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Russell Short Duration Bond Fund Return opportunities for short-term goals How to invest with Russell Fund objective Seeks to provide current income and preservation of capital with a focus on short-duration securities OVERVIEW PERFORMANCE HOLDINGS & DETAILS MANAGERS More fund information Daily prices & standardized performance Prospectus & reports Printable fact sheet (PDF) Tax information Investment strategy Seeks to provide current income and preservation of capital with a focus on short-duration securities. Invests primarily in high-quality short-duration securities. Invests in investment grade market sectors with tactical investments in non-investment grade sectors. Fund highlights Focuses on bonds with durations of six months to three years, on average. Provides exposure to bonds with a higher return (and risk) potential than money market securities and less volatility than long-term bonds. Aims for higher yields by allowing managers to explore potentially higher returning sectors of the short duration bond market. To seek increased return, managers may employ aggressive sector rotation, which can increase the fund's risk profile Characteristics As of 03/31/2012 Updated quarterly       Total net assets (All classes)   $1,147.0 million Weighted average duration (All classes)1   2.4 years 1 Duration approximates the percentage change in the price of a bond or the value of a portfolio of bonds for every one percentage point shift in interest rates.     Cusip   Ticker Class A   782494801   RSBTX Class C   782493340   RSBCX Class E   782493332   RSBEX Class S   782493506   RFBSX Class Y   782494421   RSBYX Select a different Russell fund Russell Commodity Strategies Russell Emerging Markets Russell Global Equity Russell Global Infrastructure Russell Global Opportunistic Credit Russell Global Real Estate Securities Russell International Developed Markets Russell Investment Grade Bond Russell Money Market Russell Short Duration Bond Russell Strategic Bond Russell Tax Exempt Bond Russell Tax-Managed U.S. Large Cap Russell Tax-Managed U.S. Mid & Small Cap Russell U.S. Core Equity Russell U.S. Growth Russell U.S. Quantitative Equity Russell U.S. Small Cap Equity Russell U.S. Mid Cap Equity Russell U.S. Large Cap Equity Russell U.S. Value ----LifePoints® Funds---- Conservative Strategy Moderate Strategy Balanced Strategy Growth Strategy Equity Growth Strategy 2017 Retirement Distribution — S Shares 2017 Retirement Distribution — A Shares Fund objectives, risks, charges and expenses should be carefully considered before investing. For a prospectus containing this and other important information call Russell at 1-866-676-7680 or go to the prospectus and reports page to download one. Please read the prospectus carefully before investing. Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets. For more information on Russell Funds, contact your investment professional or plan administrator for assistance. Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company. The Russell logo is a trademark and service mark of Russell Investments. Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments. For information on the Financial Industry Regulatory Authority, go to www.finra.org. Copyright © Russell Investments 2007-2012. All rights reserved. First used April 2009. RFS-1899 Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.

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