{ "schemaVersion": "1.1", "canonicalUrl": "https://managedfunds.nz/funds/russell/hedged-sustainable-global-shares/", "fetchedAt": "2026-06-20T08:25:17.212Z", "fund": { "slug": "hedged-sustainable-global-shares", "name": "Russell Investments Hedged Sustainable Global Shares Fund", "managerSlug": "russell", "category": "international-equities", "riskProfile": null, "isPie": true, "isEtf": null, "ticker": null, "isHedged": true, "isResponsibleInvestment": true, "isThematic": null, "isFifNotPie": null, "shortDescription": null, "availableVia": [ "direct" ], "dataStatus": "pending-ingestion" }, "manager": { "slug": "russell", "name": "Russell Investments", "legalName": "Russell Investments NZ Limited", "parent": null, "website": "https://russellinvestments.com/nz", "hq": null }, "category": { "slug": "international-equities", "name": "International Equities", "shortName": "International Equities" }, "metrics": { "status": "ok", "matchScore": 3, "sortedFundName": "RUSSELL INVESTMENTS HEDGED SUSTAINABLE GLOBAL SHARES FUND", "sortedManager": "FUNDROCK NZ LIMITED fundrock.com", "sortedUrl": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10586/OFR10646/FND36309/", "fetchedAt": "2026-05-22T02:55:19.253Z", "source_doc": "sorted/SCH10586/OFR10646/FND36309", "source_doc_date": "2026-05-22", "source_doc_url": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10586/OFR10646/FND36309/", "source_tier": "C", "riskIndicator": 5, "annualFundChargePct": 0.33, "peerAvgFeePct": 0.91, "fiveYearReturnPct": null, "peerAvg5YearReturnPct": 4.91, "fiveYearReturnNote": "Less than 5 years of data", "growthAssetsPct": 98.31, "incomeAssetsPct": 1.69, "fundSizeNzd": 744028539, "pdsUrl": "/disclose-document/71a5f5ce374be0eb/20260420-Russell-Investment-Funds-PDS-Sustainable-Global-Shares-Funds.pdf", "strategySummary": "“\n The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed and emerging international markets. 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Therefore, investors are exposed to the risks associated with having exposure to a limited number of economies, markets and currencies. Individual Investors can look to manage this risk by including other investments in their portfolio." }, { "risk_name": "NZ Shares concentration risk", "description": "The Russell Investments NZ Shares Fund invests predominantly in shares from New Zealand. Therefore, investors are exposed to the risks associated with only having predominant exposure to this economy, market and currency. Individual Investors can look to manage this risk by including other investments in their portfolio." }, { "risk_name": "Country risk", "description": "The Russell Investments Global Fixed Interest, Global Shares and Hedged Global Shares, Sustainable Global Shares and Hedged Sustainable Global Shares Funds each invest internationally. Each country's market is regulated by different authorities, resulting in different levels of consumer protection. The volatility of economic and political conditions will vary from country to country, creating uncertainty and an increase in unforeseen factors." }, { "risk_name": "Inflation risk", "description": "This is the risk that an investment will lose real value because of the rate of inflation. The risk is greater in long term investments due to the difficulty in predicting inflation rates over long periods. All of the Russell Investment Funds are exposed to this risk." }, { "risk_name": "Diversification risk", "description": "The Russell Investment Funds invest either directly or indirectly in well diversified portfolios of securities. As the funds are actively managed the composition of the underlying portfolios will vary from the composition of the relevant Fund benchmark. This will result in Fund returns being both above and below relevant benchmark returns." }, { "risk_name": "Administration risk", "description": "There will also always be the risk of a technological or other failure or event impacting on the Funds or the financial markets in general that may affect returns. Also, although the Manager has mechanisms available to manage compliance with the PIE eligibility requirements, there is a risk that a Fund could lose its PIE status if there is a breach of those requirements and the Manager does not become aware of the breach in time to correct it." }, { "risk_name": "Operational risk", "description": "The Funds are exposed to operating risk. This is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. Adverse impacts may arise internally through human error, technology, or infrastructure changes, or through external events, such as third-party failures or crisis events. Russell Investments has processes in place designed to manage these risks." }, { "risk_name": "Integrated financial product risk", "description": "The Russell Investments Sustainable Global Shares Fund, the Hedged Sustainable Global Shares Fund, the Global Fixed Interest Fund and the Russell Investments Global Listed Infrastructure Fund are integrated financial products that claim to have non-financial impacts. These funds have stated ESG objectives as described