Global Real Estate Securities Fund

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Fund Overview

Advisor

Russell Investment Management, LLC

Fund Managers

Cohen & Steers Capital Management, Inc., Cohen & Steers UK Limited and Cohen & Steers Asia Limited; RREEF America L.L.C., DWS Investments Australia Limited and DWS Alternatives Global Limited, operating under the brand name DWS

Objective/Focus:

The fund seeks to provide current income and long term capital growth. The Global Real Estate Securities Fund (Russell Investments) is a multi-manager fund that seeks to achieve its objective by concentrating its investments in equity securities of real estate companies (real estate securities) located in a number of countries around the world, including the U.S., in a globally diversified manner. The Fund considers a company to be a real estate company if at least 50% of its assets, gross income or net profits are attributable to the ownership, construction, development, financing, management or sale of residential, commercial or industrial real estate.

Asset Class:

Real Estate

Style:

Value, Growth and Market-Oriented

Equity Real Estate Investment Trusts (REITs) may be affected by changes in the value of the underlying property owned by the trust, while mortgage REITs may be affected by the quality of any credit extended. This fund is subject to some of the risks associated with direct ownership of real estate, including market value declines, risks related to general and local economic conditions and increases in interest rates. This fund, however, does not own real estate directly.

Fund Facts as of 6/30/2022

Fund Inception

04-30-1999

First Available for Variable Annuity

04-30-1999

First Available for Variable Life

06-30-1999

Net Assets

$886.15 Million

Top 10 Portfolio Holdings % of Net Assets

ProLogis, Inc.

5.1%

Public Storage, Inc.

4.0%

Welltower, Inc.

3.5%

Digital Realty Trust, Inc.

3.4%

Realty Income Corp.

3.2%

Vonovia SE

2.6%

Equiniz, Inc.

2.5%

Invitation Homes, Inc.

2.1%

Duke Realty Corp.

1.8%

Kimco Realty Corp.

1.8%

Total % of Net Assets

30.0%

Sector Weightings % of Equities

Diversified

29.9%

Apartment

18.5%

Warehouse

11.5%

Health Care

9.0%

Shopping Center

8.9%