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  5. Russell Global Bond B - Managed fund profile

Russell Global Bond B - Managed Fund

Fund Objective
To aim to provide a total return, before costs and tax, higher than the Fund?s benchmark over the long term by providing exposure to a diversified portfolio of predominantly foreign currency fixed income securities, largely hedged into NZ dollars.
Fund Strategy
The Fund invests predominantly in debt securities issued by supranationals, international governments, quasi-governments, agencies and corporates as well as structured credit securities including mortgage and asset backed securities. The Fund may also be exposed to low grade or unrated debt securities, emerging markets and currency to a limited extent.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -3.16% -0.12% 3.57% 7.31% 4.14% -3.62% -0.85% 2.5%
Growth return -3.16% -0.12% 3.57% -% 4.14% -3.64% -3.97% -1.17%
Income return 0% 0% 0% -% 0% 0.02% 3.12% 3.67%
Market index (Bloomberg Global Aggregate TR Hdg AUD)
Total return -1.51% 0.53% 4.02% 8.37% 4.14% -1.89% -0.61% 2.01%
As at 31 Oct 2024. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Global Bond B
Cash
9.32%
Fixed Interest
86.79%
Alternatives
3.89%
Australian Equities
0%
International Equities
0%
Property
0%
Average Allocation of Peers
Cash
6.54%
Fixed Interest
90.06%
Alternatives
2.16%
Australian Equities
0.68%
International Equities
0.56%
Property
0%

General Information

Fund Details
Type Description
Russell Global Bond B
Russell Investment Management Limited
RIM0080AU
Bonds - Global
starstarstar (as at 30 Sep 2024)
Investment Fund
19 Aug 2011
$361.85 million (as at 31 Oct 2024)
$0.9343 (as at 20 Nov 2024)
$0.9315 (as at 20 Nov 2024)
Open
Offer information
Type Description
MER 0.70% (as at 25 Oct 2023)
Indirect Cost Ratio (ICR) 0.76% (as at 30 Jun 2023)
Performance fee (not included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

Top 10 holdings (as at 31 Oct 2024)

Holding (as at 31 Oct 2024) Type % of Portfolio
Russell Inv Global Bond D Mutual Fund - Open End 100.04%
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FAQs about the Russell Global Bond B

The objective of the Russell Global Bond B managed fund is To aim to provide a total return, before costs and tax, higher than the Fund?s benchmark over the long term by providing exposure to a diversified portfolio of predominantly foreign currency fixed income securities, largely hedged into NZ dollars.

The strategy of the Russell Global Bond B managed fund is The Fund invests predominantly in debt securities issued by supranationals, international governments, quasi-governments, agencies and corporates as well as structured credit securities including mortgage and asset backed securities. The Fund may also be exposed to low grade or unrated debt securities, emerging markets and currency to a limited extent.

The APIR code of the Russell Global Bond B managed fund is RIM0080AU.

Russell Global Bond B’s total return last month was -3.16%. This was made up of a growth return of -3.16% and an income return of 0%. These returns were calculated as at 31 Oct 2024.

Russell Global Bond B’s total return for the last three months was -0.12%. This was made up of a growth return of -0.12% and an income return of 0%%. These returns were calculated as at 31 Oct 2024.

Russell Global Bond B’s one-year total return is 7.31%. This was made up of a growth return of -% and an income return of -%. These returns were calculated as at 31 Oct 2024.

Russell Global Bond B’s one-year total return is -3.62%. This was made up of a growth return of -3.64% and an income return of 0.02%. These returns were calculated as at 31 Oct 2024.

The asset allocation of the Russell Global Bond B managed fund is :

Cash
9.32%
Fixed Interest
86.79%
Alternatives
3.89%
Australian Equities
0%
International Equities
0%
Property
0%

The Responsible Entity for the Russell Global Bond B managed fund is Russell Investment Management Limited.

The Russell Global Bond B managed fund belongs to the Bonds - Global sector/asset class.

As at 31 Oct 2024, the size of the Russell Global Bond B managed fund was $361.85 million.

The Russell Global Bond B managed fund has an inception date of 19 Aug 2011.

The current entry price of the Russell Global Bond B managed fund is $0.9343 per unit and the current exit price is $0.9315 per unit (as at 20 Nov 2024).

The current exit price of the Russell Global Bond B managed fund is $0.9315 per unit and the current entry price is $0.9343 per unit (as at 20 Nov 2024).

The minimum initial investment amount for the Russell Global Bond B managed fund is $0. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.