Benefits of investing in the Russell Investments Portfolio Series - Conservative - Class A

• Expertise in multi-asset solutions: Many of the world's leading organisations depend on our expertise to help build long- term financial security for their business and their employees. Our funds are managed by our global multi-asset team with a robust track record. The team has spent decades refining our approach to multi-asset investing, both through empirical research and direct observation. When you invest in one of our funds, you gain access to all of this experience and expertise.

• 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 experienced professionals in 22 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. We combine decades of consulting experience, proprietary analytics and our renowned manager research to bring the optimal combination of managers in each asset class.

Suitable for investors who do not have a long investment horizon and whose most important consideration is having a low chance of a negative return over this horizon.

About the Fund

The Fund aims to provide returns over the short to medium term, with low volatility, consistent with a diversified mix of predominantly defensive assets and some growth oriented assets.

About Russell Investment Management

With more than 80 years of experience, Russell Investments is a global investment manager, dedicated to helping investors reach their long-term goals. Russell Investments offers investment solutions in 31 countries and manages over A$420 billion in assets (as of 30 June 2019). Russell Investments specialises in multi-asset solutions, scouring the globe for investment strategies, managers and asset classes to deliver to its clients around the world.

Headquartered in Seattle, Washington, Russell Investments operates globally with 22 offices, providing investment services in the world's major financial centres such as New York, London, Tokyo and Shanghai. For more information about how Russell Investments helps to improve financial security for people, visit https://russellinvestments.com/au.

RIM may appoint one or more different money managers (including other members of Russell Investments) (each an "investment manager) to manage some or all of the assets of the Fund.

How we invest your money

The Fund typically invests in a diversified portfolio mix with exposure to growth investments of around 30% and defensive investments of around 70%.

Derivatives may be used to implement investment strategies.

Asset allocation

• Australian shares: 0-25%

• International shares: 0-25%

• Property: Listed / Unlisted: 0-20%

• Fixed interest and cash: 30-90%

• Alternatives: 0-25%