The Fund invests predominantly in debt securities issued by supranationals, international governments, quasi-governments, agencies and corporates, and structured credit securities (including mortgage and asset backed securities). The Fund may also invest in low grade, unrated or emerging markets debt securities, and currency to a limited extent.

To provide a total return, before costs and tax, higher than the Fund’s benchmark over the medium term by providing exposure to a diversified portfolio of predominantly fixed income securities denominated in foreign currencies and largely hedged into Australian dollars.

Benefits of investing in the Russell Investments International Bond Fund - $A Hedged - Class A

• Actively managed investment strategy: The Fund offers broad exposure to foreign currency fixed income securities, including government, supranational agencies, corporate, asset backed and mortgage backed securities. The Fund is hedged to minimise the impact of currency movements. The Fund's investment strategy is based on the same deep insights, high standards and stringent research we use working for many of the world's largest investors.

• Deep global insights: The majority of investment opportunities reside outside of Australia. We operate a global business with specialists in the major markets around the world. We value local knowledge, building a dedicated team of over 300 professionals in 21 countries. We base our portfolio managers and manager researchers in the markets in which they work allowing them to better understand their portfolios, enabling quicker and more decisive action.

• Best of breed approach: Embedded within our funds is an open architecture selection process, scouring the globe for investment opportunities, wherever they reside. Our analysts seek to identify superior investment manager talent through a proprietary research process based on objective analysis. This includes monitoring more than 4,000 investment manager firms. We combine decades of consulting experience, proprietary analytics and our renowned manager research to bring the optimal combination of managers in each asset class.

Risk level

Low

Investor suitability

Suitable for investors seeking overseas bond-like returns who do not have a long investment horizon and wish to limit currency risks and the chance of negative returns over this horizon.

About the Fund

The Fund invests predominantly in debt securities issued by supranationals, international governments, quasi-governments, agencies and corporates as well as structured credit securities including mortgage and asset backed securities.

Investment return objective

To provide a total return, before costs and tax, higher than the Fund's benchmark over the medium term by providing exposure to a diversified portfolio of predominantly fixed income securities denominated in foreign currencies and largely hedged into Australian dollars.

The Russell Investments approach

The Russell Investments International Bond Fund - $A Hedged (the Fund) is designed to be an ideal vehicle for an investor's core exposure to international bond markets. Russell Investments employs a multi-style, multi-manager approach, combining duration, country, credit and currency strategies within a well-defined risk framework to create a broadly diversified solution.

How we invest your money

The Fund invests predominantly in debt securities issued by supranationals, international governments, quasi-governments, agencies and corporates as well as structured credit securities including mortgage and asset backed securities. The Fund may also be exposed to low grade or unrated debt securities, emerging markets and currency. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. Foreign currency exposures are largely hedged back to Australian dollars, apart from those foreign currency exposures which are utilised to generate excess returns from active currency management.

Asset allocation

The Fund may invest up to 100% in international fixed income securities. The Fund may also invest up to 10% in cash.