Russell Strategic Bond fund

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Fund Overview

Advisor

Russell Investment Management, LLC

Fund Managers

BlueBay Asset Management LLP; Schroder Investment Management North America Inc.; Western Asset Management Company LLC and Western Asset Management Company Limited

Objective/Focus:

A multi-manager fund that invests primarily in bonds. Bonds are fixed-income securities representing debt obligations that require the issuer to repay the bondholders the principal amount borrowed and to generally pay interest. The objective is to provide current income and the preservation of capital.

Asset Class:

Bond

Style:

Broad Market/Sector Rotation

Bonds and other debt obligations are affected by changes in interest rates, inflation risk and the creditworthiness of their issuers. High yield bonds generally have greater price swings and higher default risks than investment grade bonds. Return of principal is not guaranteed. In contrast to owning individual bonds, there are ongoing fees and expenses associated with owning shares of bond funds.

Overseas investments can pose more risks than domestic investments due to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions.

Fund Facts as of 6/30/2024

Fund Inception

04-30-1999

First Available for Variable Annuity

04-30-1999

First Available for Variable Life

06-30-1999

Net Assets

$867.12 Million

Top 10 Portfolio Holdings % of Net Assets

United States Treasury Bills

3.8%

United States Treasury Bills

3.5%

United States Treasury Bills

2.9%

Fannie Mae

2.7%

Fannie Mae

2.3%

Ginnie Mae

1.6%

Ginnie Mae

1.5%

Ginnie Mae II

0.9%

MEX BONOS DESARR FIX RT BONDS

0.9%

United States Treasury Bills

0.7%

Total % of Net Assets

20.8%