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Russell Global Equity Pool
Class A Units
Goal
To provide long-term capital appreciation by obtaining diversified exposure to equity securities around the world.
Target Allocation
(Actual manager allocation may vary)
| Style |
|
Weight |
|
Manager |
| |
|
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|
|
| Value |
|
20% |
|
Harris Associates |
| Growth |
|
10% |
|
McKinley Capital |
| Core/Growth |
|
35% |
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MFS Investment Management Inc. |
| Large Cap Growth |
|
35% |
|
Alliance Capital Management L.P. |
Investment Performance
| 30-Jun-08 |
|
3 mths |
|
YTD |
|
1 yr. |
|
3 yrs. |
|
5 yrs. |
|
10 yrs. |
|
Incep.* |
| |
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| Class A |
|
-4.76 |
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-10.74 |
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-17.75 |
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-0.83 |
|
2.9 |
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-1.92 |
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-1.69 |
| Total Number of Holdings: |
307 |
| as of March 31, 2008 |
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| Total Pool Assets: |
$314.9 million |
| as of June 30, 2008 |
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Summary of Investment Portfolio
| Top 25 Holdings |
|
% of Pool |
| as at March 31, 2008 |
|
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| Percentage of net assets ($314,527,574) of the Pool |
|
|
| Nestle SA |
|
2.2 |
| Intel Corp. |
|
1.7 |
| UBS Inc. |
|
1.4 |
| Credit Suisse Group |
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1.4 |
| Bank of New York Mellon Corp. |
|
1.4 |
| Roche Holding AG |
|
1.2 |
| Hewlett Packard Co. |
|
1.1 |
| Glaxosmithkline PLC |
|
1.0 |
| Lvmh Moet Hennessy Louis Vuitto |
|
1.0 |
| Morgan Stanley |
|
0.9 |
| Merrill Lynch & Co. Inc. |
|
0.9 |
| Canon Inc. |
|
0.9 |
| Rheinische Hypothekenbank AG |
|
0.9 |
| Julius Baer Holding AG |
|
0.9 |
| E. ON Aktiengesellschaft |
|
0.8 |
| Johnson & Johnson |
|
0.8 |
| Nike Inc. |
|
0.8 |
| Exxon Mobil Corp. |
|
0.8 |
| Bayerische Motorenwerke AG |
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0.8 |
| EOG Resources Inc. |
|
0.8 |
| Dell Inc. |
|
0.8 |
| Rio Tinto Plc. |
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0.8 |
| JPMorgan Chase & Co. |
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0.8 |
| Companhia Vale DO RIO |
|
0.8 |
| Adecco SA |
|
0.7 |
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 March 31, 2008 |
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|
| Financials |
|
19.9 |
| Information Technology |
|
13.8 |
| Consumer Discretionary |
|
13.5 |
| Consumer Staples |
|
12.5 |
| Industrials |
|
11.9 |
| Health Care |
|
10.2 |
| Materials |
|
7.1 |
| Energy |
|
6.5 |
| Utilities |
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2.8 |
| Telecommunications Services |
|
1.8 |
| Country Weights |
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| as at March 31, 2008 |
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| Country |
|
Pool Weight (%) |
| United States |
|
43.80% |
| Europe ex.UK |
|
31.80% |
| United Kingdom |
|
9.20% |
| Japan |
|
7.70% |
| Pacific Basin ex.Japan |
|
1.70% |
| Emerging Markets |
|
5.80% |
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: July 7, 2008.
*Inception, April 1998
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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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