RUSSELL INVESTMENTS

Hedged Global Shares Fund

Total Net Assets

$259.1M

as of 31/10/2024

Fund Inception Date

24/07/2012

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: MSCI. Please see disclaimer for further details and full benchmark history. 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 0.015 3.2459
29/09/23 0.015 2.6141
31/03/23 0.015 2.5586
30/09/22 0.015 2.2774
31/03/22 0.000 2.7863
30/09/21 0.015 2.7494
31/03/21 0.015 2.6369
30/09/20 0.015 2.1435
31/03/20 0.015 1.7567
30/09/19 0.015 2.1345
29/03/19 0.015 2.0844
28/09/18 0.015 2.1655
29/03/18 0.015 2.0855
29/09/17 0.015 2.0269
31/03/17 0.015 1.8794
Portfolio

Top 10 holdings

As of 31/10/2024

Company Weight Index
Taiwan Semiconductor Manufacturing Co Ltd 3.42% 1.04%
Microsoft Corp 2.87% 3.75%
Alphabet Inc 2.54% 2.46%
Meta Platforms Inc 1.82% 1.63%
Samsung Electronics Co Ltd 0.91% 0.31%
Apple Inc 1.98% 4.30%
Nvidia Corp 1.43% 4.27%
Amazon.com Inc 1.20% 2.28%
Alibaba Group Holding Ltd 1.01% 0.24%
UnitedHealth Group Inc 0.96% 0.68%

Regional weights

As of 31/10/2024

COUNTRY Weight INDEX 
United States 61.71% 64.49%
Europe ex UK 12.61% 11.66%
Emerging Markets 12.05% 10.45%
Japan 5.09% 4.93%
United Kingdom 3.19% 3.19%
Canada 2.67% 2.79%
Australia/New Zealand 1.69% 1.72%
Asia ex Japan 0.99% 0.77%

Sector weights

As of 31/10/2024

Communication Services 9.25% 7.93%
Sector Weight INDEX 
Information Technology 22.68% 24.82%
Financials 16.00% 16.60%
Health Care 13.07% 10.56%
Consumer Discretionary 11.23% 10.51%
Industrials 9.81% 10.56%
Communication Services 9.11% 7.76%
Consumer Staples 6.56% 6.18%
Materials 5.11% 3.90%
Energy 3.16% 4.06%
Real Estate 1.56% 2.19%
Utilities 1.57% 2.69%

Strategic manager allocations

As at 31/03/2024

Description Allocation Manager Style
Brandywine Global Investment Management, LLC 7.00% Classic Large Cap Value (Kaser)
Joh. Berenberg, Gossler & Co. KG 5.00% European All Cap
Nissay Asset Management Corporation 10.00% Value
Numeric Investors LLC 11.00% Market-Oriented
Oaktree Capital Management, L.P. 10.00% Market-Oriented
PineStone Asset Management Inc. 11.00% Growth
Russell Investments 17.00% Positioning strategies
RWC Asset Advisors (US) LLC 7.00% Market-Oriented
Sanders Capital, LLC 16.00% Value
Wellington Management Australia Pty Ltd 6.00% Growth
Key Facts

Portfolio Manager

Jordan McCall

Fund Inception Date

24/07/2012

Benchmark

MSCI ACWI Index (NR) – NZDH 

Dealing Frequency

Daily

BUY SPREAD

0.14%

As of 17 June 2024

SELL SPREAD

0.12%

As of 17 June 2024

EX-DATE

30/9/2024

Dividend distribution

0.015

FEES – MANAGER EXCL. GST

0.80%

FEES – IN-FUND COSTS*

0.12%

FEES – ESTIMATED TOTAL ANNUAL FUND CHARGES**

0.92%

Statistics
As of 31/10/2024

3-YEAR BETA

0.95

5-YEAR BETA

0.99

3-YEAR VOLATILITY

14.16

5-YEAR VOLATILITY

15.99

3-YEAR TRACKING ERROR

1.85%

5-YEAR TRACKING ERROR

2.10%

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 for MSCI data: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the MSCI Parties.) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.

Benchmark changes: MSCI World NR 100% Hedged to NZD until 31 Dec 2010, Russell Global Large Cap (NR) 100% Hedged to NZD until 30 Sep 2018 and MSCI ACWI Index – 100% Hedged to NZD (NR) thereafter.

The fund performance shown on this website, effective from 1 December 2021, is not calculated using the unit prices for transacting into and out of the fund. The performance from this period has been calculated using adjusted unit prices. The unit prices calculated by the custodian use security prices available at NZ market close, while the benchmark is calculated using the security prices at the close of the different global markets. This pricing methodology difference causes an embedded lagging effect; hence a month-end adjustment is made to so that the fund performance reporting is aligned with the benchmark methodology and we can more accurately report the fund performance against the benchmark. This methodology is effective from 1 December 2021 thereafter. Fund performance for periods up to 30 November 2021 has been calculated using the unit prices for transacting into and out of the fund.