Fund objectives, risks, charges and expenses should be carefully considered before investing. A summary prospectus, if available, or a prospectus containing this and other important information can be obtained by calling 800-787-7354 or by visiting www.russell.com. Please read a prospectus carefully before investing.

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Russell Investments is a trade name and registered trademark of Frank Russell Company, a Washington USA corporation, which operates through subsidiaries worldwide and is part of London Stock Exchange Group.

Investors should consult their tax advisor or legal counsel for advice and information concerning their specific situation. Neither Russell Investments nor any of its representatives may give legal or tax advice.