Russell ETF Shareholders to Vote on Advisory Changes Ahead of Sale

Russell Investments has updated its ETF prospectuses ahead of its planned acquisition by a B Capital-led consortium that includes CalPERS, expected to close in Q1 2027. Because the transaction would automatically terminate existing advisory agreements, shareholders will vote around November 24 on new agreements with Russell Investment Management on substantially unchanged terms and fees. Additional proposals include greater flexibility over affiliated subadvisers and allowing the Global Infrastructure ETF to formally concentrate in infrastructure industries.