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  5. Russell Australian Bond Income - Managed fund profile

Russell Australian Bond Income - Managed Fund (Closed)

Fund Objective
To provide an income stream to investors over the short to medium term, before costs and tax, by providing exposure to a diversified portfolio of Australian fixed income securities. The Fund also aims to provide a total return higher than its benchmark over a three year period.
Fund Strategy
The Fund invests in Australian issued government, quasi-government and corporate fixed income securities with a focus on providing investors with an income stream. The Fund may also hold exchange traded funds to a limited extent from time to time. Derivatives may be used to a limited extent to obtain or reduce exposure to securities and may also be used to derive additional income and manage investment risk.

Fund Performance Comparison

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Fees Comparison

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NOTE: Fee data has been provided by Morningstar, it may not include all costs being charged on your investment such as platform and adviser fees. You should check your fund manager or adviser statements to find out the exact fees you are being charged. Peers are funds that use the same benchmark in the Morningstar database.
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Fund performance

  1M 3M 6M 1Y p.a. 2Y p.a. 3Y p.a. 5Y p.a. 10Y p.a.
Total return -1.49% -0.32% -3.1% 1.85% -5.27% -4.06% 0.17% 2.04%
Growth return -1.49% -0.32% -3.64% 1.29% -5.69% -6.19% -2.99% -1.42%
Income return 0% 0% 0.54% 0.56% 0.42% 2.13% 3.16% 3.46%
Market index (Bloomberg AusBond Composite 0+Y TR AUD)
Total return 0.33% 1.05% 3.11% 4.31% 4.73% 3.74% -0.03% 2.14%
As at 30 Sep 2023. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Australian Bond Income
Cash
10.53%
Fixed Interest
89.47%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%
Average Allocation of Peers
Cash
6.57%
Fixed Interest
92.51%
Australian Equities
0.63%
International Equities
0.02%
Property & Infrastructure
0.02%
Alternatives
0.25%

General Information

Fund Details
Type Description
Russell Australian Bond Income
Closed
Russell Investment Management Limited
RIM0045AU
Bonds - Australia
starstarstar (as at 30 Sep 2023)
Investment Fund
8 Oct 2010
$58.58 million (as at 30 Sep 2023)
$0.9102 (as at 10 Oct 2023)
$0.9097 (as at 10 Oct 2023)
Finalised
Offer information
Type Description
MER 0.52% (as at 11 Oct 2022)
Indirect Cost Ratio (ICR) 0.59% (as at 30 Jun 2022)
Performance fee (not included in ICR) 0
Minimum initial investment
Minimum additional investments
Minimum redemption amount

FAQs about the Russell Australian Bond Income

The objective of the Russell Australian Bond Income managed fund is To provide an income stream to investors over the short to medium term, before costs and tax, by providing exposure to a diversified portfolio of Australian fixed income securities. The Fund also aims to provide a total return higher than its benchmark over a three year period.

The strategy of the Russell Australian Bond Income managed fund is The Fund invests in Australian issued government, quasi-government and corporate fixed income securities with a focus on providing investors with an income stream. The Fund may also hold exchange traded funds to a limited extent from time to time. Derivatives may be used to a limited extent to obtain or reduce exposure to securities and may also be used to derive additional income and manage investment risk.

The APIR code of the Russell Australian Bond Income managed fund is RIM0045AU.

Russell Australian Bond Income’s total return last month was -1.49%. This was made up of a growth return of -1.49% and an income return of 0%. These returns were calculated as at 30 Sep 2023.

Russell Australian Bond Income’s total return for the last three months was -0.32%. This was made up of a growth return of -0.32% and an income return of 0%%. These returns were calculated as at 30 Sep 2023.

Russell Australian Bond Income’s one-year total return is 1.85%. This was made up of a growth return of 1.29% and an income return of 0.56%. These returns were calculated as at 30 Sep 2023.

Russell Australian Bond Income’s one-year total return is -4.06%. This was made up of a growth return of -6.19% and an income return of 2.13%. These returns were calculated as at 30 Sep 2023.

The asset allocation of the Russell Australian Bond Income managed fund is :

Cash
10.53%
Fixed Interest
89.47%
Australian Equities
0%
International Equities
0%
Property & Infrastructure
0%
Alternatives
0%

The Responsible Entity for the Russell Australian Bond Income managed fund is Russell Investment Management Limited.

The Russell Australian Bond Income managed fund belongs to the Bonds - Australia sector/asset class.

As at 30 Sep 2023, the size of the Russell Australian Bond Income managed fund was $58.58 million.

The Russell Australian Bond Income managed fund has an inception date of 8 Oct 2010.

The current entry price of the Russell Australian Bond Income managed fund is $0.9102 per unit and the current exit price is $0.9097 per unit (as at 10 Oct 2023).

The current exit price of the Russell Australian Bond Income managed fund is $0.9097 per unit and the current entry price is $0.9102 per unit (as at 10 Oct 2023).

The minimum initial investment amount for the Russell Australian Bond Income managed fund is $0. Minimum additional investment is $0.

Fund data sourced from Morningstar. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). Data and content is provided for personal use only. Whilst every care has been taken in producing these numbers, neither Morningstar nor InvestSMART can make any guarantees around the complete accuracy of these figures. Should you decide to change investments, please read all relevant disclosure documents including the Product Disclosure Statements and if required, you may consider speaking to a financial professional for further guidance. A tax event may be realised as a result of switching investments. Past performance is not a reliable indicator of future performance.