The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund manages assets with the help of six money managers namely AllianceBernstein L.P., Axiom International Investors LLC, Numeric Investors LLC, Consilium Investment Management, LLC, Oaktree Capital Management, L.P., and Neuberger Berman Investment Advisors LLC.

The fund prefers a multi-manager inves More

The fund seeks capital appreciation in the long term by investing in companies across any size outside the United States.

The fund manages assets with the help of six money managers namely AllianceBernstein L.P., Axiom International Investors LLC, Numeric Investors LLC, Consilium Investment Management, LLC, Oaktree Capital Management, L.P., and Neuberger Berman Investment Advisors LLC.

The fund prefers a multi-manager investing approach with the aim of reducing volatility and downside risk.

The multi-manager fund also pursues multi-style investment including growth, value, and market-oriented investing styles.

The investment process starts with a list of companies in the benchmark index and the research team utilizes quantitative techniques and fundamental analysis to identify investment opportunities.

Next, the research team invests in emerging market companies, and principally invests in securities of companies economically tied to emerging market countries and in depositary receipts.

The team considers emerging market countries to include every country in the world except Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States.

The fund’s money managers provide a model portfolio to Russell Investment Management representing their investment recommendations, based upon which RIM purchases and sells securities for the fund.

RIM manages the fund’s assets not allocated to money manager strategies and invests in securities and instruments which provide the desired exposures.

Then the manager constructs a diversified portfolio from a list of companies favored by the research team and allocates capital based on its conviction level.

The fund may invest in synthetic foreign equity securities, which may be referred to as international warrants, local access products, participation notes or low exercise price warrants.

Also, the fund may invest in derivative instruments and may use derivatives to take both long and short positions.