Russell Investments Global Bond Fund A Roll Up/  IE00B4LXFK01  /

The objective of the Fund is to achieve income and capital growth. The Fund aims to achieve its objective by investing at least 70% of its assets worldwide in bonds, and debt instruments, including mortgage and asset backed securities (a financial security backed by loans, leases and other assets) using a multi-strategy investment style. The Fund mainly invests in bonds issued by governments, their agencies, companies and non-government organisations worldwide. The Fund invests in both developed and developing (emerging market) countries. The Fund may invest up to one third of its assets in bank deposits or convertible bonds (being a type of bond which can be converted to common stock or cash )and bonds with warrants attached (warrants being a form of debenture which gives the right but not the obligation to buy and sell a security before a certain date at a certain price) or money market instruments. The Fund is broadly diversified across countries worldwide, across currencies, and with varying maturities (defined holding term for a bond). The Fund invests in bonds which pay either a fixed or variable rate of interest. A maximum of 30% of the Fund's assets may be invested in bonds which are rated non-investment grade (lower quality), but which are high-yield (debt that pays a relatively high rate of return). The Fund may gain market exposure indirectly through the use of specialist financial techniques (known as derivatives). Derivatives may also be used to reduce the Fund's exposures to risk, or to manage the Fund more efficiently. The Fund aims to reduce its carbon exposure relative to the Index. This is primarily achieved using an exclusions policy, whereby, the Fund excludes from investment companies that derive more than 10 per cent. of their revenue from coal (with certain exceptions). Russell Investments may employ different management styles. This may include delegating investments to money managers. The Fund is actively managed with reference to the Bloomberg Global Aggregate Index (USD) - Total Returns (the "Index"). Russell Investments has full discretion to select investments for the Fund and in doing so will take into consideration the Index, but it is not constrained by it. Russell Investments and/or the money managers may manage a portion of the Fund with reference to an index which is not the Index. Any such indexes used will be relevant to each Russell Investments and/or money manager strategy and may be used as the basis for portfolio constraints or for performance measurement purposes. Any such constraints are not expected to materially constrain the relevant portfolio from being managed on a fully discretionary basis. The Fund"s performance will also be measured against the Index which it seeks to outperform by 1% over the medium to long term.

The objective of the Fund is to achieve income and capital growth. The Fund aims to achieve its objective by investing at least 70% of its assets worldwide in bonds, and debt instruments, including mortgage and asset backed securities (a financial security backed by loans, leases and other assets) using a multi-strategy investment style.