Russell Investments Global Fixed Interest Fund

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Type: Defensive fund
Past Returns: 2.95%

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

Annual Fees: 0.78%

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

Aker BP Asa 0.16%
Apache Corp 0.01%
Arcelormittal 0.07%
BP Capital Markets PLC 0.17%
Chevron Corp 0.05%
Chevron Usa Inc 0.17%
Cnooc Finance 2013 Ltd 0.02%
Conocophillips Company 0.12%
Ecopetrol SA 0.04%
Electricite De France SA 0.29%
Enbridge Inc 0.07%
Energy Transfer Operatng 0.05%
Eni Finance Usa Inc 0.12%
Eqm Midstream Partners L 0.01%
Evraz PLC 0.02%
Exxon Mobil Corporation 0.01%
Firstenergy Corp 0.03%
Fortis Inc 0.01%
Kazmunaygas National Co 0.02%
Kinder Morgan Ener Part 0.01%
Kinder Morgan Inc 0.01%
Mplx Lp 0.02%
Newfield Exploration Co 0.15%
Perusahaan Listrik Negar 0.07%
Petroleos Mexicanos 0.30%
Pt Pertamina (Persero) 0.01%
Reliance Industries Ltd 0.03%
Total Capital Canada Ltd 0.05%
Total Capital Intl SA 0.15%
Vistra Corp 0.09%
Wintershall Dea Finance 0.07%
Wpx Energy Inc 0.01%

Weapons

Viasat Inc 0.01%

Alcohol

Anheuser-Busch Inbev SA/ 0.06%
Anheuser-Busch Inbev Wor 0.02%

Human Rights & Environmental Violations

Chevron Corp 0.05%
Freeport-Mcmoran Inc 0.01%
Johnson & Johnson 0.17%
Nestle Holdings Inc 0.09%

Animal Testing

Chevron Corp 0.050%
Dupont De Nemours Inc 0.010%
General Mills Inc 0.080%
Johnson & Johnson 0.170%
Keurig Dr Pepper Inc 0.010%
Mont Blanc Capital Corp 0.210%
Nestle Holdings Inc 0.090%
Orbia Advance Corp Sab 0.030%
Procter & Gamble Co/The 0.060%
Reckitt Benckiser Tsy 0.230%
Reliance Industries Ltd 0.030%
Unilever Capital Corp 0.140%
Wr Grace & Co-Conn 0.010%

This data is compiled by Mindful Money from the fund information and portfolios that each fund has filed with the Disclose register to Wed Sept. 30th 2020 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
2021 1.23% 3.51%
2020 0.88% 3.17%
2019 2.43% 2.16%
2018 1.98% 2.66%
2017 1.52% 2.68%
2016 2.91% 2.52%
2015 5.21% 8.22%
2014 1.36% 1.96%
2013 4.22% 7.64%

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 Wed March 31st 2021.

Showing the top 10 investments for this fund:

  • New Zealand Dollar Cash Deposit (State Street Bank & Trust)
    New Zealand Cash and Equivalents
    7.84%
  • US Dollar Cash Deposit (State Street Bank & Trust)
    United States Cash and Equivalents
    2.09%
  • Federal National Mortgage Association 3% 14/04/2021
    United States Int Fixed Interest AAA
    1.66%
  • Australian Dollar Cash Deposit (State Street Bank & Trust)
    Australia Cash and Equivalents
    1.18%
  • Goldman Sachs Ccp EUR 1.001% 31/12/2080
    Germany Int Fixed Interest
    1.07%
  • US Treasury Notes/Bills 0.125% 15/05/2023
    United States Int Fixed Interest AAA
    0.95%
  • Japan 10 Year Government Bond 0.1% 20/06/2029
    Japan Int Fixed Interest A
    0.92%
  • Treasury Bill 0% 27/05/2021
    United States Int Fixed Interest AAA
    0.91%
  • US Treasury Notes/Bills 1.5% 15/09/2022
    United States Int Fixed Interest AAA
    0.88%
  • US Treasury Notes/Bills 2.875% 31/05/2025
    United States Int Fixed Interest AAA
    0.82%

This information has been sourced from the quarterly data that each fund has filed with Disclose register Wed March 31st 2021.

How the money in this fund is invested against the fund's targets.

Target

Actual


Type Target Actual
Cash and Cash Equivalents 0.0% 12.7%
New Zealand Fixed Interest 0.0% -0.79%
International Fixed Interest 100.0% 90.1%
Australasian Equities 0.0% 0.0%
International Equities 0.0% 0.0%
Listed Properties 0.0% 0.0%
Unlisted Properties 0.0% 0.0%
Other 0.0% -2.01%
Commodities 0.0% 0.0%

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Does this fund have a policy to exclude any industries from its investments? The first column shows if the fund has a 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:
    0.00%
  • Alcohol:
    0.08%
  • Animal Testing:
    1.15%
  • Fossil Fuels:
    2.54%
  • Gambling:
    0.00%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    0.32%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.00%
  • Weapons:
    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 Wed Sept. 30th 2020 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 the fund’s intended exclusions may not be consistent with the analysis of the portfolio because of timing issues or because there are companies of concern in indirect investments by the fund.

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.

In their own words

"Provides investors with exposure to international fixed interest securities 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 $670M NZD
Period of data report Wed March 31st 2021
Fund started Wed Dec. 21st 2011
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.68%
Administration charges 0.1%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Gerard Fitzpatrick

Currently: Senior Portfolio Manager Head of Fixed Income Russell Investments (2 years, 1 months)
Previously: Chief Investment Officer Fixed Income Russell Investments (6 years, 0 months)

Austin Loke

Currently: Implementation Portfolio Manager (Global Fixed Income) Russell Investments (5 years, 1 months)
Previously: Implementation Portfolio Manager Russell Investments (4 years, 9 months)

This information has been sourced from the quarterly data that each fund has filed with Disclose register to Wed March 31st 2021.

Downloads

Download the fund's disclosure statement and portfolio holdings.

Latest news

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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.