Seeks to provide current income, and as a secondary objective, capital appreciation.
Offers more aggressive fixed income exposure than other Russell fixed income mutual funds.
Broad market exposure with non-U.S. component.
Utilized a variety of total return strategies.
Fund highlights
Aims for higher returns from the bond market by investing in a broader universe of bonds.
Seeks returns by investing a small portion of assets in high-yield bonds with lower credit ratings.
Helps manage volatility by diversifying among managers and styles.
Characteristics As of 09/30/2009 Updated quarterly
Total net assets (All classes)
$7.1 billion
Weighted average duration (All classes)1
3.9 years
30-day SEC yield (Class S)2
4.72%
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 A
782494470
RFDAX
Class C
782494462
RFCCX
Class E
782493167
RFCEX
Class I
782493738
RFCSX
Class S
782494454
RFCTX
Class Y
782493159
RFCYX
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 III Fund changed to Russell Strategic Bond Fund.
Please remember that all investments carry some level of risk including the potential loss of principal invested.
They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.
Bond investors should carefully consider risks such as interest rate, credit, repurchase and reverse repurchase transaction risks. Greater risk, such as increased volatility, limited liquidity, prepayment, non-payment and increased default risk, is inherent in portfolios that invest in high yield ("junk") bonds or mortgage backed securities, especially mortgage backed securities with exposure to sub-prime mortgages.
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.
Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.
The Russell logo is a trademark and service mark of Russell Investments.
Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments. For information on the Financial Industry Regulatory Authority, go to www.finra.org.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Products and services described on this website are intended for United States residents only. Information on this site should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside the United States may find more information about products and services available within their jurisdictions by going to Russell's Worldwide site.
