Funds
Russell Investments Global Fixed Interest 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
- Petroleos Mexicanos 0.23%
- Engie SA 0.18%
- Vier Gas Transport Gmbh 0.14%
- Mitsubishi Corp 0.12%
- Enbridge Gas Inc 0.11%
- Enbridge Inc 0.11%
- Neste Oyj 0.11%
- Saudi Arabian Oil Co 0.11%
- Enbridge Pipelines Inc 0.10%
- Glencore Funding Llc 0.10%
- Infraestructura Energeti 0.10%
- Totalenergies Capital SA 0.10%
- Aes Panama Generation Hl 0.09%
- Enterprise Products Oper 0.09%
- Exxon Mobil Corporation 0.09%
- Energias De Portugal SA 0.08%
- Southern Co 0.08%
- Williams Companies Inc 0.08%
- Arcelormittal 0.07%
- Continental Resources 0.07%
- Energy Transfer Lp 0.07%
- Ongc Videsh Ltd 0.07%
- Reliance Industries Ltd 0.07%
- Shell International Fin 0.07%
- Terega SA 0.07%
- Western Midstream Operat 0.07%
- Anglo American Capital 0.06%
- Berkshire Hathaway Energ 0.06%
- Dcp Midstream Operating 0.06%
- Devon Energy Corporation 0.06%
- Enel Finance Intl Nv 0.06%
- Eqt Corp 0.06%
- Mplx Lp 0.06%
- Petroleos Del Peru SA 0.06%
- Terega Sasu 0.06%
- Coterra Energy Inc 0.05%
- Ecopetrol SA 0.05%
- Fortum Oyj 0.04%
- Nrg Energy Inc 0.03%
- Pioneer Natural Resource 0.03%
- Targa Resources Corp 0.02%
Weapons
- Walmart Inc 0.09%
Tobacco
- Alimentation Couche-Tard 0.09%
Gambling
- Las Vegas Sands Corp 0.11%
- Sands China Ltd 0.11%
- Llpl Capital Pte Ltd 0.09%
- Vici Properties / Note 0.08%
Alcohol
- Anheuser-Busch Inbev Wor 0.04%
Palm Oil
- Llpl Capital Pte Ltd 0.09%
Human Rights & Environmental Violations
- Credit Suisse Group AG 0.38%
- Wells Fargo & Company 0.35%
- Petroleos Mexicanos 0.23%
- Bayer US Finance Llc 0.11%
- Thermo Fisher Scientific 0.11%
- Glencore Funding Llc 0.10%
- Mexico Generadora De Ene 0.09%
- Nutrien Ltd 0.09%
- Energy Transfer Lp 0.07%
- Nestle Holdings Inc 0.07%
- Ongc Videsh Ltd 0.07%
- Shell International Fin 0.07%
- Bayer US Finance Ii Llc 0.04%
Animal Cruelty
- Mitsubishi Corp 0.12%
- Bayer US Finance Llc 0.11%
- Unilever Finance 0.11%
- Air Liquide Finance 0.10%
- Barry Callebaut Svcs Nv 0.10%
- Kraft Heinz Foods Co 0.10%
- Tyson Foods Inc 0.10%
- 3M Company 0.09%
- Exxon Mobil Corporation 0.09%
- Koninkijke Ahold Dlhaize 0.09%
- Nutrien Ltd 0.09%
- Pepsico Inc 0.09%
- Sherwin-Williams Co 0.09%
- Evonik Industries AG 0.08%
- Grp Bruxelles Lambert SA 0.08%
- Unilever PLC 0.08%
- Nestle Holdings Inc 0.07%
- Reliance Industries Ltd 0.07%
- Shell International Fin 0.07%
- Orbia Advance Corp Sab 0.06%
- Bayer US Finance Ii Llc 0.04%
- Coca-Cola Co/The 0.03%
- Rentokil Initial Financ 0.02%
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
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 | $490M NZD |
| Period of data report | 31st Dec. 2022 |
| Fund started | 21st Dec. 2011 |
| Total annual fund fees | 0.71% |
| Total performance based fees | 0.0% |
| Manager's basic fee | 0.6% |
| Other management and administration charges | 0.11% |
| 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, 10 months) |
|
Helena Hui Ravanas |
Currently: Portfolio Manager (Global Fixed Income), Russell Investments (1 years, 8 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 | 0.00% | |
| Alcohol | 0.04% | |
| Animal Cruelty | 1.88% | |
| Fossil Fuels | 3.37% | |
| Gambling | 0.39% | |
| GMOs | 0.00% | |
| Human Rights & Environmental Violations | 1.79% | |
| Palm Oil | 0.09% | |
| Tobacco | 0.09% | |
| Weapons | 0.09% |
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 | -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 31st Dec. 2022.
Top 10 Investments
-
New Zealand Dollar Cash
New Zealand Cash and Equivalents6.38% -
Japan 5 Year Government Bond 0.1 20/09/2024
Japan Int Fixed Interest A5.09% -
US Dollar Cash
United States Cash and Equivalents2.12% -
Mex Bonos 7.75 29/05/2031
Mexico Int Fixed Interest BBB1.64% -
US Treasury Notes/Bills 0.375 30/04/2025
United States Int Fixed Interest AAA1.54% -
US Treasury Notes/Bills 2.5 30/01/2024
United States Int Fixed Interest AAA1.24% -
US Treasury Notes/Bills 1.375 31/08/2026
United States Int Fixed Interest AAA1.23% -
Japan 30 Year Government Bond 1.5 20/03/2045
Japan Int Fixed Interest A1.16% -
Japan 10 Year Government Bond 0.1 20/06/2029
Japan Int Fixed Interest A1.05% -
US Treasury Notes/Bills 1.5 15/08/2026
United States Int Fixed Interest AAA1.01%
| Type | Target | Actual |
|---|---|---|
| Cash and Cash Equivalents | 0.0% | 9.1% |
| New Zealand Fixed Interest | 0.0% | -0.88% |
| International Fixed Interest | 100.0% | 90.22% |
| 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% | 1.56% |
| 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.