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Russell Emerging Markets Equity Pool
Class A Units
Goal
To provide maximum return, primarily through capital appreciation, by assuming a higher level of volatility than is ordinarily expected from developed markets outside North America by investing primarily in equity securities of emerging market countries.
Target Allocation
(Actual manager allocation may vary)
| Style |
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Weight |
|
Manager |
| |
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| Growth |
|
50% |
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T. Rowe Price International, Inc. |
| Value |
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50% |
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Sanford C. Bernstein & Co., LLC |
Investment Performance
| 31-Jul-08 |
|
3 mths |
|
YTD |
|
1 yr. |
|
3 yrs. |
|
5 yrs. |
|
10 yrs. |
|
Incep.* |
| |
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| Class A |
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-11.97 |
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-13.5 |
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-13.43 |
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10.97 |
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17.48 |
|
5.82 |
|
3.09 |
| Total Number of Holdings: |
216 |
| as of June 30, 2008 |
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| Total Pool Assets: |
$147.9 Million |
| as of June 30, 2008 |
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Summary of Investment Portfolio
| Top 25 Holdings |
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% of Pool |
| as at June 30, 2008 |
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|
| Percentage of net assets ($147,943,415) of the Pool |
|
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| Petroleo Brasileiro SA |
|
4.8 |
| Cash & Cash Equivalents |
|
3.2 |
| CIA Vale Do Rio Doce |
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2.6 |
| Samsung Electronics Co. Ltd. |
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2.2 |
| LUKOIL Co. |
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2.1 |
| Usinas Siderurgicas de Minas Gerais SA |
|
1.9 |
| JSC MMC Norilsk Nickel |
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1.9 |
| China Petroleum & Chemical Corp. |
|
1.7 |
| Uralkali JSC |
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1.5 |
| America Movil SA De CV |
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1.4 |
| Hynix Semiconductor Inc. |
|
1.3 |
| Companhia Vale Do Rio Doce |
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1.2 |
| Bank Muscat SA Oman |
|
1.1 |
| United Microelectronics Corp. |
|
1.1 |
| Hyundai Motor Co. Ltd. |
|
1.1 |
| Banco do Brasil SA |
|
1.1 |
| Banco ITAU Holding Financeira SA |
|
1.1 |
| Gazprom OAO |
|
1.0 |
| Southern Copper Corp. |
|
1.0 |
| State Bank of India |
|
1.0 |
| Anhui Conch Cement Co. Ltd. |
|
0.9 |
| PTT Public Co.Ltd. |
|
0.9 |
| Kookmin Bank |
|
0.9 |
| Sanlam Ltd. |
|
0.9 |
| Gerdau SA |
|
0.9 |
Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Pool. This list will be updated within 60 days of each quarter end.
| Sector Weights |
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|
| as at June 30, 2008 |
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| Materials |
|
24.9 |
| Financials |
|
21.7 |
| Energy |
|
15.0 |
| Information Technology |
|
12.1 |
| Telecommunications Services |
|
7.3 |
| Consumer Discretionary |
|
6.4 |
| Industrials |
|
6.1 |
| Consumer Staples |
|
4.8 |
| Utilities |
|
1.6 |
| Health Care |
|
0.2 |
| Country Weights |
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| as at June 30, 2008 |
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| Country |
|
Pool Weight (%) |
| Brazil |
|
17.7% |
| South Korea |
|
15.0% |
| Russia |
|
12.2% |
| Taiwan |
|
11.0% |
| China |
|
7.2% |
Each Pool in the Russell Sovereign Investment Program (other than Sovereign Diversified Monthly Income Portfolio) offers Class A, B, E, F and O units. The Sovereign Diversified Monthly Income Portfolio has E-5 and E-7 units. The returns of each class of units may differ as a result of varying fees and expenses. Class A and B units have the same management fee. Your adviser is paid a trailer fee as compensation for providing services to you. Class F units are sold only to investors enrolled in a fee-for-service or wrap program and these units have a reduced management fee and do not pay trailer fees to the adviser. Instead each investor negotiates a separate, ongoing fee that is paid directly to their adviser and is based on the market value of the investors' assets. Class O units are only available from Russell Investments Canada Limited and are generally not sold to the public. They are intended to be used in fund of fund arrangements and other wrap programs sponsored by us. They are also available to large institutional investors or other accounts as we may determine from time to time on a case-by-case basis. No management fees are charged to the Pools with respect to the Class O units. Instead, each Class O investor negotiates a separate fee that is paid directly by the investor. Class E units targets large investors and as such, have a higher minimum investment and a lower trailer and management fee. For more information about our Pools please see Legal Information.
Date of first publish: August 8, 2008
*Inception: June 1997
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Related INFORMATION |
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Products and services described on these websites are intended for Canadian residents only. Information on these sites should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside Canada may find more information about products and services available within their jurisdictions by going to Russell's worldwide site, http://www.russell.com.
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© Russell Investments Canada Limited 2008. All Rights Reserved.
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