Russell Investments Global Fixed Interest Fund

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Fund type: Defensive fund

Past Returns: 1.19%

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

Anglo American Capital 0.11%
Arcelormittal 0.06%
BHP Billiton Fin Usa Ltd 0.08%
Berkshire Hathaway Energ 0.05%
Chevron Corp 0.08%
Continental Resources 0.06%
Dcp Midstream Operating 0.07%
Devon Energy Corporation 0.08%
Ecopetrol SA 0.05%
Enbridge Energy Partners 0.06%
Enbridge Inc 0.07%
Energy Transfer Lp 0.05%
Engie SA 0.14%
Eni Spa 0.07%
Eqt Corp 0.07%
Equinor Asa 0.08%
Exxon Mobil Corporation 0.08%
Glencore Funding Llc 0.11%
Infraestructura Energeti 0.07%
Jefferies Group Llc 0.06%
Llpl Capital Pte Ltd 0.07%
Mexico Generadora De Ene 0.06%
Mplx Lp 0.04%
Ongc Videsh Ltd 0.07%
Petroleos Mexicanos 1.11%
Pioneer Natural Resource 0.02%
Reliance Industries Ltd 0.07%
Saudi Arabian Oil Co 0.07%
Shell International Fin 0.08%
Targa Resources Corp 0.02%
Terega SA 0.06%
Terega Sasu 0.06%
Williams Companies Inc 0.07%

Tobacco

Alimentation Couche-Tard 0.06%

Gambling

Las Vegas Sands Corp 0.17%
Llpl Capital Pte Ltd 0.07%
Sands China Ltd 0.07%
Vici Properties / Note 0.09%

Alcohol

Anheuser-Busch Inbev SA/ 0.09%
Anheuser-Busch Inbev Wor 0.11%

Human Rights & Environmental Violations

BHP Billiton Fin Usa Ltd 0.08%
Bank Hapoalim 0.07%
Bayer Capital Corp Bv 0.08%
Bayer US Finance Ii Llc 0.03%
Bayer US Finance Llc 0.07%
Chevron Corp 0.08%
Credit Suisse Group AG 0.31%
Energy Transfer Lp 0.05%
Glencore Funding Llc 0.11%
Johnson & Johnson 0.06%
Mexico Generadora De Ene 0.06%
Ongc Videsh Ltd 0.07%
Petroleos Mexicanos 1.11%
Shell International Fin 0.08%
Southern Copper Corp 0.05%
Vale Canada Ltd 0.05%

Animal Testing

Air Liquide Finance 0.07%
Basf Se 0.08%
Bayer Capital Corp Bv 0.08%
Bayer US Finance Ii Llc 0.03%
Bayer US Finance Llc 0.07%
Chevron Corp 0.08%
Coca-Cola Co/The 0.02%
Danone SA 0.07%
Evonik Industries AG 0.06%
General Mills Inc 0.08%
Glaxosmithkline Cap Inc 0.07%
Glaxosmithkline Capital 0.08%
Johnson & Johnson 0.06%
Mondelez International 0.05%
Orbia Advance Corp Sab 0.05%
Pepsico Inc 0.07%
Procter & Gamble Co/The 0.06%
Reckitt Benckiser Tsy 0.08%
Reliance Industries Ltd 0.07%
Shell International Fin 0.08%
Sherwin-Williams Co 0.08%
Sociedad Quimica Y Miner 0.06%
Unilever Finance 0.08%

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 -2.19% -3.12%
2021 1.34% 3.51%
2020 1.00% 3.17%
2019 2.36% 2.16%
2018 1.94% 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 Thu March 31st 2022.

Showing the top 10 investments for this fund:

  • New Zealand Dollar Cash
    New Zealand Cash and Equivalents
    3.43%
  • US Dollar Cash
    United States Cash and Equivalents
    2.93%
  • US Treasury Notes/Bills 1.5 15/08/2026
    United States Int Fixed Interest AAA
    1.39%
  • US Treasury Notes/Bills 0.375 30/04/2025
    United States Int Fixed Interest AAA
    1.27%
  • Japan 20 Year Government Bond 2.2 20/03/2024
    Japan Int Fixed Interest A
    1.24%
  • US Treasury Notes/Bills 2.875 31/05/2025
    United States Int Fixed Interest AAA
    1.09%
  • Japan 10 Year Government Bond 0.1 20/06/2029
    Japan Int Fixed Interest A
    1.03%
  • Bundesrepub. Deutschland 0 15/08/2030
    Greece Int Fixed Interest AAA
    1.02%
  • Japan 30 Year Government Bond 1.5 20/03/2045
    Japan Int Fixed Interest A
    0.96%
  • US Treasury Notes/Bills 1.5 30/09/2024
    United States Int Fixed Interest AAA
    0.94%

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% 6.49%
New Zealand Fixed Interest 0.0% -0.24%
International Fixed Interest 100.0% 90.54%
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% 3.21%
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:
    0.00%
  • Alcohol:
    0.20%
  • Animal Testing:
    1.53%
  • Fossil Fuels:
    3.30%
  • Gambling:
    0.40%
  • GMOs:
    0.00%
  • Human Rights & Environmental Violations:
    2.36%
  • Palm Oil:
    0.00%
  • Tobacco:
    0.06%
  • Weapons:
    0.00%

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.

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 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 $650M NZD
Period of data report Thu March 31st 2022
Fund started Wed Dec. 21st 2011
Total annual fund fees 0.78%
Total performance based fees 0.0%
Manager's basic fee 0.65%
Other management and administration charges 0.13%
Total other charges 0.0
Total other charges currency NZD

Key Personnel

Gerard Fitzpatrick

Currently: Senior Portfolio Manager, Head of Fixed Income, Russell Investments (3 years, 1 months)
Previously: Chief Investment Officer, Fixed Income, Russell Investments (6 years, 0 months)

Helena Hui Ravanas

Currently: Portfolio Manager (Global Fixed Income), Russell Investments (0 years, 11 months)
Previously: Senior Research Analyst (6 years, 7 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.

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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.