RUSSELL INVESTMENTS

Global Fixed Interest Fund

Total Net Assets

$534.0M

as of 31/1/2024

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 31/01/2024
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.

Historical distributions

EX-DATE INCOME DIVIDEND  RE-INVEST NAV
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 31/12/2023

Country Weight INDEX 
United States Treasury Note/Bond 13.95% 16.79%
United States Treasury Bill 3.82% 0.00%
Mexican Bonos 3.14% 0.34%
Ginnie Mae II Pool 2.78% 0.00%
Bundesrepublik Deutschland Bundesanleihe 2.68% 1.85%
Japan Government Ten Year Bond 2.56% 3.18%
Japan Government Twenty Year Bond 2.03% 3.24%
United Kingdom Gilt 1.92% 2.93%
Romanian Government International Bond 1.84% 0.08%
Fannie Mae or Freddie Mac 1.56% 0.00%

Regional weights

As of 31/12/2023

DESCRIPTION Weight INDEX
Canada 1.69% 2.85%
Asia/Pacific ex Japan 1.23% 3.03%
EMEA ex UK 20.33% 24.02%
Emerging 5.94% 11.97%
Frontier 2.84% 0.47%
Japan 7.44% 10.55%
Other 2.14% 2.37%
UK 3.10% 2.98%
Unknown 10.07% 0.00%
US 45.22% 41.76%

Sector weights

As of 31/12/2023

Sector Weight INDEX 
Cash 10.09% 0.00%
Derivatives & Other -0.16% 0.00%
Corporate 26.43% 22.60%
Government 48.34% 65.54%
Securitized Products 15.30% 11.86%

Strategic manager allocations

As at 31/01/2023

Description Allocation Manager Style
BlueBay Country selection 29.00%
Russell Investments Integrated Global Governments 14.00%
Russell Investments Intelligent Credit (Systematic) 20.00%
Russell Investments Liquidity 3.00%
Schroders Securitised specialist 13.00%
Western Asset Management Security selection 21.00%
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

31/3/2023

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 31/12/2023

3-YEAR BETA

1.02

5-YEAR BETA

1.07

3-YEAR VOLATILITY

5.88%

5-YEAR VOLATILITY

5.57%

3-YEAR TRACKING ERROR

0.99%

5-YEAR TRACKING ERROR

1.67%

EFFECTIVE DURATION

6.44

YIELD TO MATURITY

4.74%

Average Credit Rating

AA

AVERAGE LIFE

9.17

Literature

 

Implemented Investment Solutions Limited is the issuer of the funds on this page and Russell Investment Group Limited (RIGL) is the investment manager. Other useful information about these funds is available on the relevant fund’s offer register entry at www.companiesoffice.govt.nz/disclose.

The information on this page has been prepared for the purpose of providing general information, without taking into account your objectives, financial situation or needs and should not be relied upon in making an investment decision. 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. Net Returns above assume highest management fee. Any potential investor should consider the relevant Product Disclosure Statement in deciding whether to acquire, or continue to hold units in a fund.

RIGL is part of Russell Investments. Russell Investments' ownership is composed of a majority stake held by funds managed by TA Associates, with a significant minority stake held by funds managed by Reverence Capital Partners. Russell Investments' employees and Hamilton Lane Advisors, LLC also hold minority, non-controlling, ownership stakes.

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.

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.