Mutual fund daily prices & performance
These are mutual fund daily prices only.
If you are a participant in an employer-sponsored DC plan [e.g. 401(k)] invested in Russell Trust Company commingled funds please contact your company's plan administrator for guidance on accessing commingled fund pricing information.

Performance quoted represents past performance and should not be viewed as a guarantee of future results. The investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

NOTE: Fund objectives, risks, charges and expenses should be carefully considered before investing. For a prospectus containing this and other important information call Russell at 1-866-676-7680 or go to the prospectus and reports page to download one. Please read the prospectus carefully before investing.

As of 12/31/2008, performance has been restated to reflect any required tax reclassifications applicable to the fund's fiscal year ending 10/31/2008.

Russell Funds - Class A

Russell Funds Class A Funds are subject to a sales charge. The returns below are shown both with and without the maximum sales charge (maximum: equity Funds - 5.75%; fixed-income Funds - 3.75%). Performance not reflecting the sales charge would be lower if the charge was included.
A 1.00% deferred sales charge applies to $1million and over purchases redeemed within the first 12 months.

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(RSQAX) 		23.90  -0.11  -0.46%   
Return before taxes 4 -7.95%  9.59%  18.95%  -13.05%  0.05%  -1.17%  9.90%  10/15/1981  1.11%  1.11% 
Pre-liquidation after tax returns 1,3,4 -7.98%  9.52%  18.77%  -13.23%  -0.71%  -1.94%  6.91%  10/15/1981  1.11%  1.11% 
Post liquidation after tax returns 2,3,4 -5.17%  6.23%  12.30%  -8.41%  0.05%  -1.13%  7.01%  10/15/1981  1.11%  1.11% 
Return before taxes without sales charge deducted -2.35%  16.30%  26.20%  -7.73%  1.24%  -0.59%  10.14%  10/15/1981  1.11%  1.11% 
 
Russell U.S. Quantitative Equity
(REQAX) 		25.18  -0.08  -0.32%   
Return before taxes 4 -7.08%  7.28%  12.53%  -15.05%  -1.60%  -1.26%  7.82%  5/29/1987  1.34%  1.34% 
Pre-liquidation after tax returns 1,3,4 -7.14%  7.18%  12.24%  -15.28%  -2.40%  -2.19%  5.83%  5/29/1987  1.34%  1.34% 
Post liquidation after tax returns 2,3,4 -4.60%  4.73%  8.11%  -9.73%  -1.27%  -1.19%  5.97%  5/29/1987  1.34%  1.34% 
Return before taxes without sales charge deducted -1.43%  13.84%  19.42%  -9.88%  -0.43%  -0.67%  8.10%  5/29/1987  1.34%  1.34% 
 
Russell U.S. Small & Mid Cap
(RLACX) 		16.94  -0.07  -0.41%   
Return before taxes 4 -11.33%  12.56%  16.35%  -15.45%  -0.65%  4.01%  10.00%  12/28/1981  1.30%  1.30% 
Pre-liquidation after tax returns 1,3,4 -11.33%  12.56%  16.35%  -15.55%  -3.61%  1.81%  6.87%  12/28/1981  1.30%  1.30% 
Post liquidation after tax returns 2,3,4 -7.36%  8.16%  10.62%  -10.03%  -0.82%  2.96%  7.19%  12/28/1981  1.30%  1.30% 
Return before taxes without sales charge deducted -5.90%  19.39%  23.47%  -10.30%  0.53%  4.63%  10.24%  12/28/1981  1.30%  1.30% 
 
Russell International Developed Markets
(RLNAX) 		30.28  -0.25  -0.82%   
Return before taxes 4 -9.04%  12.51%  20.02%  -5.46%  4.04%  1.79%  9.71%  1/31/1983  1.32%  1.32% 
Pre-liquidation after tax returns 1,3,4 -9.04%  12.51%  20.02%  -5.44%  2.64%  0.71%  7.40%  1/31/1983  1.32%  1.32% 
Post liquidation after tax returns 2,3,4 -5.88%  8.13%  13.01%  -3.53%  3.38%  1.32%  7.48%  1/31/1983  1.32%  1.32% 
Return before taxes without sales charge deducted -3.48%  19.37%  27.33%  0.30%  5.28%  2.39%  9.95%  1/31/1983  1.32%  1.32% 
 
Russell Global Equity
(RGEAX) 		7.67  -0.05  -0.65%   
Return before taxes 4 -7.13%  10.61%  25.74%  -7.56%  --  --  -11.53%  3/1/2007  1.57%  1.57% 
Pre-liquidation after tax returns 1,3,4 -7.13%  10.61%  25.74%  -7.69%  --  --  -11.84%  3/1/2007  1.57%  1.57% 
Post liquidation after tax returns 2,3,4 -4.64%  6.90%  16.73%  -4.69%  --  --  -9.71%  3/1/2007  1.57%  1.57% 
Return before taxes without sales charge deducted -1.49%  17.27%  33.39%  -1.88%  --  --  -9.48%  3/1/2007  1.57%  1.57% 
 
Russell Emerging Markets
(REMAX) 		17.48  -0.08  -0.46%   
Return before taxes 4 -7.17%  16.06%  67.27%  12.09%  15.54%  10.60%  6.94%  1/29/1993  1.87%  1.87% 
Pre-liquidation after tax returns 1,3,4 -7.17%  16.06%  67.27%  12.22%  13.71%  9.65%  6.07%  1/29/1993  1.87%  1.87% 
Post liquidation after tax returns 2,3,4 -4.66%  10.44%  43.73%  9.08%  13.37%  9.28%  5.88%  1/29/1993  1.87%  1.87% 
Return before taxes without sales charge deducted -1.50%  23.17%  77.46%  18.94%  16.91%  11.26%  7.32%  1/29/1993  1.87%  1.87% 
 