in the SIPO. There is a risk these funds may not achieve their non-financial objectives and therefore may not align with the intended outcomes of those who invested for the funds' non-financial features." } ], "tax_disclosures": [ "The Funds are PIEs (Portfolio Investment Entities) and calculate taxable income on investments in global shares listed outside of New Zealand and Australia, and forward currency contracts used for currency hedging, using the Fair Dividend Rate (FDR) method.", "As a Multi-Rate PIE, the Funds allocate taxable income to Investors and pay tax on allocated income on behalf of Investors with a PIR greater than zero; adjustments are made to Investor interests to reflect varying tax rates paid.", "Investors will not pay tax on distributions (if any) paid to Investors from the Funds.", "If an Investor does not provide their PIR to FundRock they will automatically be taxed at the maximum default rate of 28%; if an Investor provides an incorrect PIR, they may be liable for any additional income tax.", "FundRock has elected for the Russell Investments Global Shares Fund, Hedged Global Shares Fund, Sustainable Global Shares Fund (and hence Hedged Sustainable Global Shares Fund), NZ Fixed Interest Fund, NZ Shares Fund, Global Listed Infrastructure Fund, and Global Listed Real Estate Fund to be Foreign Investment PIEs, allowing lower PIRs for eligible foreign residents who complete a notified foreign investor form.", "For Foreign Investment PIEs, eligible foreign residents are taxed at: 0% on all non-NZ sourced income, fully imputed dividends and NZ financial arrangement income (excluding interest below); 1.44% on NZ interest income; 15% (non-standard) or 30% (standard) on un-imputed NZ dividend income; 28% on other NZ sourced income.", "The Russell Investments Global Fixed Interest Fund invests through an Australian Unit Trust; withholding tax on income received by the Australian Unit Trust is not recognised under NZ tax law and therefore cannot be utilised against any PIE tax liability related to investments in the fund.", "Taxable income is attributed annually to 31 March, or at any time an Investor withdraws all or part of their investment from the Fund.", "If there is a tax loss or excess tax credits for a period, these will generally be available to Investors with a PIR other than 0% in the form of a rebate; the Fund will re-invest this rebate by purchasing Units or include it in net proceeds payable on full withdrawal.", "The Commissioner of Inland Revenue can require FundRock to disregard a PIR notified by an Investor if the Commissioner considers the rate to be incorrect." ], "trustee_supervisor": "Public Trust", "auditor": "PricewaterhouseCoopers", "custodian": "Public Trust RIF Nominees Limited (for Russell Investments NZ Shares Fund, NZ Fixed Interest Fund, Global Fixed Interest Fund); BNP Paribas Fund Services Australasia Pty Ltd (for Russell Investments Global Shares Fund, Hedged Global Shares Fund, Sustainable Global Shares Fund, Hedged Sustainable Global Shares Fund, Global Listed Infrastructure Fund, Global Listed Real Estate Fund)", "source_paragraphs": [ "Both we and the Scheme's registry manager, Apex Investment Administration (NZ) Limited, are ultimately owned by Apex Group Limited. This common ownership may influence us to agree commercial terms with Apex NZ that are more favourable to Apex NZ than would otherwise be the case.", "We may waive or decrease a management fee without notice. We may increase a management fee by giving you at least three months' notice. No management fee may be increased above 2.00% p.a. of Gross Asset Value.", "If Investors of a Fund remove us as Manager by Extraordinary Resolution (other than for breach of trust or negligence), we may charge that Fund a termination fee, being the greater of: $150,000; and Four times the per annum percentage management fee for the Fund multiplied by the Gross Asset Value of the Fund on the last Valuation Time before we cease to hold office." ], "_match": { "schemeId": "SCH10586", "ourFundName": "RUSSELL INVESTMENTS HEDGED SUSTAINABLE GLOBAL SHARES FUND", "scope": "scheme-level" } }, "sources": { "fmaDisclose": "https://disclose-register.companiesoffice.govt.nz/search?searchType=ALL&q=Russell%20Investments%20Hedged%20Sustainable%20Global%20Shares%20Fund", "sortedSmartInvestor": "https://smartinvestor.sorted.org.nz/kiwisaver-and-managed-funds/SCH10586/OFR10646/FND36309/", "productDisclosureStatement": "/disclose-document/71a5f5ce374be0eb/20260420-Russell-Investment-Funds-PDS-Sustainable-Global-Shares-Funds.pdf", "pdsExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/71a5f5ce374be0eb/20260420-Russell-Investment-Funds-PDS-Sustainable-Global-Shares-Funds.pdf", "sipoExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/d77b59388ed1e9aa/20260401-Russell-SIPO.pdf", "omiExtractSource": "https://smartinvestor.sorted.org.nz/disclose-document/f8bc4f2cf08b0792/20260401-Russell-Investment-Funds-OMI.pdf" }, "licence": { "reuse": "Citation with link-back to canonicalUrl required. No paid redistribution.", "contact": "hello@managedfunds.nz" } }