Funds
Russell Investments Global Listed Infrastructure Fund
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
- Nextera Energy Inc 6.37%
- Cheniere Energy Inc 4.32%
- Enbridge Inc 3.69%
- Dominion Energy Inc 2.89%
- Sempra Energy USD 2.81%
- Xcel Energy Inc 2.54%
- Tc Energy Corp 2.37%
- Pembina Pipeline 1.90%
- Alliant Energy Corp 1.74%
- Iberdrola SA 1.67%
- Williams Companies Inc 1.25%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 1.06%
- Dt Midstream Inc Com Usd0.01 1.04%
- Entergy Corp New 0.96%
- Ppl Corporation 0.85%
- Evergy Inc Com Npv 0.76%
- Cms Energy Corp 0.72%
- Emera Inc 0.71%
- Dte Energy Co USD 0.61%
- Enel Spa 0.60%
- Rubis Eur1.25 0.53%
- Wec Energy Group Inc 0.51%
- Nisource Inc 0.46%
- Nextera Energy Partners Lp 0.41%
- Rwe AG 0.41%
- American Electric Power Company Inc 0.38%
- Oneok Inc 0.38%
- Energias De Portugal SA 0.35%
- Pinnacle West Capital 0.35%
- Ameren Corp 0.27%
- Apa Group 0.26%
- Southern Co Com USD 0.24%
- Altagas Income Ltd 0.23%
- Ck Infrastructure 0.23%
- Keyera Corp Com 0.23%
- Snam Spa 0.22%
- Guangdong Investment Limited 0.21%
- Pnm Resources Inc 0.20%
- Avista Corp 0.18%
- Engie Aug5 0.18%
- Santos Brasil Participacoes SA 0.17%
- Hera Spa 0.15%
- Spire Inc Com Usd1 0.14%
- Equitrans Midstream Com 0.13%
- Public Service Enterprise Group Inc 0.12%
- Gibson Energy Inc 0.10%
- Kansai Electric Power Jpy 0.09%
- Hong Kong China Ga 0.08%
- Enagas 0.04%
- Portland General Electric Company 0.01%
Human Rights & Environmental Violations
- Duke Energy Corp Com USD 0.001 Post Rev Splt 1.06%
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 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. Companies with more than 25% revenue from coal power generation or thermal coal production are prohibited. The fund also seeks to invest in corporations which follow good governance practices. Foreign currency exposures are largely hedged back to New Zealand dollars.
| Value | $110M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 17th March 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, 9 months) |
|
Bruce Eidelson |
Currently: Director, Senior Portfolio Manager, Equity (2 years, 9 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 | 0.00% | |
| Alcohol | 0.00% | |
| Animal Cruelty | 0.00% | |
| Fossil Fuels | 46.08% | |
| Gambling | 0.00% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.06% | |
| 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 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
-
Transurban Group Ordinary Shares Units Stapled Securities
Australia Australasian Equities5.33% -
Nextera Energy Inc
United States International Equities5.05% -
Aena Sme S.A.
Spain International Equities4.33% -
Cheniere Energy Inc
United States International Equities2.95% -
Es P Ut 2303 Fut
United States International Equities2.92% -
Getlink Se EUR 0.40
France International Equities2.65% -
Sempra Energy USD
United States International Equities2.61% -
Atlas Arteria Ordinary Stapled Securities
Australia Australasian Equities2.4% -
Targa Resources In Com
United States International Equities2.12% -
Xcel Energy Inc
United States International Equities2.05%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | -0.07% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 100.0% | 0.0% |
| Australasian Equities | 0.0% | 11.92% |
| International Equities | 0.0% | 83.95% |
| Listed Properties | 0.0% | 2.94% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 1.26% |
| 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.