Russell Investments Global Shares Fund

Not Mindful

Fund type: Aggressive fund

Past Returns: 11.44%

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

Annual Fees: 1.49%

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

Aluminum Corporation Of China Ltd 0.24%
Anglo American PLC 0.56%
Atco Ltd 0.02%
Atmos Energy Corp 0.04%
BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group Ltd Npv 0.04%
BP P.L.C 0.53%
Cabot Oil and Gas Corp 0.15%
Centrica PLC 0.23%
Chevron Corp 0.10%
Conocophillips 0.06%
Devon Energy Corporation 0.01%
Eog Resources Inc 0.09%
Equinor Asa 0.03%
Exxon Mobil Corporation 0.12%
Franco Nevada Corp 0.01%
Itochu Corp Jpy 0.13%
Loews Corp 0.02%
Lyondellbasell Industries 0.04%
Marathon Petrol Com 0.04%
Mitsubishi Corp Y50 0.03%
Mitsui & Co Ltd Jpy 0.02%
Nippon Yusen Kk 0.03%
Nk Rosneft Oao 0.03%
Oasis Petroleum Inc 0.02%
Osaka Gas Co Ltd Jpy 0.07%
Parex Resources Inc 0.02%
Phillips 66 Com Usd0.01 0.04%
Pioneer Natural Resources Co 0.01%
Public Service Enterprise Group Inc 0.02%
Repsol SA 0.04%
Shell PLC Ord Eur0.07 0.31%
South32 Limited Ordinary Fully Paid 0.15%
Suncor Energy Inc 0.35%
Tokyo Gas Co Ltd 0.05%
Tourmaline Oil Cp Com 0.03%
Tullow Oil PLC 0.06%
Ugi Corp Com 0.03%
Vale SA 0.36%
Valero Energy Corp 0.06%
Whitehaven Coal Ltd 0.01%

Weapons

Daicel Corporation 0.19%
L3 Harris Technolocom 0.10%
Rheinmetall AG 0.03%
Rolls Royce Ord Gbp1.50 0.06%

Tobacco

Alimentation Couche Tard Inc 0.03%
Essentra PLC 0.10%

Gambling

Aristocrat Leisure Ltd 0.04%
Galaxy Entertainment Group Limited 0.17%

Adult Entertainment/Pornography

Royal Caribbean Group 0.02%

Alcohol

Diageo Ord 28 101/108P 0.30%
Heineken Nv 0.20%
LVMH Moet Hennessy Vuitton Se 0.24%
Molson Coors Beverage Co 0.04%

GMOs

Corteva Inc 0.06%

Human Rights & Environmental Violations

BHP Group Limited Ordinary Fully Paid 0.03%
BHP Group Ltd Npv 0.04%
Bank Hapoalim Ltd 0.05%
Bank Leumi Le-Israel 0.10%
Chevron Corp 0.10%
Duke Energy Corp Com USD 0.001 Post Rev Splt 0.05%
Johnson & Johnson Com US$1 0.88%
Li Ning Co Ltd 0.09%
Motorola Solutions Inc 0.11%
Mtn Group Ltd 0.08%
Nestle SA 0.70%
Petroleo Brasileiro SA Ads 0.32%
Pg and E Corp 0.04%
Rio Tinto Limited 0.07%
Rio Tinto PLC Ord 10P Gbp 0.02%
Shell PLC Ord Eur0.07 0.31%
Vale SA 0.36%
Zijin Mining Group Co Ltd 0.15%

Animal Testing

Archer Daniels Midland Co Com Stk Npv 0.05%
Chevron Corp 0.10%
Clorox Co Del 0.08%
Coca Cola Co USD 0.11%
Corteva Inc 0.06%
Covestro AG 0.08%
Daicel Corporation 0.19%
Dow Inc 0.05%
Dupont De Nemours Inc 0.03%
Eastman Chemical Com 0.03%
Elementis PLC 0.08%
General Mills Inc 0.10%
Glaxosmithkline PLC 0.41%
Icl Group Ltd 0.07%
Ingersoll Rand Inc 0.12%
Ingredion Inc Com USD 0.01 0.02%
Intl Flavors & Fragrances USD 0.04%
Johnson & Johnson Com US$1 0.88%
Kao Corporation Jpy50 0.03%
Kellogg Company 0.06%
Keurig Dr Pepper Inc 0.04%
Kimberly Clark Corp Com Usd1.25 0.06%
Kraft Heinz Co Com Usd0.01 0.02%
LVMH Moet Hennessy Vuitton Se 0.24%
Linde PLC 0.06%
Lyondellbasell Industries 0.04%
Mondelez International Inc 0.07%
Mosaic Co Com 0.05%
Nestle SA 0.70%
Nutrien Ltd Com Npv 0.07%
Orkla Asa 0.10%
Pepsico Inc Cap US$0.01 2/3 0.62%
Procter & Gamble Company 0.45%
Shell PLC Ord Eur0.07 0.31%
Sherwin Williams Com Usd1 0.26%
Tapestry Inc Com Usd0.01 0.01%
Unilever PLC 0.71%
Yara International Asa 0.13%

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
2022	3.19%	4.36%
2021	36.07%	32.2%
2020	-7.33%	-2.24%
2019	10.16%	3.32%
2018	7.53%	10.71%
2017	9.49%	13.36%
2016	4.71%	1.36%
2015	14.67%	22.07%
2014	10.13%	11.0%

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-

4.21%
Microsoft Corp Usd0.00005
United States International Equities

2.99%
Futures Margin-NZD
New Zealand Cash and Equivalents

2.46%
Taiwan Semiconduct Manufacturing USD
United States International Equities

1.67%
Alphabet Inc Cap Stk Usd0.001 Cl A
United States International Equities

1.58%
Apple Inc
United States International Equities

1.46%
S&P 500 Emini 2206 F
United States International Equities

1.45%
Unitedhealth Group Inc Com Stk Us0.01
United States International Equities

1.28%
Samsung Electronics Co Ltd
Slovakia International Equities

1.1%
Alphabet Inc Com Cl C
United States International Equities

1.07%

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%	3.7%
New Zealand Fixed Interest	0.0%	0.0%
International Fixed Interest	0.0%	0.0%
Australasian Equities	0.0%	1.81%
International Equities	100.0%	92.25%
Listed Properties	0.0%	1.54%
Unlisted Properties	0.0%	0.0%
Other	0.0%	0.7%
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:

0.03%
Alcohol:

0.79%
Animal Testing:

6.53%
Fossil Fuels:

4.23%
Gambling:

0.22%
GMOs:

0.06%
Human Rights & Environmental Violations:

3.50%
Palm Oil:

0.00%
Tobacco:

0.13%
Weapons:

0.38%

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

"Provides investors with exposure to international shares, actively managed using a multi-manager approach, with a blend of managers to provide access to leading global specialists."

Value	$320M NZD
Period of data report	Thu March 31st 2022
Fund started	Wed Nov. 14th 2012
Total annual fund fees	1.49%
Total performance based fees	0.0%
Manager's basic fee	1.3%
Other management and administration charges	0.19%
Total other charges	0.0
Total other charges currency	NZD

Key Personnel

Jon Eggins	Currently: Senior Portfolio Manager, Global Equities, Russell Investments (11 years, 1 months) Previously: Senior Research Analyst, Russell Investments (2 years, 0 months)
Jordan Mccall	Currently: Back-up Portfolio Manager, Russell Investments (6 years, 6 months) Previously: Senior Investment Practice Analyst (4 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.

Portfolio holdings v