31 August 2024

Russell Investments Global High Dividend Equity
Fund Objective
The Fund aims to achieve long-term growth on your investment by investing at least 80% of its assets
in the equities of companies worldwide, at least two-thirds of which are issued by or in respect of highdividend companies. In addition, the Fund focuses on companies that pay above-average income totheir shareholders in the form of a dividend (a share of profits). The Fund is actively managed withreference to the MSCI ACWI (USD) - Net Returns (the Index) which it seeks to outperform by 1.25%
over the medium to long term. Russell Investments have full discretion to select investments for theFund.

Fund Update
Patrick Egan
Portfolio Manager

Russell Investments' Global Equity
Team comprises over 23
experienced professionals,
including portfolio managers,
researchers, portfolio analysts, andstrategists in Russell Investments
offices around the globe.
The team manages a wide range ofU.S., non-U.S developed, emerging
market, frontier market, and global
equity mandates.

The Fund outperformed in August. High dividend yielding stocks recorded a positive return but lagged
most other investment styles. The Fund benefitted from strong stock selection, particularly within theconsumer staples, information technology and industrials sectors. The large overweight to the healthcare sector also suited the market environment. Selection within financials weighed on furtheroutperformance.

Performance Review %Performance to period end
Returns shown in GBPReturn net of management fee Class B
GBP Inc
MSCI ACWI (USD) - Net Returns (GBP)

1
month

3
6
months months

Year toDate

1year

3years

5years10years

Since
inception

0.4

3.65.9

7.9

11.6

4.6

5.0

6.5

7.1

0.2

3.2

6.4

12.5

19.0

7.4

10.4

11.4

-All returns greater than 1 year are annualised

Rolling 12 Month Performance (%)
30/06/23
30/06/24

30/06/22
30/06/23

30/06/21
30/06/22

30/06/20
30/06/21

30/06/19
30/06/20

Return net of management fee Class B GBP Inc

7.61

3.72

0.52

0.00

-8.94

MSCI ACWI (USD) - Net Returns (GBP)

20.06

11.31

-4.17

24.56

5.18

30/06/18
30/06/19

30/06/17
30/06/18

30/06/16
30/06/17

30/06/15
30/06/16

30/06/14
30/06/15

Returns shown in GBP
Fund facts
Share Class; Dealing ccy
B GBP Inc; GBP
Dealing frequency; Cut offDaily; 2:00 pm GMT

Returns shown in GBP

Domicile; Category

Return net of management fee Class B GBP Inc

6.22

3.14

14.52

13.42

5.02

Ireland; UCITSMSCI ACWI (USD) - Net Returns (GBP)

9.69

9.25

22.56

13.08

9.56

Fund size
USD 319.21m
Fund launch date

Past performance does not predict future returns.
The current benchmark is the MSCI ACWI (USD) - Net Returns converted into the currency displayed in the performance table abovewhere applicable. Prior to 1st July 2018 the benchmark was Russel Global Index NR TR.

12 January 2001
Share class launch date
27 July 2010

Management fee
1.80%
ISIN; Bloomberg
IE00B3NKZG80; ROGHDEB ID
Share class NAV
GBP 7.01m

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31 August 2024

Russell Investments Global High Dividend Equity
Portfolio Statistics

FundBenchmark

3 years

FundBenchmark

Number of equity holdings

2822757

Volatility

15.3

15.3

Price/Earnings

24.4

30.4

Tracking error

5.6

5.6

Dividend Yield

2.7

2.7

Sharpe ratio--Price to Book

2.3

2.8

Information ratio-0.2-0.2

EPS Growth (1 Year)

12.5

19.8

3 year return (net)

4.8%

7.4%

3 year excess return (net)-2.6%-Ten largest holdings by weight
IssuerFundBenchmarkJohnson & Johnson

