The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed international markets. The Fund may also be exposed to emerging market shares.

To provide a total return, before costs and tax, higher than the Fund’s benchmark over the long term by providing exposure to a diversified portfolio of predominantly international shares largely hedged into Australian dollars.

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

• Actively managed investment strategy: The Fund offers broad exposure to international shares, across a range of industry sectors. The investment strategy emphasises performance above the benchmark, while aiming to control risk. It 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

High

Investor suitability

Suitable for investors seeking overseas share-like returns who have a long investment horizon but wish to limit currency risks. Investors must be willing to accept the possibility of negative returns over the short to medium term.

About the Fund

The Russell Investments International Shares Fund employs broad diversification with a multi-style, multi-manager and multi-strategy approach. This aims to capture sources of alpha while avoiding unnecessary risk at the total fund level and providing exposure to the international equities market.

Over 97% of the world's listed companies are located outside Australia. Investing in the Portfolio allows you to tap into the opportunities that lie outside of Australia, knowing that some of the world's best managers are looking after your investment.

The Russell Investments approach

The Russell Investments International Shares Fund (the Fund) employs a multi-style, multi-manager and multi-strategy approach. It is broadly diversified and provides an ideal vehicle for an investor's core exposure to international shares markets.

Global investment strategy

The Fund's managers invest across the global share markets aiming to identify the companies that will perform best in each industry, irrespective of their domicile.

The Fund invests in the major markets of the world but will also invest opportunistically in small cap securities and emerging markets to enhance returns.

How we invest your money

The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed international markets. The Fund may also be exposed to emerging market shares. 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.

Asset allocation

• The Fund may invest up to 100% in international shares.

• The Fund may also invest up to 10% in cash.