Russell Investments Low Carbon Global Shares ex Fossil Fuels Fund

The Fund invests in a broad range of global shares listed on stock exchanges in developed and emerging international markets. The Fund suits investors who value environmental, social and governance (ESG) considerations within the investment portfolio construction process, including those seeking a fossil fuel free exposure.

Managers

Manager	Allocation (%)	Color
Russell Investments Low Carbon Global Shares ex Fossil Fuels Fund
Russell Investments	100	#5ab7e8
As at 05/12/2025

Fund detail

Assets under management	$199,189,550(As at 02/12/2025)
Fund inception	17th December 2020
Minimum Investment timeframe	7 years
Investment return objective	To provide a total return, before costs and tax, in line with the Fund’s benchmark over rolling three year periods with a focus on reducing the Fund’s carbon exposure relative to benchmark.
Investment strategy	The Fund invests predominantly in a broad range of international shares listed on stock exchanges in developed and emerging international markets. The Fund targets lower carbon exposure, and higher Climate Solutions Revenue, compared to the MSCI ACWI ex Australia Index. The Fund excludes companies with fossil fuel reserves or a significant involvement in fossil fuel activities. The Fund also employs certain other investment exclusions. Derivatives may be used by the Fund to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risks. The Fund’s performance is benchmarked to the MSCI ACWI ex Australia ex Fossil Fuels Index. As that benchmark excludes fossil fuels, the Fund’s carbon exposure and Climate Solutions Revenue are compared against the MSCI ACWI ex Australia Index. For further information on how the Fund seeks to achieve a lower carbon exposure, higher Climate Solutions Revenue and the investment exclusions employed, refer to ESG considerations in the 'How we invest your money' section of the Additional Information Booklet.