Russell Commodities - Managed Fund (Closed)

Fund Objective

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 collateralised commodities derivatives, largely hedged into Australian dollars.

Fund Strategy

The Fund invests predominantly in commodities derivatives, primarily futures that are fully collateralised. Collateral is invested in cash and high quality short term interest rate securities. Foreign currency exposures are largely hedged back to Australian dollars.

Fund Performance Comparison

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Peers

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The performance of the peers is calculated as the total of the performance for each time period for all the funds in the peer group, divided by the number of funds in the peer group.

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.

Fund performance

	1M	3M	6M	1Y p.a.	2Y p.a.	3Y p.a.	5Y p.a.	10Y p.a.
Total return	-2.04%	2.81%	-7.3%	-13.61%	-3.77%	-1.96%	-%	-%
Growth return	-2.04%	2.81%	-7.3%	-13.61%	-3.77%	-15.08%	-%	-%
Income return	0%	0%	0%	0%	0%	13.12%	-%	-%
Market index (Morningstar Long-Only Commodity TR AUD)
Total return	7.31%	15.54%	26.62%	41.74%	1.8%	2.09%	3.54%	-1.44%

As at 30 Sep 2013. Returns for periods greater than 1 year are annualised. All figures are percentages.

Asset Allocation

Russell Commodities

Alternatives: 100%

International Equities: 0%

Cash: 0%

Average Allocation of Peers

Alternatives: 87.38%

International Equities: 11.11%

Cash: 1.51%

General Information

Fund Details

Type	Description
Fund Name	Russell Commodities
Fund Status	Closed
Responsible Entity	Russell Investment Management Limited
APIR Code	RIM0043AU
Sector/Asset Class	Commodities & Precious Metals
Morningstar Rating	Not Rated
Legal Structure	Investment Fund
Fund Inception	7 Apr 2010
Fund Size	$0.24 million (as at 31 Aug 2013)
Entry Price	$0.6348 (as at 30 Sep 2013)
Exit Price	$0.634 (as at 30 Sep 2013)
Fund Status	Finalised

Offer information

Type	Description
Minimum initial investment	$10,000.00
Minimum additional investments

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FAQs about the Russell Commodities

What is the objective of the Russell Commodities managed fund?

The objective of the Russell Commodities managed fund is 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 collateralised commodities derivatives, largely hedged into Australian dollars.

What is the strategy for the Russell Commodities managed fund?

The strategy of the Russell Commodities managed fund is The Fund invests predominantly in commodities derivatives, primarily futures that are fully collateralised. Collateral is invested in cash and high quality short term interest rate securities. Foreign currency exposures are largely hedged back to Australian dollars.

What is the APIR code of the Russell Commodities managed fund?

The APIR code of the Russell Commodities managed fund is RIM0043AU.

What was Russell Commodities’s total return last month?

Russell Commodities’s total return last month was -2.04%. This was made up of a growth return of -2.04% and an income return of 0%. These returns were calculated as at 30 Sep 2013.

What was Russell Commodities’s total return for the last three months?

Russell Commodities’s total return for the last three months was 2.81%. This was made up of a growth return of 2.81% and an income return of 0%%. These returns were calculated as at 30 Sep 2013.

What is Russell Commodities’s one-year total return?

Russell Commodities’s one-year total return is -13.61%. This was made up of a growth return of -13.61% and an income return of 0%. These returns were calculated as at 30 Sep 2013.

What is Russell Commodities’s three-year total return?

Russell Commodities’s one-year total return is -1.96%. This was made up of a growth return of -15.08% and an income return of 13.12%. These returns were calculated as at 30 Sep 2013.

What is the asset allocation of the Russell Commodities managed fund?

The asset allocation of the Russell Commodities managed fund is :

Alternatives: 100%

International Equities: 0%

Cash: 0%

Who is the responsible Entity of the Russell Commodities managed fund?

The Responsible Entity for the Russell Commodities managed fund is Russell Investment Management Limited.

What sector/asset class does the Russell Commodities managed fund belong to?

The Russell Commodities managed fund belongs to the Commodities & Precious Metals sector/asset class.

What is the size of the Russell Commodities managed fund?

As at 31 Aug 2013, the size of the Russell Commodities managed fund was $0.24 million.

What is the inception date of the Russell Commodities managed fund?

The Russell Commodities managed fund has an inception date of 7 Apr 2010.

What is the current entry price of the Russell Commodities managed fund?

The current entry price of the Russell Commodities managed fund is $0.6348 per unit and the current exit price is $0.634 per unit (as at 30 Sep 2013).

What is the current exit price of the Russell Commodities managed fund?

The current exit price of the Russell Commodities managed fund is $0.634 per unit and the current entry price is $0.6348 per unit (as at 30 Sep 2013).

What is the minimum investment amount for the Russell Commodities managed fund?

The minimum initial investment amount for the Russell Commodities managed fund is $10,000. 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.

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