Russell Managed Yield Class Series B Shares New: 3% or 5% distribution options - made up of return of capital1 Goal To provide a tax-efficient return comparable to an effective diversification against equities and a stable level of cash flow by investing principally in fixed income securities of Canadian issuers. Portfolio Composition of the Russell Canadian Fixed Income Fund The Russell Managed Yield Class enters into forward contracts under which it will swap an equity return for the Russell Canadian Fixed Income Fund return. (Actual manager allocation may vary) Style   Weight   Manager           Interest Rate Management   50%   Beutel, Goodman & Company Security Selection   25%   Canso Investment Counsel Ltd. Global   25%   Pacific Investment Management Co. Investment Performance (%) As of 12/31/2011     3 mths   YTD   1 yr.   3 yrs.   5 yrs.   10 yrs.   Incep.* Series B   1.33   5.80   5.80   6.08   --   --   7.06 Total Assets: $1,018.0 million as of 12/31/2011 Top 25 Holdings of the Russell Canadian Fixed Income Fund These are portfolio holdings of the Underlying Fund. Russell Managed Yield Class is exposed to these portfolio holdings as a result of a forward agreement. Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Underlying Fund. This list will be updated within 60 days of each quarter end. The prospectus and other information about the underlying Fund is available at www.russell.com/ca or at www.sedar.com. 1Annual distribution options of 3% and 5% are paid monthly. A payment of Return of Capital (ROC) reduces your adjusted cost base (ACB). If your ACB becomes negative in a year, that negative amount will be a capital gain, a part of which is taxable. The ACB will then be nil for the following year. Unless otherwise noted, all the rates shown are for the period ending 12/31/2011. The rates shown are compounded yearly. They also include changes in unit value and all money that has been re-invested. Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Pool. This list will be updated within 60 days of each quarter end. *Inception: October 2008 Last updated: 12/31/2011			Download the fact sheet: English French Download the case study: English French Printer friendly version of this page

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