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  5. Russell Australian Shares Enhanced Income A - Managed fund profile

Russell Australian Shares Enhanced Income A - Managed Fund (Closed)

Fund Objective
To provide a higher level of income including franking credits than the Fund's benchmark, before costs and tax, with the potential for capital growth over the medium to long term, by investing predominantly in Australian shares and through the sale of call options.
Fund Strategy
The Fund invests predominantly in shares and unit trusts listed or about to be listed on the Australian Securities Exchange and may also invest in hybrid equity securities such as convertible and preference shares. The Fund will use derivatives such as options and futures to generate additional income and manage investment risk. Derivatives are not used to leverage the Fund.

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 -0.39% -1.71% -1.21% 5.03% 8.39% 4.09% 6.19% -%
Growth return -0.39% -2.44% -3.07% -0.53% 2.61% -2.29% -1.88% -%
Income return 0% 0.73% 1.86% 5.56% 5.78% 6.38% 8.07% -%
Market index (S&P/ASX 200 TR AUD)
Total return 3.1% 7.03% 11.65% 14.74% 14.82% 13.04% 12.32% 9.87%
As at 31 May 2018. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Australian Shares Enhanced Income A
Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%
Average Allocation of Peers
Australian Equities
93.73%
International Equities
4.83%
Cash
-0.80%
Property & Infrastructure
1.41%
Fixed Interest
0.26%
Alternatives
0.58%

General Information

Fund Details
Type Description
Russell Australian Shares Enhanced Income A
Closed
Russell Investment Management Limited
RIM0044AU
Equity Australia Derivative Income
starstarstar (as at 31 May 2018)
Investment Fund
18 Oct 2010
$11.96 million (as at 31 May 2018)
$0.9395 (as at 4 Jun 2018)
$0.9357 (as at 4 Jun 2018)
Finalised
Offer information
Type Description
Indirect Cost Ratio (ICR) 0.93% (as at 30 Jun 2016)
Minimum initial investment
Minimum additional investments
Minimum redemption amount

FAQs about the Russell Australian Shares Enhanced Income A

The objective of the Russell Australian Shares Enhanced Income A managed fund is To provide a higher level of income including franking credits than the Fund's benchmark, before costs and tax, with the potential for capital growth over the medium to long term, by investing predominantly in Australian shares and through the sale of call options.

The strategy of the Russell Australian Shares Enhanced Income A managed fund is The Fund invests predominantly in shares and unit trusts listed or about to be listed on the Australian Securities Exchange and may also invest in hybrid equity securities such as convertible and preference shares. The Fund will use derivatives such as options and futures to generate additional income and manage investment risk. Derivatives are not used to leverage the Fund.

The APIR code of the Russell Australian Shares Enhanced Income A managed fund is RIM0044AU.

Russell Australian Shares Enhanced Income A’s total return last month was -0.39%. This was made up of a growth return of -0.39% and an income return of 0%. These returns were calculated as at 31 May 2018.

Russell Australian Shares Enhanced Income A’s total return for the last three months was -1.71%. This was made up of a growth return of -2.44% and an income return of 0.73%%. These returns were calculated as at 31 May 2018.

Russell Australian Shares Enhanced Income A’s one-year total return is 5.03%. This was made up of a growth return of -0.53% and an income return of 5.56%. These returns were calculated as at 31 May 2018.

Russell Australian Shares Enhanced Income A’s one-year total return is 4.09%. This was made up of a growth return of -2.29% and an income return of 6.38%. These returns were calculated as at 31 May 2018.

The asset allocation of the Russell Australian Shares Enhanced Income A managed fund is :

Australian Equities
100%
International Equities
0%
Cash
0%
Property & Infrastructure
0%
Fixed Interest
0%
Alternatives
0%

The Responsible Entity for the Russell Australian Shares Enhanced Income A managed fund is Russell Investment Management Limited.

The Russell Australian Shares Enhanced Income A managed fund belongs to the Equity Australia Derivative Income sector/asset class.

As at 31 May 2018, the size of the Russell Australian Shares Enhanced Income A managed fund was $11.96 million.

The Russell Australian Shares Enhanced Income A managed fund has an inception date of 18 Oct 2010.

The current entry price of the Russell Australian Shares Enhanced Income A managed fund is $0.9395 per unit and the current exit price is $0.9357 per unit (as at 4 Jun 2018).

The current exit price of the Russell Australian Shares Enhanced Income A managed fund is $0.9357 per unit and the current entry price is $0.9395 per unit (as at 4 Jun 2018).

The minimum initial investment amount for the Russell Australian Shares Enhanced Income A 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.