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.

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.
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