RUSSELL INVESTMENTS

Global Listed Real Estate Fund

Total Net Assets

$ 48.0 M

As of 31/03/2024

Fund Inception Date

05/12/2023

GLOBAL LISTED REAL ESTATE -
LOVE IT OR LIST IT

We highlight the key attributes of the asset class, its evolving composition, and compare fund options for local investors

 

Performance
AS OF 29/2/2024
Latest Month Last 3 months Year to Date 1 Yr 3 Yrs 5 Yrs 10 Yrs Since Inception

 

Portfolio

Top 10 holdings

As of 29/02/2024

Company Weight  INDEX
PROLOGIS INC 7.99% 7.85%
EQUINIX INC 5.20% 5.30%
WELLTOWER INC 5.02% 3.16%
SIMON PROPERTY GROUP INC 4.04% 3.07%
DIGITAL REALTY TRUST INC 4.09% 2.83%
REALTY INCOME CORP 2.49% 2.77%
PUBLIC STORAGE 2.76% 2.84%
INVITATION HOMES INC 2.04% 1.33%
SUN COMMUNITIES INC 2.27% 1.05%
ESSEX PROPERTY TRUST INC 1.98% 0.84%

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 29/02/2024

DESCRIPTION FUND  INDEX
Asia ex Japan 6.22% 6.80%
Australia/New Zealand 3.93% 4.00%
Canada 2.38% 2.51%
Europe ex UK 7.46% 8.64%
Japan 9.58% 9.67%
UK 4.50% 4.04%
United States 66.76% 64.36%
Other -1.12% 0.00%
Emerging Markets 0.29% 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%
Key Facts

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%

Statistics

3-YEAR BETA

-

5-YEAR BETA

-

3-YEAR VOLATILITY

-

5-YEAR VOLATILITY

-

3-YEAR TRACKING ERROR

-

5-YEAR TRACKING ERROR

-

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.

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.