Funds
Russell Investments Hedged 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 0.58%
- Reliance Inds Spons Gdr 144A 0.43%
- Centrica PLC 0.35%
- Suncor Energy Inc 0.33%
- Shell PLC Ord Eur0.07 0.27%
- Vale SA 0.27%
- Petroleo Brasileiro SA Ads 0.21%
- BHP Group Limited Ordinary Fully Paid 0.19%
- Itochu Corp Jpy 0.19%
- Jardine Matheson Holdings Limited 0.18%
- Wec Energy Group Inc 0.15%
- Xcel Energy Inc 0.14%
- Cms Energy Corp 0.13%
- Exxon Mobil Corporation 0.12%
- South32 Limited Ordinary Fully Paid 0.12%
- Chevron Corp 0.10%
- Osaka Gas Co Ltd Jpy 0.08%
- Valero Energy Corp 0.08%
- Northland Power Inc 0.07%
- Tokyo Gas Co Ltd 0.07%
- Conocophillips 0.06%
- Constellation Energy Corp 0.06%
- Phillips 66 Com Usd0.01 0.06%
- Sempra Energy USD 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%
- Repsol SA 0.05%
- Atmos Energy Corp 0.04%
- China Resources Power Holdings Company L 0.04%
- Kosmos Energy Ltd Com USD 0.04%
- Nextera Energy Inc 0.04%
- Pg and E Corp 0.04%
- Atco Ltd 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%
- Public Service Enterprise Group Inc 0.03%
- Ugi Corp Com 0.03%
- Alliant Energy Corp 0.02%
- Capital Power Corporation 0.02%
- Devon Energy Corporation 0.02%
- Dominion Energy Inc 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%
- Santos Limited 0.02%
- Shell PLC 0.02%
- Southern Co Com USD 0.02%
- Entergy Corp New 0.01%
- Evergy Inc Com Npv 0.01%
- Inpex Corporation 0.01%
- OMV AG 0.01%
- Osk Mitsui Osk Lines Ltd 0.01%
Weapons
- Walmart Inc 0.25%
- Qinetiq PLC 0.19%
- Ricardo PLC 0.15%
- Melrose Industries PLC 0.14%
- Tt Electronics PLC 0.07%
- Icl Group Ltd 0.03%
- Academy Sports and Outdoors Inc 0.02%
Tobacco
- Essentra PLC 0.09%
- Alimentation Couche Tard Inc 0.05%
Gambling
- Galaxy Entertainment Group Limited 0.26%
- 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 0.45%
- Heineken Nv 0.36%
- Constellation Brands Inc-A 0.10%
- Molson Coors Beverage Co 0.04%
GMOs
- Corteva Inc 0.07%
Human Rights & Environmental Violations
- Johnson & Johnson Com US$1 0.94%
- Nestle SA 0.81%
- Wells Fargo & Company 0.33%
- Centrais Electricas Brasileiras SA 0.28%
- Shell PLC Ord Eur0.07 0.27%
- Vale SA 0.27%
- Petroleo Brasileiro SA Ads 0.21%
- Freeport Mcmoran Inc 0.20%
- Motorola Solutions Inc 0.20%
- BHP Group Limited Ordinary Fully Paid 0.19%
- Bank Leumi Le-Israel 0.17%
- Uber Technologies Inc 0.13%
- Thermo Fisher Scientific Inc 0.12%
- Chevron Corp 0.10%
- Archer Daniels Midland Co Com Stk Npv 0.07%
- Corteva Inc 0.07%
- BHP Group Ltd Npv 0.05%
- Bunge Limited 0.04%
- Nutrien Ltd Com Npv 0.04%
- Pg and E Corp 0.04%
- Duke Energy Corp Com USD 0.001 Post Rev Splt 0.03%
- Rio Tinto Limited 0.03%
- Rio Tinto PLC Ord 10P Gbp 0.02%
- Shell PLC 0.02%
Animal Cruelty
- Unilever PLC 0.93%
- Pepsico Inc Cap US$0.01 2/3 0.89%
- Nestle SA 0.81%
- Procter & Gamble Company 0.58%
- Reliance Inds Spons Gdr 144A 0.43%
- Seiko Epson Corporation 0.37%
- LVMH Moet Hennessy Vuitton Se 0.33%
- Sherwin Williams Com Usd1 0.28%
- Shell PLC Ord Eur0.07 0.27%
- Daicel Corporation 0.19%
- General Mills Inc 0.19%
- Koninklijke Ahold Delhaize Nv 0.19%
- Yara International Asa 0.17%
- Coca Cola Co USD 0.15%
- Albermarle Corp 0.13%
- Exxon Mobil Corporation 0.12%
