RUSSELL INVESTMENTS

Global Fixed Interest Fund

Total Net Assets

$533.3M

as of 31/10/2024

Fund Inception Date

21/12/2011

hot air balloon

The Re-emergence of Global Bonds

In The Re-emergence of Global Bonds, we highlight the investment case for local investors and illustrate the benefits of adopting a multi-manager strategy to access this asset class.

Performance
AS OF 31/10/2024
Latest Month Last 3 months Year to Date 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Inception

Source for index data: Bloomberg. Please see disclaimer for further details. Net of fee performance assume highest possible Total Annual Fund Charge (see PDS). Past performance is no guarantee of future results.

Distributions

EX-DATE INCOME DIVIDEND  RE-INVEST NAV
30/09/24 0.02 1.0078
28/03/24 0.02 0.9876
29/09/23 0.02 0.9508
31/03/23 0.02 1.0025
30/09/22 0.02 0.9908
31/03/22 0.02 1.1007
30/09/21 0.02 1.1864
31/03/21 0.02 1.1911
30/09/20 0.02 1.2249
31/03/20 0.02 1.1737
30/09/19 0.02 1.2032
29/03/19 0.02 1.1629
28/09/18 0.02 1.1410
29/03/18 0.02 1.1687
29/09/17 0.02 1.1769
31/03/17 0.02 1.166
Portfolio

Top 10 Issuers

As of 31/10/2024

Country Weight INDEX 
United States Treasury Note/Bond 9.78% 18.11%
Mexican Bonos 4.96% 0.29%
United States Treasury Bill 3.84% 0.00%
Fannie Mae or Freddie Mac 2.59% 0.00%
Japan Government Thirty Year Bond 2.23% 1.64%
Romanian Government International Bond 1.97% 0.11%
Indonesia Treasury Bond 1.82% 0.35%
Japan Government Twenty Year Bond 1.81% 2.84%
Ginnie Mae II Pool 1.57% 0.00%
United Kingdom Gilt 1.54% 2.81%

Regional weights

As of 31/10/2024

DESCRIPTION Weight INDEX
United States 45.14% 41.36%
Europe ex UK 16.68% 26.34%
Emerging Markets 15.64% 14.72%
Japan 7.33% 10.02%
Other 6.24% 0.00%
Australia/New Zealand 3.95% 1.48%
United Kingdom 2.19% 2.91%
Canada 2.04% 2.89%
Asia ex Japan 0.79% 0.28%

Sector weights

As of 31/10/2024

Sector Weight INDEX 
Treasuries 32.84% 44.82%
Corporate - Investment Grade 29.47% 17.34%
Securitized 17.40% 11.12%
Emerging Markets - Local Currency 14.00% 13.10%
Emerging Markets - Hard Currency 6.88% 2.97%
Other 3.13% 2.20%
Corporate - High Yield 1.59% 0.36%
Government Related 0.95% 8.09%

Strategic manager allocations

As at 31/08/2024

Description Allocation Manager Style
Colchester Global sovereign 15.00%
RBC Global Asset Management (UK) Limited Rates/FX 33.00%
Russell Investments Positioning Strategies 23.00%
Schroder Investment Management North America Inc. Structured Products 17.00%
Key Facts

Portfolio Manager

Gerard Fitzpatrick

Fund Inception Date

21/12/2011

Benchmark

Bloomberg Barclays Global Aggregate Bond Index - NZDH (TR)

Dealing Frequency

Daily

Buy spread

0.15%

As of 15 June 2023

Sell spread

0.15%

As of 15 June 2023

Ex-date

30/9/2024

Dividend distribution

0.02

FEES – MANAGER EXCL. GST

0.47%

FEES – IN-FUND COSTS*

0.12%

FEES – ESTIMATED TOTAL ANNUAL FUND CHARGES**

0.59%

Statistics
As of 31/10/2024

3-YEAR BETA

1.03

5-YEAR BETA

1.10

3-YEAR VOLATILITY

6.22%

5-YEAR VOLATILITY

5.70%

3-YEAR TRACKING ERROR

1.04%

5-YEAR TRACKING ERROR

1.71%

EFFECTIVE DURATION

6.60

YIELD TO MATURITY

4.43%

Average Credit Rating

A

AVERAGE LIFE

9.70

Literature

 

*in-fund costs include Forex/CLS trades, fund and registry administration audit, tax and legal, benchmark licenses etc. For full details of what is included, refer to the PDS

**these fees include management fees, supervisor’s fee, custody transaction costs etc., and are accrued and updated on our website approximately monthly. For full details of what is included, refer to the PDS

FundRock NZ Limited (FundRock) is the issuer and manager of the funds on this page and Russell Investment Group Limited (RIGL) is the investment manager. Product Disclosure Statements are available from RIGL or FundRock and on https://disclose-register.companiesoffice.govt.nz. The information contained on this website is not an offer of units in the funds offered within the Scheme or a proposal or an invitation to make an offer to sell, or a recommendation to subscribe for or purchase, any units in the funds. If you are making an investment directly then you will be required to complete the application form, which can be obtained from FundRock. The information and any opinions on this website are based on sources that RIGL believes are reliable and accurate. RIGL, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained herein and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of RIGL, or otherwise, except for any statutory liability which cannot be excluded. All opinions reflect RIGL’s judgement on the date of this website and are subject to change without notice. This disclaimer extends to FundRock, and any entity that may distribute this publication. The information on this website is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013 as amended by the Financial Services Legislation Amendment Act 2019. In particular, in preparing this document, Russell Investments did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser should be taken before making any investment. Past performance is not necessarily indicative of future performance, unit prices may go down as well as up and an investor in the fund may not recover the full amount the capital that they invest. No part of this information may be reproduced without the permission of RIGL or FundRock.

Performance figures assume reinvestment of income. The benchmark return shown does not include any fees and is not intended to be an indicator of the return to an investor. Performance data is provided for informational purposes only and is not intended to imply a recommendation about a product or form the basis for making an investment decision

Source: Bloomberg Index Services Limited. BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg does not approve or endorse this material or guarantee the accuracy or completeness of any information herein, nor does Bloomberg make any warranty, express or implied, as to the results to be obtained therefrom, and, to the maximum extent allowed by law, Bloomberg shall not have any liability or responsibility for injury or damages arising in connection therewith.