Seeks to provide current income and preservation of capital with a focus on short-duration securities.
Invests primarily in high-quality short-duration securities.
Invests in investment-grade market sectors with tactical investments in non-investment grade sectors.
Fund highlights
Focuses on bonds with durations of six months to three years, on average.
Provides exposure to bonds with a higher return (and risk) potential than money market securities and less volatility than long-term bonds.
Aims for higher yields by allowing managers to explore potentially higher returning sectors of the short duration bond market.
To seek increased return, managers may employ aggressive sector rotation, which can increase the fund's risk profile
Characteristics As of 09/30/2009 Updated quarterly
Total net assets (All classes)
$555.8 million
Weighted average duration (All classes)1
2.3 years
30-day SEC yield (Class S)2
3.50%
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
782494801
RSBTX
Class C
782493340
RSBCX
Class E
782493332
RSBEX
Class S
782493506
RFBSX
Class Y
782494421
RSBYX
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 Short Duration Bond Fund changed to Russell Short Duration 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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