Russell Investments Low Carbon Global Shares Fund
The Fund invests in a broad range of international shares listed on stock exchanges in developed and emerging international markets. The Fund suits investors who value environmental, social and governance (ESG) considerations within the investment decision making process, particularly those related to climate change risk.
SECTOR ALLOCATIONS |
|
|
ASSET CLASS |
ALLOCATION (%) |
■ FINANCIALS |
18.50 |
■ CONSUMER DISCRETIONARY |
12.44 |
■ TELECOMMUNICATION SERVICES |
3.46 |
■ HEALTH CARE |
11.52 |
■ REAL ESTATE |
3.28 |
■ INFORMATION TECHNOLOGY |
18.41 |
■ CONSUMER STAPLES |
8.84 |
■ INDUSTRIALS |
10.53 |
■ ENERGY |
5.84 |
■ UTILITIES |
2.58 |
■ MATERIALS |
4.59 |
|
The top 10 stocks for the fund
Description |
|
Fund Weight (%) |
Benchmark Weight (%) |
Active Weight (%) |
Carbon Emissions |
Carbon Reserves |
APPLE INC |
AAPL |
2.22% |
2.11% |
0.11% |
2 |
0 |
ALPHABET INC |
GOOGL |
1.62% |
1.58% |
0.04% |
37 |
0 |
MICROSOFT CORP |
MSFT |
1.42% |
1.42% |
0.00% |
18 |
0 |
AMAZON COM INC |
AMZN |
1.10% |
1.11% |
-0.01% |
51 |
0 |
JOHNSON & JOHNSON |
JNJ |
1.09% |
1.00% |
0.08% |
16 |
0 |
FACEBOOK INC |
FB |
1.00% |
1.00% |
0.00% |
25 |
0 |
JP MORGAN CHASE & CO |
JPM |
0.93% |
0.94% |
-0.01% |
10 |
0 |
NESTLE SA |
NESN-CH |
0.75% |
0.74% |
0.01% |
80 |
0 |
WELLS FARGO CO NEW |
WFC |
0.73% |
0.74% |
-0.02% |
15 |
0 |
BANK AMER CORP |
BAC |
0.69% |
0.70% |
0.00% |
14 |
0 |
Fund detail
ASSETS UNDER MANAGEMENT |
$360,000,000 (as at 10/10/2017) |
FUND INCEPTION |
10th October 2017 |
RECOMMENDED TIMEFRAME |
7 years |
INVESTMENT OBJECTIVE |
To provide a total return, before costs and tax, in line with the Class’s benchmark over rolling three year periods while aiming to deliver a 50% reduction in carbon emissions and carbon reserves. |
INVESTMENT STRATEGY |
The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed and emerging international markets. The Fund will maintain a reduced carbon exposure compared to the Benchmark, whilst also increasing exposure to renewable energy and taking into account other ESG considerations such as the exclusion of controversial weapons, uranium and tobacco companies. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. Foreign currency exposures for the Class are largely hedged back to Australian dollars using derivatives. |