Russell Investments After-Tax Australian Shares Fund - Class A

About this Fund

Fund Detail

PDS https://informedinvestor.com.au/view/pds/101027-2023-03-24-02:41.pdf
FUND MANAGER Russell Investment Management
ASX Code
INVESTMENT STYLE The Fund invests in a diversified portfolio of predominantly Australian shares.
INVESTMENT PROFILE The Fund seeks to provide a total after-tax return (net of fees), higher than the Benchmark over the long term.
BENCHMARK After-tax series off S&P/ASX 300 Franking Credit Adjusted Annual Total Return Index (Superannuation)
FUND SIZE After-tax series off S&P/ASX 300 Franking Credit Adjusted Annual Total Return Index (Superannuation)
FEES 0.84% p.a.



Benefits of investing in the Russell Investments After-Tax Australian Shares Fund (for Superannuation Investors) - Class A

  • Actively managed, tax aware, investment strategy: The Fund offers diversified exposure to Australian shares and is aimed at enhancing after-tax returns specifically for superannuation investors. The tax effective strategies employed include turnover management, off-market buybacks, preservation of franking credits and capital gains tax management.
  • Deep global insights:The majority of investment opportunities reside outside of Australia. We operate a global business with specialists in the major markets around the world. We value local knowledge, building a dedicated team of over 300 professionals in 21 countries. We base our portfolio managers and manager researchers in the markets in which they work allowing them to better understand their portfolios, enabling quicker and more decisive action.
  • Best of breed approach: Embedded within our funds is an open architecture selection process, scouring the globe for investment opportunities, wherever they reside. Our analysts seek to identify superior investment manager talent through a proprietary research process based on objective analysis. This includes monitoring more than 4,000 investment manager firms. We combine decades of consulting experience, proprietary analytics and our renowned manager research to bring the optimal combination of managers in each asset class.

Risk level


Investor suitability

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




Key Features

About the Fund

The Russell Investments After-Tax Australian Shares Fund (the Fund) uses Russell Investments' in-house emulation capabilities to leverage the investment insights from multiple managers and incorporates a range of strategies aimed at enhancing after-tax returns specifically for superannuation investors.

The Fund's performance is reported after-tax as well as on a pre-tax basis to provide visibility to superannuation investors of after-tax outcomes at the managed fund level.

Fund design

The Fund aims to provide superannuation investors with exposure to a diversified portfolio of Australian equities. It seeks to provide a return before costs higher than the Fund's benchmark on both a pre-tax and after-tax basis over the long term.

To achieve these objectives, the Fund is structured to capture alpha-seeking investment insights from multiple managers and is implemented as a centrally managed portfolio. The underlying managers each have unique investment styles and processes which reduces Scenario risk'.

In addition, the Fund holds an investment bias to above average franked dividend payments and employs strategies with a focus on enhancing after-tax returns.

Fund design - implementation

The Fund is implemented to maximise equity returns. This is achieved by:

  1. Operating a centrally managed portfolio that is constructed to closely track the aggregated return series of the underlying managers.
  2. Applying investment strategies to this portfolio in order to enhance after-tax returns. These include:

  • Turnover management
  • Tax effective off-market share buy-backs
  • Preservation of franking credits
  • Capital gains tax optimisation

The focus of these strategies will not be on tax minimisation but, rather, on enhancing overall returns on an after- tax basis as relevant to superannuation investors.


How we invest your money

The Fund invests predominantly in shares and unit trusts listed or about to be listed on the Australian Securities Exchange. Derivatives may be used to obtain or reduce exposure to securities or markets, to implement investment strategies and to manage risk. Tax efficient strategies are implemented to enhance the after-tax return of the Fund.

Asset allocation

  • The Fund may invest up to 100% in Australian shares and unit trusts.
  • It may also invest up to 10% in cash.