RUSSELL INVESTMENTS
Global Listed Real Estate Fund
GLOBAL LISTED REAL ESTATE -
LOVE IT OR LIST IT
AS OF 31/03/2024
|
Latest Month | Last 3 months | Year to Date | 1 Yr | 3 Yrs | 5 Yrs | 10 Yrs | Since Inception |
---|---|---|---|---|---|---|---|---|
Russell Investments Global Listed Real Estate Fund (Gross)
|
3.66% | 1.42% | 1.42% | - | - | - | - | 7.06% |
Russell Investments Global Listed Real Estate Fund(Net) | 3.56% | 1.14% | 1.14% | - | - | - | - | 6.68% |
FSTE EPRA/NAREIT Developed Real Estate Index NZDH (NR) | 3.74% | 0.21% | 0.21% | - | - | - | - | 6.18% |
Top 10 holdings
As of 31/03/2024
Company | Weight | INDEX |
---|---|---|
Prologis Inc | 7.15% | 7.26% |
Welltower Inc | 4.80% | 3.13% |
Equinix Inc | 4.38% | 4.66% |
Simon Property Group Inc | 3.90% | 3.07% |
Digital Realty Trust Inc. | 3.83% | 2.63% |
Public Storage | 2.59% | 2.75% |
Avalonbay Communities Inc | 2.09% | 1.59% |
Mitsui Fudosan Co Ltd | 2.09% | 1.76% |
Essex Property Trust Inc | 2.07% | 0.94% |
Invitation Homes Inc | 1.97% | 1.31% |
Sector weights
As at 31/03/2024
DESCRIPTION | FUND | INDEX |
Diversified | 20.24% | 20.55% |
Health Care | 8.29% | 8.45% |
Industrial | 16.14% | 16.13% |
Lodging/Resorts | 4.24% | 5.64% |
Office | 3.36% | 6.37% |
Residential | 18.24% | 15.11% |
Retail | 13.05% | 13.79% |
Self Storage | 5.96% | 6.00% |
Technology | 10.06% | 7.86% |
Other | 0.42% | 0.10% |
Regional weights
As at 31/03/2024
DESCRIPTION | FUND | INDEX |
United States | 63.31% | 61.70% |
Japan | 10.33% | 10.20% |
Europe ex UK | 7.81% | 8.84% |
Asia ex Japan | 5.63% | 6.15% |
United Kingdom | 4.94% | 4.18% |
Australia/New Zealand | 4.71% | 6.40% |
Canada | 2.53% | 2.43% |
Other | 0.34% | 0.00% |
Emerging Markets | 0.40% | 0.10% |
Strategic Manager Allocations
As at 5/12/2023
REGION | Allocation | WEIGHT |
---|---|---|
Cohen & Steers Capital Management | NAV & dividend discount model | 43.00% |
RREEF America L.L.C | Fundamental/bottom-up | 47.00% |
Russell Investments | Active Positioning Strategy | 10.00% |
Portfolio Manager
Adrianna Giesey
Fund Inception Date
05/12/2023
Benchmark
FSTE EPRA/NAREIT Developed Real Estate Index NZDH (NR)
Dealing Frequency
Daily
Buy spread
0.17%
SELL SPREAD
0.12%
EX-DATE
Dividend distribution
FEES – MANAGER EXCL. GST
0.85%
FEES – IN-FUND COSTS*
0.26%
FEES – ESTIMATED TOTAL ANNUAL FUND CHARGES**
1.11%
3-YEAR BETA
-
5-YEAR BETA
-
3-YEAR VOLATILITY
-5-YEAR VOLATILITY
-
3-YEAR TRACKING ERROR
-
5-YEAR TRACKING ERROR
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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.
S&P/NZX 50 Index Gross with Imputation (‘index’) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Russell Investments. Copyright © 2023 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC's indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.
Benchmark changes: From 1 July 2016 this is S&P/NZX 50 Index (gross and including imputation credits). Prior to 30 June 2016 this was the Russell New Zealand Domestic Index including imputation credits (previously known as the Russell NZ Tradable Gross Index). Prior to 1 December 2014 the benchmark was the NZX50 Index including imputation credits.
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.