Russell Investments Hedged Global Shares Fund

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Fund type: Aggressive fund

Past Returns: 13.51%

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

Annual Fees: 1.24%

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

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 Testing

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 Fri Sept. 30th 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.

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 Fri Sept. 30th 2022.

Showing the top 10 investments for this fund:

  • S&P 500 Emini 2212 F
    United States International Equities
    15.77%
  • Microsoft Corp Usd0.00005
    United States International Equities
    2.3%
  • NZD BNP Paribas A/C
    New Zealand Cash and Equivalents
    1.92%
  • Unitedhealth Group Inc Com Stk Us0.01
    United States International Equities
    1.41%
  • Futures Margin-NZD
    New Zealand Cash and Equivalents
    1.39%
  • Apple Inc
    United States International Equities
    1.33%
  • S&P Se60 Idx 2212
    Canada International Equities
    1.22%
  • Taiwan Semiconduct Manufacturing USD
    Taiwan, Province of China International Equities
    1.22%
  • Alphabet Inc Cap Usd0.001 Cl C
    United States International Equities
    1.07%
  • Spi 200 2212 Fut
    Australia Australasian Equities
    0.89%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Fri Sept. 30th 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% 5.34%
New Zealand Fixed Interest 0.0% 0.0%
International Fixed Interest 0.0% 0.0%
Australasian Equities 0.0% 1.85%
International Equities 100.0% 98.15%
Listed Properties 0.0% 1.38%
Unlisted Properties 0.0% 0.0%
Other 0.0% -6.72%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Fri Sept. 30th 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).

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 Testing:
    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 Fri Sept. 30th 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.

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. Targets a position of being fully hedged back to the New Zealand dollar."

Value $220M NZD
Period of data report Fri Sept. 30th 2022
Fund started Tue July 24th 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

Jon Eggins

Currently: Senior Portfolio Manager, Global Equities, Russell Investments (11 years, 7 months)
Previously: Senior Research Analyst, Russell Investments (2 years, 0 months)

Jordan Mccall

Currently: Back-up Portfolio Manager, Russell Investments (7 years, 0 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 Fri Sept. 30th 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.