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Russell Investments Australian Opportunities Fund - Class A

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/100319-2023-10-26-02:43.pdf
FUND MANAGER Russell Investment Management
ASX Code
APIR RIM0029AU
ASSET CLASS AUSTRALIAN EQUITIES
INVESTMENT STYLE

The Fund invests predominantly in shares and unit trusts listed or about to be listed on the Australian Securities Exchange (ASX). The Fund may also engage in short selling of securities. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk.

INVESTMENT PROFILE

The Fund aims to significantly outperform its benchmark (before costs and tax) over the long term by providing exposure to a diversified portfolio of predominantly Australian shares. 

CURRENCY MANAGEMENT Active management
INCEPTION DATE 31-05-2004
BENCHMARK S&P ASX 300 Accumulation Index
FUND SIZE S&P ASX 300 Accumulation Index
DISTRIBUTION FREQUENCY Half-yearly
NO. OF HOLDINGS 200+
FEES 1.13% p.a.
STRUCTURE

Benefits

Benefits

Benefits of investing in the Russell Investments Australian Opportunities Fund - Class A

The Fund delivers value to investors through:

Real diversification

The Fund systematically incorporates a selection of the strongest Australian equities investment ideas across a range of strategies and styles to help the portfolio weather various market conditions and economic scenarios.

Effective components

The Fund applies an open architecture approach to deliver appropriate exposures to achieve the investment objective.

Russell Investments devotes significant resources, expertise and time to identify the most effective strategies, the right funds and the most efficient modes of implementation.

Agility

The Fund's investment team continually monitors the Fund, and adjusts the strategy and asset class exposures as the market changes and new opportunities arise.

Risk level

High

Investor suitability

Suitable for investors with a long-term investment horizon who are seeking share-like returns. Investors must be willing to accept the possibility of negative returns over the short to medium term.

RISK LEVEL High
INVESTOR SUITABILITY

This product is suitable for investors willing to enter into a high risk investment

Risks

Title
Detail

Key Features

About the Fund

The Russell Investments Australian Opportunities Fund provides investors with exposure to a diversified portfolio of Australian shares. The underlying managers use a range of innovative investment techniques and higher return seeking strategies, such as active extension, holding concentrated portfolios and investing in a selection of smaller companies. The managers focus on identifying the best investment opportunities available and are generally not constrained to a market benchmark.

Investment Approach

The Responsible Entity is the investment manager for the Fund and is responsible for making investment decisions in relation to the Fund and implementing the Fund's investment strategy.

We devote significant resources and expertise to identifying the most effective strategies and exposures to achieve the Fund's objective. The Fund's Portfolio Manager is responsible for identifying investment managers based on a rigorous research process that is unlimited by location, ownership structure, investment approach, availability on exchanges or management responsibility.

The allocation to underlying strategies is determined and adjusted by the Portfolio Manager drawing on the insights, research and analysis from our strategist, capital market researchers and manager research teams to determine the most appropriate allocation to achieve the objectives of the Fund given existing and expected market conditions.

About Russell Investment Management Ltd

With more than 80 years of experience, Russell Investments is a global investment manager, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries and manages A$392.4 billion in assets (as of 30 June 2018). Russell Investments specialises in multi-asset solutions, scouring the globe for investment strategies, managers and asset classes to deliver to its clients around the world.

Headquartered in Seattle, Washington, Russell Investments operates globally with 21 offices, providing investment services in the world's major financial centres such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit https://russellinvestments.com/au.

RIM may appoint one or more different money managers (including other members of Russell Investments) (each an "investment manager) to manage some or all of the assets of the Fund.

Investment Strategy 
The Fund invests predominantly in Australian equities and unit trusts listed or about to 
be listed on the ASX. It may also invest in listed equities on foreign exchanges in 
situations where the securities are also, or have been, listed on the ASX. Other 
securities available for investment include exchange traded derivatives, over-the
counter (OTC) derivatives and cash equivalent instruments.  
It is intended that the Fund will be fully invested in a diversified portfolio of securities. 
Australian listed equities will typically be held in Australian dollars. Securities that are 
listed on foreign exchanges will be denominated in the currency of the relevant 
market. 
Derivatives may be used to obtain or reduce exposure to securities and markets, to 
implement investment strategies and to manage risk. The Fund may engage in short 
selling of securities as part of its investment strategy in order to benefit from falling 
security prices. The use of derivatives and short selling will not result in the Fund 
being leveraged on a net basis, however the Fund may have gross exposure up to 
150% of net asset value (NAV), including 25% in short positions and 125% total in 
long positions. 
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The Fund’s ability to produce investment returns will be dependent on market return 
and the investment selection skills of the investment team. The success of the Fund’s 
investment strategy will depend on market conditions and may be influenced by 
certain risk factors.   
The specific risks associated with the Fund’s investment strategy with an 
accompanying description of the Fund’s risk management strategy are set out in detail 
in Section 5 of this PDS. 
The Responsible Entity may, at its discretion, alter the Fund’s investment objectives 
and strategy. Whilst there is no intention to change the Fund’s investment strategy, we 
will notify you of any such changes. 

Mandate

How we invest your money

Investment Strategy

The Fund invests predominantly in Australian equities and unit trusts listed or about to be listed on the ASX. It may also invest in listed equities on foreign exchanges in situations where the securities are also, or have been, listed on the ASX. Other securities available for investment include exchange traded derivatives, over-the- counter (OTC) derivatives and cash equivalent instruments.

It is intended that the Fund will be fully invested in a diversified portfolio of at least 200 securities. Australian listed equities will typically be held in Australian dollars. Securities that are listed on foreign exchanges will be denominated in the currency of the relevant market.

Asset allocation ranges

 

 

  • Australian listed equities: 80%-100%
  • International listed equities: 0%-20%
  • Exchange-traded derivatives: 0%-20%
  • OTC derivatives: 0%-10%
  • Cash: 0%-10%

 

 

Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. The Fund may engage in short selling of securities as part of its investment strategy in order to benefit from falling security prices. The use of derivatives and short selling will not result in the Fund being leveraged on a net basis, however the Fund may have gross exposure up to 150% of net asset value (NAV), including 25% in short positions and 125% total in long positions.