
    Spain International Equities
    4.33%
  • Cheniere Energy Inc
    United States International Equities
    3.33%
  • Tc Energy Corp
    China International Equities
    2.51%
  • Getlink Se EUR 0.40
    France International Equities
    2.33%
  • Sempra Energy USD
    United States International Equities
    2.21%
  • Atlantia Spa
    Italy International Equities
    2.21%
  • Dominion Energy Inc
    United States International Equities
    2.17%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Thu March 31st 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% 3.15%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 100.0% 0.0%
Australasian Equities 0.0% 3.61%
International Equities 0.0% 81.45%
Listed Properties 0.0% 9.85%
Unlisted Properties 0.0% 0.0%
Other 0.0% 1.94%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 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).

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:
    17.34%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    1.01%
  • 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 fund has filed with the Disclose register to Thu March 31st 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 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 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

"The Fund invests predominantly in infrastructure and infrastructure related securities that are listed, or expected to be listed within the next six months, on stock exchanges in developed and emerging markets. Foreign currency exposures are largely hedged back to New Zealand dollars."

Value $110M NZD
Period of data report Thu March 31st 2022
Fund started Thu March 17th 2022
Total annual fund fees 1.05%
Total performance based fees 0.0%
Manager's basic fee 0.85%
Other management and administration charges 0.2%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Patrick Nikodem

Currently: Senior Portfolio Manager - Equity, Russell Investments (1 years, 0 months)
Previously: Portfolio Manager, Equity (1 years, 0 months)

Bruce Eidelson

Currently: Director, Senior Portfolio Manager, Equity (2 years, 0 months)
Previously: Director, Senior Portfolio Manager (6 years, 4 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Thu March 31st 2022.

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.