Russell International Shares A (RIM0008AU) Report & Performance

What is the Russell International Shares A fund?

Russell International Shares A aims 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 international shares. The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed international markets. The Fund may also be exposed to emerging market shares. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk.

Growth of $1000 Investment Over Time

Performance Report

Peer Comparison Report

Peer Comparison Report

Latest News & Updates For Russell International Shares A

Russell International Shares A Fund Commentary September 30, 2023

The Russell Investments International Shares Fund outperformed the benchmark in the September quarter.

Stock selection in Continental Europe contributed positively to fund performance over the period; notably overweights to leading Danish pharmaceutical company Novo Nordisk A/S, Swiss bank UBS Group AG and Swiss-French human resources company Adecco Group AG. All three stocks recorded strong, double-digit gains for the quarter. Stock selection in Japan also added value, including overweights to car maker Honda Motor Co. and insurers T&D Holdings and MS&AD Insurance Group. Stock selection in Asia ex Japan added further value in the third quarter; notably an underweight to Hong Kongbased multinational insurance and finance company AIA Group, which fell more than 16% over the period. In contrast, stock selection in the US detracted from overall performance. This included underweights to chipmaker NVIDIA Corp., pharmaceutical company Eli Lilly & Co. and oil major Exxon Mobil; all of which posted very strong gains for the quarter. Other US positions to impact returns were overweights to HCA Healthcare, ratings agency Moody’s Corp. and Microsoft. Stock selection in emerging markets also weighed on returns; notably our holdings in India’s HDFC Bank, Brazilian financial services company Banco Bradesco S.A. and South Korea’s Samsung Electronics. Performance was further impacted by stock selection in the UK, albeit modestly. This included an overweight to drinks maker Diageo and an underweight to multinational aerospace and defence company Rolls-Royce.

READ HISTORICAL PERFORMANCE COMMENTARIES

Product Snapshot

  • Performance Review
  • Product Overview
  • Peer Comparison
  • Product Details

Performance Review

Fund Name Last Month
? Returns after fees in the most recent (last) month).
3 Months Return
? Returns after fees in the most recent 3 months.
1 Year Return
? Trailing 12 month returns.
3 Years Average Return
? Average Annual returns from the last 3 years.
Since Inc. Average Return
? Average (annualised) returns since inception
1 Year Std. Dev. (Annual)
? The standard deviation (or annual volatility) of the last 12 months.
3 Years Std. Dev. (Annual)
? The average standard deviation (or annual volatility) from the last 3 years.
Since Inc. Std. Dev. (Annual)
? The average standard deviation (or annual volatility) since the fund inception.
1 Year Max Drawdown
? The maximum drawdown in the last 12 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
3 Year Max Drawdown
? The maximum drawdown in the last 36 months - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Since Inc. Max Drawdown
? The maximum drawdown since inception - a drawdown is a peak-to-trough decline during a specific period for an investment, trading account, or fund.
Russell International Shares A-0.48%2.63%21.43%10.84%4.83%8.65%10.87%11.88%-3.04%-14.8%-47.98%

Product Overview

Peer Comparison

Product Details

Product Due Diligence

What is Russell International Shares A

Russell International Shares A is an Managed Funds investment product that is benchmarked against Developed -World Index and sits inside the Foreign Equity - Large Multi-Manager Index. Think of a benchmark as a standard where investment performance can be measured. Typically, market indices like the ASX200 and market-segment stock indexes are used for this purpose. The Russell International Shares A has Assets Under Management of 695.15 M with a management fee of 0.98%, a performance fee of 0 and a buy/sell spread fee of 0.25%.

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Comments from SMSF Mates

Historical Performance Commentary

Performance Commentary - August 31, 2023

The Russell Investments International Shares Fund outperformed the benchmark in August.

A material overweight to the strong-performing emerging markets space contributed positively to performance over the period. Stock selection within the sector also added value, including an overweight to Argentine e-commerce platform MercadoLibre and short positions in China’s Tencent and Taiwan Semiconductor Manufacturing Co. Stock selection in Continental Europe added further value in August; notably overweights to Swiss bank UBS and Danish multinational pharmaceutical company Novo Nordisk A/S. Both stocks made very strong gains for the month. Novo Nordisk in particular climbed almost 20%, which saw it overtake French luxury group LVMH Moët Hennessy Louis Vuitton as Europe’s most valuable company. Other notable positions to add value were underweights to Japan’s Sony Group and UK pharmaceutical firm AstraZeneca. In contrast, stock selection in the US detracted from overall performance in August, including underweights to strong-performing names like Eli Lilly & Co., chip maker NVIDIA and e-commerce platform Amazon.com. Other US positions to impact returns were overweights to Meta Platforms (formerly Facebook) and Microsoft. Stock selection in Australia also weighed on performance over the period, albeit modestly. This included overweights to Telstra and national carrier Qantas. Other key holdings to impact returns were overweights to Japanese electronics company Keyence Corp. and German car makers Bayerische Motoren Werke AG (BMW) and Mercedes-Benz Group A/G.

Performance Commentary - July 31, 2023

Performance Commentary - June 30, 2023

Performance Commentary - May 31, 2023

Performance Commentary - April 30, 2023

Performance Commentary - March 31, 2023

Performance Commentary - February 28, 2023

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