Benefits of investing in the Russell Investments Australian Bond Income Fund - Class A

• Actively managed investment strategy: The Fund offers broad exposure to Australian fixed income securities, with a focus on providing investors with more stable, quarterly distributions from a defensive asset class. 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 bond-like returns with an income focus, who do not have a long investment horizon and wish to limit the chance of negative returns over this horizon.

About the Fund

The Russell Investments Australian Bond Income Fund (the Fund) invests in a range of Australian fixed income securities with a focus on providing investors with a more regular income stream.

Investment return objective

To provide an income stream to investors over the short to medium term, before costs and tax, by providing exposure to a diversified portfolio of Australian fixed income securities. The Fund also aims to provide a total return higher than its benchmark over a three year period.

The Russell Investments approach

The Fund uses a multi-strategy, multi-style investment approach, and aims to provide regular income, while outperforming its benchmark over a three-year period. It is broadly diversified, with managers taking measured active positions. The Fund provides an ideal vehicle for investors with an increased focus on quarterly distributions from a defensive asset class.

Fund design

The Fund provides investors with exposure to a diversified portfolio of Australian issued and AUD denominated bonds.

The investment processes utilised by the Fund's underlying managers have an increased focus on the objective of generating more stable income returns by explicitly taking into account the impact of portfolio structure on quarterly distributable income.

The Fund invests predominantly in Australian issued government, quasi-government and corporate fixed income with a focus on providing investors with a more regular income stream. Derivatives may be used to a limited extent to obtain or reduce exposure to securities and may also be used to derive additional income and manage investment risk.

Sources of return

The Fund also employs multiple sources of active management to enhance returns such as security and sector selection as well as active interest rate management.

How we invest your money

The Fund invests in Australian issued government, quasi-government and corporate fixed income securities with a focus on providing investors with an income stream. The Fund may also hold exchange traded funds to a limited extent from time to time. Derivatives may be used to a limited extent to obtain or reduce exposure to securities and may also be used to derive additional income and manage investment risk.

Asset allocation

• The Fund may invest up to 100% in Australian fixed income securities.

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