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

Source for MSCI data: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the MSCI Parties.) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages.

Benchmark changes: MSCI World NR until 31 Dec 2010, Russell Global Large Cap (NR) until 30 Sep 2018 and MSCI ACWI (NR) thereafter.

The fund performance shown on this website, effective from 1 December 2021, 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. This methodology is effective from 1 December 2021 thereafter. Fund performance for periods up to 30 November 2021 has been calculated using the unit prices for transacting into and out of the fund.