U.S. equity funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Russell U.S. Core Equity Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell U.S. Defensive Equity Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell U.S. Dynamic Equity Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell U.S. Strategic Equity Fund |

A, C, E, S Shares | | | | | | | |

Russell U.S. Small Cap Equity Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell U.S. Small Cap Equity Fund Notices / Information Statements |

Russell U.S. Large Cap Equity Fund |

A, C, S Shares | | | | | | | |

Russell U.S. Mid Cap Equity Fund |

A, C, S Shares | | | | | | | |

International & global equity funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Russell International Developed Markets Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Global Equity Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Emerging Markets Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Emerging Markets Fund Notices / Information Statements |

Tax-managed equity funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Russell Tax-Managed U.S. Large Cap Fund |

A, C, E, S Shares | | | | | | | |

Russell Tax-Managed U.S. Large Cap Fund Notices / Information Statements |

Russell Tax-Managed U.S. Mid & Small Cap Fund |

A, C, E, S Shares | | | | | | | |

Russell Tax-Managed U.S. Mid & Small Cap Fund Notices / Information Statements |

Fixed income funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Russell Global Opportunistic Credit Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Global Opportunistic Credit Fund Notices / Information Statements |

Russell Strategic Bond Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Investment Grade Bond Fund |

A, C, E, I, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Short Duration Bond Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Tax Exempt Bond Fund |

A, C, E, S Shares | | | | | | | |

Alternative and Specialty Funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Russell Commodity Strategies Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Global Infrastructure Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Global Infrastructure Fund Notices / Information Statements |

Russell Global Real Estate Securities Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Multi-Strategy Alternative Fund |

A, C, E, S, Y Shares | | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | | | | |

Russell Multi-Strategy Alternative Fund Notices / Information Statements |

Russell Strategic Call Overwriting Fund |

A, C, E, S Shares | | | | | | | |

Select Equity Funds | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Select U.S. Equity Fund |

A, C, E, S, Y Shares | -- | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | -- | -- | -- | |

Select International Equity Fund |

A, C, E, S, Y Shares | -- | Purchase of Class Y Shares requires a current selling agreement with Russell and there is a $10 million required minimum initial investment for each account in each Fund. | | -- | -- | -- | |

LifePointsÂ® Funds Target Portfolio Series | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

Conservative Strategy Fund |

A, C, E, R1, R2, R3, R4, R5, S Shares | | | | | | | |

Conservative Strategy Fund Notices / Information Statements |

Moderate Strategy Fund |

A, C, E, R1, R2, R3, R4, R5, S Shares | | | | | | | |

Moderate Strategy Fund Notices / Information Statements |

Balanced Strategy Fund |

A, C, E, R1, R2, R3, R4, R5, S Shares | | | | | | | |

Balanced Strategy Fund Notices / Information Statements |

Growth Strategy Fund |

A, C, E, R1, R2, R3, R4, R5, S Shares | | | | | | | |

Growth Strategy Fund Notices / Information Statements |

Equity Growth Strategy Fund |

A, C, E, R1, R2, R3, R4, R5, S Shares | | | | | | | |

Equity Growth Strategy Fund Notices / Information Statements |

LifePointsÂ® Funds Target Date Series (available to DC plans only) | Summary Prospectus | Prospectus | Statement of additional information | Semiannual report | Annual report | Quarterly holdings report | XBRL |

2015 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2015 Strategy Fund Notices / Information Statements |

2020 Strategy Fund |

A, E, R1, R2, R3, R4, R5, S Shares | -- | | | | | | |

2020 Strategy Fund Notices / Information Statements |

2025 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2025 Strategy Fund Notices / Information Statements |

2030 Strategy Fund |

A, E, R1, R2, R3, R4, R5, S Shares | -- | | | | | | |

2030 Strategy Fund Notices / Information Statements |

2035 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2035 Strategy Fund Notices / Information Statements |

2040 Strategy Fund |

A, E, R1, R2, R3, R4, R5, S Shares | -- | | | | | | |

2040 Strategy Fund Notices / Information Statements |

2045 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2045 Strategy Fund Notices / Information Statements |

2050 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2050 Strategy Fund Notices / Information Statements |

2055 Strategy Fund |

R1, R2, R3, R4, R5 Shares | -- | | | | | | |

2055 Strategy Fund Notices / Information Statements |

In Retirement Fund |

A, R1, R2, R3, R4, R5 Shares | -- | | | | | | |

In Retirement Fund Notices / Information Statements |