Funds
Russell Investments Global Shares 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
- Anglo American PLC 0.54%
- Reliance Inds Spons Gdr 144A 0.40%
- Centrica PLC 0.32%
- Suncor Energy Inc 0.30%
- Shell PLC Ord Eur0.07 0.25%
- Vale SA 0.25%
- Petroleo Brasileiro SA Ads 0.19%
- BHP Group Limited Ordinary Fully Paid 0.18%
- Itochu Corp Jpy 0.18%
- Jardine Matheson Holdings Limited 0.17%
- Wec Energy Group Inc 0.14%
- Xcel Energy Inc 0.13%
- Cms Energy Corp 0.12%
- Exxon Mobil Corporation 0.11%
- South32 Limited Ordinary Fully Paid 0.11%
- Chevron Corp 0.10%
- Northland Power Inc 0.07%
- Osaka Gas Co Ltd Jpy 0.07%
- Valero Energy Corp 0.07%
- Conocophillips 0.06%
- Constellation Energy Corp 0.06%
- Sempra Energy USD 0.06%
- Tokyo Gas Co Ltd 0.06%
- Tullow Oil PLC 0.06%
- Vistra Corp 0.06%
- BHP Group Ltd Npv 0.05%
- Consolidated Edison Inc Com Usd0.10 0.05%
- Dte Energy Co USD 0.05%
- Eog Resources Inc 0.05%
- Phillips 66 Com Usd0.01 0.05%
- Atmos Energy Corp 0.04%
- Kosmos Energy Ltd Com USD 0.04%
- Nextera Energy Inc 0.04%
- Pg and E Corp 0.04%
- Repsol SA 0.04%
- China Resources Power Holdings Company L 0.03%
- Ck Hutchison Holdings Ltd 0.03%
- Ck Infrastructure 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Enel Spa 0.03%
- Lyondellbasell Industries 0.03%
- Mitsubishi Corp Y50 0.03%
- Nippon Yusen Kk Npv Temp 0.03%
- Oasis Petroleum Inc 0.03%
- Ugi Corp Com 0.03%
- Alliant Energy Corp 0.02%
- Atco Ltd 0.02%
- Capital Power Corporation 0.02%
- Devon Energy Corporation 0.02%
- Eni Spa 0.02%
- Loews Corp 0.02%
- Parex Resources Inc 0.02%
- Pioneer Natural Resources Co 0.02%
- Power Assets Holdings Limited 0.02%
- Public Service Enterprise Group Inc 0.02%
- Santos Limited 0.02%
- Shell PLC 0.02%
- Southern Co Com USD 0.02%
- Dominion Energy Inc 0.01%
- Inpex Corporation 0.01%
- OMV AG 0.01%
- Osk Mitsui Osk Lines Ltd 0.01%
Weapons
- Walmart Inc 0.23%
- Qinetiq PLC 0.18%
- Ricardo PLC 0.14%
- Melrose Industries PLC 0.13%
- Tt Electronics PLC 0.07%
- Icl Group Ltd 0.03%
- Academy Sports and Outdoors Inc 0.01%
Tobacco
- Essentra PLC 0.09%
- Alimentation Couche Tard Inc 0.04%
Gambling
- Galaxy Entertainment Group Limited 0.24%
- Aristocrat Leisure Ltd 0.03%
- Mgm Resorts International 0.01%
Adult Entertainment/Pornography
- Royal Caribbean Group 0.02%
- Mgm Resorts International 0.01%
Alcohol
- Diageo Ord 28 101/108P 0.42%
- Heineken Nv 0.33%
- Constellation Brands Inc-A 0.10%
- Molson Coors Beverage Co 0.04%
GMOs
- Corteva Inc 0.06%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.87%
- Nestle SA 0.76%
- Wells Fargo & Company 0.31%
- Centrais Electricas Brasileiras SA 0.26%
- Shell PLC Ord Eur0.07 0.25%
- Vale SA 0.25%
- Freeport Mcmoran Inc 0.19%
- Motorola Solutions Inc 0.19%
- Petroleo Brasileiro SA Ads 0.19%
- BHP Group Limited Ordinary Fully Paid 0.18%
- Bank Leumi Le-Israel 0.16%
- Uber Technologies Inc 0.12%
- Thermo Fisher Scientific Inc 0.11%
- Chevron Corp 0.10%
- Archer Daniels Midland Co Com Stk Npv 0.06%
- Corteva Inc 0.06%
- BHP Group Ltd Npv 0.05%
- Pg and E Corp 0.04%
- Bunge Limited 0.03%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Nutrien Ltd Com Npv 0.03%
- Rio Tinto Limited 0.03%
- Shell PLC 0.02%
- Rio Tinto PLC Ord 10P Gbp 0.01%
Animal Cruelty
- Unilever PLC 0.87%
- Pepsico Inc Cap US$0.01 2/3 0.83%
- Nestle SA 0.76%
- Procter & Gamble Company 0.53%
- Reliance Inds Spons Gdr 144A 0.40%
- Seiko Epson Corporation 0.35%
- LVMH Moet Hennessy Vuitton Se 0.31%