- Kellogg Company 0.12%
- Orkla Asa 0.12%
- Compagnie Financiere Richemont SA 0.11%
- Mondelez International Inc 0.11%
- Chevron Corp 0.10%
- Constellation Brands Inc-A 0.10%
- Campbell Soup Co USD 0.09%
- Colgate Palmolive Usd1 0.08%
- Archer Daniels Midland Co Com Stk Npv 0.07%
- Corteva Inc 0.07%
- Elementis PLC 0.07%
- Kimberly Clark Corp Com Usd1.25 0.07%
- Clorox Co Del 0.05%
- Hormel Foods Corporation 0.05%
- Kao Corporation Jpy50 0.05%
- Canon Inc 0.04%
- Dow Inc 0.04%
- Dupont De Nemours Inc 0.04%
- Kraft Heinz Co Com Usd0.01 0.04%
- Molson Coors Beverage Co 0.04%
- Mosaic Co Com 0.04%
- Nutrien Ltd Com Npv 0.04%
- Covestro AG 0.03%
- Icl Group Ltd 0.03%
- Ingredion Inc Com USD 0.01 0.03%
- Keurig Dr Pepper Inc 0.03%
- Lyondellbasell Industries 0.03%
- Mitsubishi Corp Y50 0.03%
- Tyson Foods Inc Class A 0.03%
- 3M Co 0.02%
- Celanese Corp Series A 0.02%
- Eastman Chemical Com 0.02%
- Eni Spa 0.02%
- George Weston Ltd 0.02%
- Mowi Asa 0.02%
- Shell PLC 0.02%
- Darling Ingredients Inc 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 as well as emerging international markets. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. The Fund targets a position of being fully hedged back to New Zealand Dollars. Due to active currency management by the underlying managers, there will generally be some foreign currency exposure.
| Value | $240M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 24th July 2012 |
| Total annual fund fees | 1.24% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 1.08% |
| Other management and administration charges | 0.16% |
| 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 | 0.96% | |
| Animal Cruelty | 7.95% | |
| Fossil Fuels | 5.49% | |
| Gambling | 0.30% | |
| GMOs | 0.07% | |
| Human Rights & Environmental Violations | 4.63% | |
| Palm Oil | 0.00% | |
| Tobacco | 0.14% | |
| Weapons | 0.85% |
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% | 5.28% |
| 2021 | 36.07% | 50.52% |
| 2020 | -7.33% | -15.27% |
| 2019 | 10.16% | 0.37% |
| 2018 | 7.53% | 11.47% |
| 2017 | 9.49% | 17.84% |
| 2016 | 4.71% | -5.52% |
| 2015 | 14.67% | 16.5% |
| 2014 | 10.13% | 17.02% |
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 Equities16.27% -
Microsoft Corp Usd0.00005
United States International Equities1.97% -
Dj EUR St50 2303 Fu
Greece International Equities1.52% -
Taiwan Semiconduct Manufacturing USD
Taiwan, Province of China International Equities1.3% -
Unitedhealth Group Inc Com Stk Us0.01
United States International Equities1.26% -
Apple Inc
United States International Equities1.07% -
S&P Se60 Idx 2303
Canada International Equities1.06% -
Samsung Electronics Co Ltd
Korea, Republic of International Equities0.94% -
Pepsico Inc Cap US$0.01 2/3
United States International Equities0.92% -
Johnson & Johnson Com US$1
United States International Equities0.89%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 1.22% |
| New Zealand Fixed Interest | 0.0% | 0.0% |
| International Fixed Interest | 0.0% | 0.0% |
| Australasian Equities | 0.0% | 0.88% |
| International Equities | 100.0% | 95.66% |
| Listed Properties | 0.0% | 1.28% |
| Unlisted Properties | 0.0% | 0.0% |
| Other | 0.0% | 0.95% |
| 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.