Seeks to provide current income and the preservation of capital.
Principally invests in investment grade quality bonds.
Investments emphasize intermediate and longer term securities.
Investment strategy is primarily based on broad market sector rotation/issue selection.
Fund highlights
Offers a diversified portfolio of high quality bonds, a majority of which are U.S. bonds, while tactical exposures to non-U.S. securities may also be employed.
Blends some of the largest and most experienced bond fund managers.
Helps manage risk through diversification among managers and investment styles.
Managers employ sector rotation and modest interest rate anticipation strategies to help enhance return.
Characteristics As of 09/30/2009 Updated quarterly
Total net assets (All classes)
$1.0 billion
Weighted average duration (All classes)1
4.2 years
30-day SEC yield (Class S)2
3.55%
1 Duration approximates the percentage change in the price of a bond or the value of a portfolio of bonds for every one percentage point shift in interest rates.
2 The fund's current yield for the 30-day period ending 09/30/2009
Cusip
Ticker
Class C
782494827
RFACX
Class E
782493183
RFAEX
Class I
782493407
RFASX
Class S
782494835
RFATX
Class Y
782493175
RFAYX
Fund objectives, risks, charges and expenses should be carefully considered before investing. For a prospectus containing this and other important information call Russell at 1-866-676-7680 or go to the prospectus and reports page to download one. Please read the prospectus carefully before investing.
On September 2, 2008, the name of the Fixed Income I Fund changed to Russell Investment Grade Bond Fund.
Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets.
For more information on Russell Funds, contact your investment professional or plan administrator for assistance.
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