Russell Investments Low Carbon Australian Shares Fund
The Fund provides investors in Australian shares with a sustainable investment solution that supports the management of climate change risk and the transition to a low carbon economy. Designed with Russell Investments’ proprietary decarbonisation investment strategy, the Fund comprehensively considers the value and measure of carbon and environmental, social and governance (ESG) characteristics.
| Manager | Allocation (%) |
|---|---|
| Russell Investments Low Carbon Australian Shares Fund | |
| Russell Investments | 100 |
| As at 02/12/2023 | |
| Name | Allocation (%) |
|---|---|
| Energy | 5.18 |
| Materials | 24.20 |
| Industrials | 6.86 |
| Consumer Discretionary | 7.01 |
| Consumer Staples | 4.59 |
| Health Care | 9.11 |
| Financials | 28.66 |
| Information Technology | 2.77 |
| Communication Services | 4.08 |
| Utilities | 0.97 |
| Real Estate | 6.27 |
| Other | 0.30 |
| As at 31/10/2023 |
| Name | % OF ASSETS |
|---|---|
| BHP GROUP LTD | 10.89 |
| COMMONWEALTH BANK OF AUSTRALIA | 7.82 |
| CSL LTD | 5.41 |
| NATIONAL AUSTRALIA BANK LTD | 4.25 |
| ANZ GROUP HOLDINGS LTD | 3.60 |
| WESTPAC BANKING CORP | 3.49 |
| WOODSIDE ENERGY GROUP LTD | 3.30 |
| MACQUARIE GROUP LTD | 2.79 |
| WESFARMERS LTD | 2.77 |
| TELSTRA GROUP LTD | 2.13 |
| As at 31/10/2023 |
| Inception Date | 1 Month | 3 Months | 1 Year | 3 Years | 5 Years | Since Inception |
|---|---|---|---|---|---|---|
| 8/2/2019 | -4.00% | -7.57% | 2.27% | 8.20% | - | 6.44% |
|
Past performance is not a reliable indicator of future performance. Performance is net of fees and charges. Performance for periods longer than 1 year are annualised. This information has been prepared for the purpose of providing general information, without taking into account your objectives, financial situation or needs. Before making an investment decision, you need to consider whether this information is appropriate to your objectives, financial situation or needs. Please consult your financial adviser. This information has been compiled from sources considered to be reliable, but is not guaranteed. Any potential investor should consider the relevant PDS in deciding whether to acquire, or continue to hold units in a fund. |
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Fund detail
| Assets under management | $1,563,653,296(As at 29/11/2023) |
|---|---|
| Fund inception | 8th February 2019 |
| Minimum Investment timeframe | 7 years |
| Investment return objective | To provide a total return, before costs and tax, in line with the Fund’s benchmark over rolling three year periods with a focus on reducing the Fund’s exposure to carbon relative to benchmark. |
| Investment strategy | The Fund invests predominantly in a broad range of Australian shares listed on the Australian Securities Exchange. The Fund targets a reduction in carbon exposure compared to the Benchmark. The Fund also employs certain investment exclusions. Derivatives may be used by the Fund to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risks. For further information on how the Fund seeks to achieve a reduced carbon exposure and the investment exclusions employed, refer to ESG considerations in the ‘How we invest your money’ section of the Additional Information Booklet. |