Russell Investments Australian Floating Rate Fund - Class A

    Fund detail

    Assets under management $792,689,480(As at 13/09/2021)
    Fund inception 31st December 2004
    Minimum Investment timeframe 1 year
    Investment return objective To provide a total return, before costs and tax, higher than the Fund’s benchmark over the short to medium term by providing exposure to a diversified portfolio of predominantly Australian dollar investment grade floating rate income securities and cash / cash equivalents.
    Investment strategy The Fund invests predominantly in bank deposits, money market instruments (including but not limited to bank bills and certificates of deposit), corporate floating rate notes and asset backed and mortgage backed securities. Derivatives and fixed rate corporate debt may also be used. The Fund may be exposed to non-Australian dollar denominated cash and cash equivalent securities. Any foreign currency exposures will be largely hedged back to Australian dollars.