RUSSELL INVESTMENTS

^*in-fund costs include Forex/CLS trades, fund and registry administration audit, tax and legal, benchmark licenses etc. For full details of what is included, refer to the PDS

^**these fees include management fees, supervisor’s fee, custody transaction costs etc., and are accrued and updated on our website approximately monthly. For full details of what is included, refer to the PDS

FundRock NZ Limited (FundRock) is the issuer and manager of the funds on this page and Russell Investment Group Limited (RIGL) is the investment manager. Product Disclosure Statements are available from RIGL or FundRock and on https://disclose-register.companiesoffice.govt.nz. The information contained on this website is not an offer of units in the funds offered within the Scheme or a proposal or an invitation to make an offer to sell, or a recommendation to subscribe for or purchase, any units in the funds. If you are making an investment directly then you will be required to complete the application form, which can be obtained from FundRock. The information and any opinions on this website are based on sources that RIGL believes are reliable and accurate. RIGL, its directors, officers and employees make no representations or warranties of any kind as to the accuracy or completeness of the information contained herein and disclaim liability for any loss, damage, cost or expense that may arise from any reliance on the information or any opinions, conclusions or recommendations contained in it, whether that loss or damage is caused by any fault or negligence on the part of RIGL, or otherwise, except for any statutory liability which cannot be excluded. All opinions reflect RIGL’s judgement on the date of this website and are subject to change without notice. This disclaimer extends to FundRock, and any entity that may distribute this publication. The information on this website is not intended to be financial advice for the purposes of the Financial Markets Conduct Act 2013 as amended by the Financial Services Legislation Amendment Act 2019. In particular, in preparing this document, Russell Investments did not take into account the investment objectives, financial situation and particular needs of any particular person. Professional investment advice from an appropriately qualified adviser should be taken before making any investment. Past performance is not necessarily indicative of future performance, unit prices may go down as well as up and an investor in the fund may not recover the full amount the capital that they invest. No part of this information may be reproduced without the permission of RIGL or FundRock.

Performance figures assume reinvestment of income. The benchmark return shown does not include any fees and is not intended to be an indicator of the return to an investor. Performance data is provided for informational purposes only and is not intended to imply a recommendation about a product or form the basis for making an investment decision

The S&P Global Infrastructure Index NZDH NTR (‘index”) is a product of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by Russell Investments. Copyright © 2023 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC's indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC. Neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors make any representation or warranty, express or implied, as to the ability of any index to accurately represent the asset class or market sector that it purports to represent and neither S&P Dow Jones Indices LLC, Dow Jones Trademark Holdings LLC, their affiliates nor their third party licensors shall have any liability for any errors, omissions, or interruptions of any index or the data included therein.

The fund performance shown on this website is not calculated using the unit prices for transacting into and out of the fund. The performance from this period has been calculated using adjusted unit prices. The unit prices calculated by the custodian use security prices available at NZ market close, while the benchmark is calculated using the security prices at the close of the different global markets. This pricing methodology difference causes an embedded lagging effect; hence a month-end adjustment is made to so that the fund performance reporting is aligned with the benchmark methodology and we can more accurately report the fund performance against the benchmark.