The investment seeks to provide above average long term capital appreciation and a moderate level of current income.
The fund is a "fund of funds," which seeks to achieve its objective by investing principally in a combination of several other Russell Investment Company funds. Its investment adviser intends the fund's strategy of investing in a combination of underlying funds to result in investment diversification that an investor could otherwise achieve only by holding numerous individual investments. The fund's approximate target strategic allocation as of March 1, 2016 is 55% to equity, 35% to fixed/other income and 10% to alternative asset classes.
The investment seeks to manage against capital risk while generating income and pursuing long-term capital growth.
The fund is designed to generate income, pursue capital growth in order to provide purchasing power protection, and to manage risk. It may invest in a combination of the Core Bond Series, Disciplined Value Series, Emerging Markets Series, Equity Income Series, Global Fixed Income Series, High Yield Bond Series, Real Estate Series, and Unconstrained Bond Series, as well as other Series of the fund.