Russell Investments Australian Floating Rate Fund

The portfolio invests in a range of cash and short-term fixed interest securities.

Manager Allocation (%) Color
Russell Investments Australian Floating Rate Fund
Perpetual		 90 #5ab7e8
Russell Investments		 10 #938a84
As at 05/11/2024
Name Allocation (%) Color
Corporate - Investment Grade		 47.29 #5ab7e8
Securitized		 39.20 #938a84
Other		 13.51 #c9c8aa
As at 31/05/2024
Performance (As at 30/9/2024)
Inception Date 1 Month 3 Months 1 Year 3 Years 5 Years Since Inception
31/12/2004 0.41% 1.33% 6.01% 3.57% 2.55% 3.95%
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.

Fund detail

Assets under management $517,035,102(As at 31/10/2024)
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.