1.4%

0.5%

Novartis AG

1.4%

0.3%

PepsiCo Inc

1.4%

0.3%

Microsoft Corp

1.4%

Medtronic PLC

Sector weights
Fund

Benchmark

Health Care

18.6%

11.4%

Information Technology

18.6%

24.7%

3.8%

Financials

18.4%

16.2%

1.3%

0.2%

Consumer Staples

11.6%

6.4%

UnitedHealth Group Inc

1.3%

0.7%

Industrials

10.2%

10.6%

Cisco Systems Inc

1.3%

0.3%

Consumer Discretionary

7.8%

10.2%

Texas Instruments Inc

1.3%

0.3%

Materials

3.8%

4.0%

Accenture PLC

1.3%

0.3%

Energy3.3%

4.2%

McDonald's Corp

1.3%

0.3%

Communication Services

2.9%

7.5%

Real Estate

2.5%

2.2%

Utilities

2.3%

2.6%

Other

0.0%

0.0%

Fund

BenchmarkRegional weights
Fund

Benchmark

United States

60.8%

63.7%

Europe ex UK

13.5%

12.3%

Emerging Markets

11.7%

10.1%

Japan

6.2%

5.2%

ESG Score

19.4

20.5

United Kingdom

3.5%

3.4%

Carbon Footprint

82.5

121.8Canada

2.6%

2.8%

Asia ex Japan

1.0%

0.7%

Australia/New Zealand

0.7%

1.8%

Source: The portfolio-level ESG Risk Rating is the weighted average of the Sustainalytics'Risk Rating for securities in the portfolio. The Sustainalytics Risk Rating details areavailable at https://www.sustainalytics.com/esg-data. Carbon footprint is the weighted
average carbon intensity of the Scope 1 and 2 carbon emission intensity of companies in
the portfolio. It is measured in tonnes of CO2e divided by revenue (USD $M).

ESG Data231 August 2024

Russell Investments Global High Dividend Equity
Fund structureManager/Strategy

Strategy

TargetActualPzena Investment Management, LLC

Value

25.0%

24.5%

Wellington Management Company LLP

Market-Oriented

32.5%

30.2%

Wellington Management Company LLP

Global Quality Value

22.5%

21.7%

Russell Investments

Positioning Strategies

20.0%

23.6%

Russell Investments may trade a portion of the Fund's assets based on a model portfolio provided by the investment advisor. By employing this emulated portfolio approach, theFund leverages off the implementation capabilities of Russell Investments in order to manage the funds in an efficient manner.

Important Information
This material does not constitute an offer or invitation to anyone in any jurisdiction in which such distribution is not authorised.
Unless otherwise specified, Russell Investments is the source of all data. All information contained in this material is current at the time of issue and, to the best of our knowledge,accurate. Any opinion expressed is that of Russell Investments, is not a statement of fact, is subject to change and does not constitute investment advice.
The value of investments and the income from them can fall as well as rise and is not guaranteed. You may not get back the amount originally invested.
Past performance does not predict future returns.
The net assets of the fund are likely to have high volatility.
Potential investors in Emerging markets should be aware that investment in these markets can involve a higher degree of risk.
Any reference to returns linked to currencies may increase or decrease as a result of currency fluctuations. Tax treatments depend on the circumstances of the individual
client and may be subject to change in the future.
This is a marketing communication. Please refer to the prospectus of the UCITS and to the KIID/KID before making any final investment decisions.
In the UK this marketing document has been issued by Russell Investments Limited. Company No. 02086230. Registered in England and Wales with registered office at: Rex House,
10 Regent Street, London SW1Y 4PE. Telephone +44 (0)20 7024 6000. Authorised and regulated by the Financial Conduct Authority, 12 Endeavour Square, London, E20 1JN.In theEU this marketing document has been issued by Russell Investments Ireland Limited. Company No. 213659. Registered in Ireland with registered office at: 78 Sir John Rogerson's
Quay, Dublin 2, Ireland. Authorised and regulated by the Central Bank of Ireland. In the Middle East this marketing document has been issued by Russell Investments Limited aDubai International Financial Centre company which is regulated by the Dubai Financial Services Authority at: Office 4, Level 1, Gate Village Building 3, DIFC, PO Box 506591,Dubai UAE. Telephone +971 4 578 7097.This material should only be marketed towards Professional Clients as defined by the DFSA.
KvK number 67296386© 1995-2024 Russell Investments Group, LLC. All rights reserved.
PaR-00709 (EXP Dec 2024)
U-03016-2024-09-19

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