- Sherwin Williams Com Usd1 0.26%
- Shell PLC Ord Eur0.07 0.25%
- General Mills Inc 0.18%
- Daicel Corporation 0.17%
- Koninklijke Ahold Delhaize Nv 0.17%
- Yara International Asa 0.15%
- Coca Cola Co USD 0.14%
- Albermarle Corp 0.13%
- Exxon Mobil Corporation 0.11%
- Kellogg Company 0.11%
- Mondelez International Inc 0.11%
- Orkla Asa 0.11%
- Chevron Corp 0.10%
- Compagnie Financiere Richemont SA 0.10%
- Constellation Brands Inc-A 0.10%
- Campbell Soup Co USD 0.09%
- Colgate Palmolive Usd1 0.07%
- Elementis PLC 0.07%
- Kimberly Clark Corp Com Usd1.25 0.07%
- Archer Daniels Midland Co Com Stk Npv 0.06%
- Corteva Inc 0.06%
- Hormel Foods Corporation 0.05%
- Clorox Co Del 0.04%
- Dow Inc 0.04%
- Dupont De Nemours Inc 0.04%
- Kao Corporation Jpy50 0.04%
- Molson Coors Beverage Co 0.04%
- Mosaic Co Com 0.04%
- Canon Inc 0.03%
- Icl Group Ltd 0.03%
- Ingredion Inc Com USD 0.01 0.03%
- Keurig Dr Pepper Inc 0.03%
- Kraft Heinz Co Com Usd0.01 0.03%
- Lyondellbasell Industries 0.03%
- Mitsubishi Corp Y50 0.03%
- Nutrien Ltd Com Npv 0.03%
- Tyson Foods Inc Class A 0.03%
- Celanese Corp Series A 0.02%
- Covestro AG 0.02%
- Eastman Chemical Com 0.02%
- Eni Spa 0.02%
- George Weston Ltd 0.02%
- Mowi Asa 0.02%
- Shell PLC 0.02%
- 3M Co 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 underlying investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed markets and emerging international markets. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk.
| Value | $220M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 14th Nov. 2012 |
| Total annual fund fees | 1.22% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.08% |
| Other management and administration charges | 0.14% |
| Total other charges | 0.0 |
| Total other charges currency | NZD |
Key Personnel
|
Patrick Egan |
Currently: Back-up Portfolio Manager, Russell Investments (0 years, 1 months) |
|
Jordan Mccall |
Currently: Senior Portfolio Manager, Global Equities, Russell Investments (0 years, 1 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 | 0.03% | |
| Alcohol | 0.89% | |
| Animal Cruelty | 7.39% | |
| Fossil Fuels | 5.11% | |
| Gambling | 0.28% | |
| GMOs | 0.06% | |
| Human Rights & Environmental Violations | 4.30% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.13% | |
| Weapons | 0.79% |
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 |
|---|---|---|
| 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 31st Dec. 2022.
Top 10 Investments
-
S&P 500 Emini 2303 F
United States International Equities16.39% -
Microsoft Corp Usd0.00005
United States International Equities1.99% -
Dj EUR St50 2303 Fu
Greece International Equities1.53% -
Taiwan Semiconduct Manufacturing USD
Taiwan, Province of China International Equities1.31% -
Unitedhealth Group Inc Com Stk Us0.01
United States International Equities1.27% -
Apple Inc
United States International Equities1.08% -
S&P Se60 Idx 2303
Canada International Equities1.06% -
Samsung Electronics Co Ltd
Korea, Republic of International Equities0.95% -
Pepsico Inc Cap US$0.01 2/3
United States International Equities0.93% -
Johnson & Johnson Com US$1
United States International Equities0.9%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.23% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.89% |
| International Equities | 100.0% | 96.36% |
| Listed Properties | 0.0% | 1.29% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.23% |
| 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.