What can the Russell Investments Global Fixed Interest Fund actually invest in?
The fund's Statement of Investment Policy and Objectives (SIPO) defines the asset classes it can hold and the allowable target / min / max weights for each.
Strategic asset allocation ranges
| Asset class | Target | Min | Max |
|---|---|---|---|
| International fixed interest | 100% | 90% | 100% |
| Cash and cash equivalents | — | 0% | 10% |
Mandate flexibility (sum of max − min across all ranges): 20%. Narrow range — index-tracking style with limited drift.
Explicit exclusions (5)
- Tobacco Manufacturers (corporate debt holdings only)
- Controversial Weapons Producers (corporate debt holdings only)
- Nuclear Weapons Producers (corporate debt holdings only)
- Prohibited Coal Companies (corporate debt holdings only)
- UNGC Principles Non-Compliance (corporate debt holdings only)
Responsible-investment approach
Various investment exclusions are applied to the Funds including tobacco manufacturers, controversial weapons producers, nuclear weapons producers, firearms, uranium mining, prohibited coal companies, and UNGC Principles non-compliance. Certain funds have additional ESG objectives targeting carbon footprint reductions and improved ESG scores. Exclusions rely on data from independent vendors including Sustainalytics and are reviewed quarterly.
Derivatives policy
Derivatives may be used across funds to obtain or reduce exposure to securities and markets, implement investment strategies, and manage risk, including currency hedging instruments. ESG considerations and exclusions applied in a Fund do not apply where a Fund invests in derivatives.