Russell Strategic Bond
(RFDAX) 		10.39  0.00  0.00%   
Return before taxes 5 -2.43%  4.38%  13.60%  7.37%  2.99%  5.06%  5.69%  1/29/1993  1.07%  0.98% 
Pre-liquidation after tax returns 1,3,5 -2.53%  3.93%  11.90%  5.41%  1.40%  3.18%  3.50%  1/29/1993  1.07%  0.98% 
Post liquidation after tax returns 2,3,5 -1.58%  2.83%  8.72%  4.69%  1.62%  3.18%  3.50%  1/29/1993  1.07%  0.98% 
Return before taxes without sales charge deducted 1.38%  8.41%  18.05%  11.57%  3.79%  5.47%  5.93%  1/29/1993  1.07%  0.98% 
 
Russell Short Duration Bond
(RSBTX) 		18.91  0.00  0.00%   
Return before taxes 5 -3.00%  0.22%  8.57%  5.02%  2.46%  3.75%  6.97%  10/30/1981  1.06%  0.98% 
Pre-liquidation after tax returns 1,3,5 -3.08%  -0.10%  7.18%  3.41%  1.18%  2.30%  4.00%  10/30/1981  1.06%  0.98% 
Post liquidation after tax returns 2,3,5 -1.95%  0.14%  5.51%  3.19%  1.34%  2.31%  4.02%  10/30/1981  1.06%  0.98% 
Return before taxes without sales charge deducted 0.77%  4.13%  12.81%  9.11%  3.25%  4.14%  7.12%  10/30/1981  1.06%  0.98% 
 
Russell Real Estate Securities
(RREAX) 		27.83  -0.17  -0.61%   
Return before taxes 4 -9.48%  22.35%  13.59%  -29.67%  0.92%  9.25%  9.24%  7/28/1989  1.36%  1.36% 
Pre-liquidation after tax returns 1,3,4 -9.64%  22.13%  12.37%  -30.55%  -1.25%  7.05%  6.81%  7/28/1989  1.36%  1.36% 
Post liquidation after tax returns 2,3,4 -6.16%  14.49%  8.59%  -19.42%  0.40%  7.24%  6.87%  7/28/1989  1.36%  1.36% 
Return before taxes without sales charge deducted -3.97%  29.79%  20.51%  -25.39%  2.13%  9.90%  9.56%  7/28/1989  1.36%  1.36% 
 
NAVs do not reflect deduction of sales charges (maximum: equity Funds - 5.75%; fixed-income Funds - 3.75%) on Russell Class A shares. If reflected, the performance quoted would be lower.

Additional information regarding performance history

1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

4 Reflects deduction of the maximum sales charge of 5.75%.

5 Reflects deduction of the maximum sales charge of 3.75%.

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of:
  • for the Russell Strategic Bond Fund and Russell Short Duration Bond Fund a contractual transfer agency fee waiver through February 28, 2010; and
  • for the Russell Strategic Bond Fund a contractual advisory fee waiver and/or reimbursement through February 28, 2010.
The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.
  
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Russell Funds - Class C

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(REQSX) 		23.81  -0.12  -0.50%   
Return before taxes -2.41%  16.08%  25.19%  -8.57%  1.04%  -0.68%  10.10%  10/15/1981  1.86%  1.86% 
Pre-liquidation after tax returns 1,3 -2.41%  16.08%  25.19%  -8.62%  0.32%  -1.43%  7.11%  10/15/1981  1.86%  1.86% 
Post liquidation after tax returns 2,3 -1.57%  10.45%  16.38%  -5.52%  0.93%  -0.71%  7.20%  10/15/1981  1.86%  1.86% 
 
Russell U.S. Quantitative Equity
(REQCX) 		25.11  -0.09  -0.36%   
Return before taxes -1.48%  13.62%  18.50%  -10.63%  -0.62%  -0.76%  8.06%  5/29/1987  2.09%  2.09% 
Pre-liquidation after tax returns 1,3 -1.48%  13.59%  18.42%  -10.72%  -1.40%  -1.68%  6.07%  5/29/1987  2.09%  2.09% 
Post liquidation after tax returns 2,3 -0.96%  8.85%  12.01%  -6.87%  -0.41%  -0.77%  6.21%  5/29/1987  2.09%  2.09% 
 
Russell U.S. Growth
(RSGCX) 		6.29  -0.02  -0.32%   
Return before taxes -1.81%  13.46%  34.69%  -2.57%  -1.07%  --  -5.08%  1/31/2001  2.35%  2.17% 
Pre-liquidation after tax returns 1,3 -1.81%  13.46%  34.69%  -2.57%  -1.21%  --  -5.15%  1/31/2001  2.35%  2.17% 
Post liquidation after tax returns 2,3 -1.18%  8.75%  22.55%  -1.67%  -0.86%  --  -4.15%  1/31/2001  2.35%  2.17% 
 
Russell U.S. Value
(RSVCX) 		6.74  -0.04  -0.59%   
Return before taxes -4.32%  22.01%  32.38%  -3.78%  -1.60%  --  -0.88%  1/31/2001  2.15%  2.15% 
Pre-liquidation after tax returns 1,3 -4.32%  21.99%  32.30%  -3.95%  -2.62%  --  -1.50%  1/31/2001  2.15%  2.15% 
Post liquidation after tax returns 2,3 -2.81%  14.30%  21.03%  -2.40%  -1.21%  --  -0.67%  1/31/2001  2.15%  2.15% 
 
Russell U.S. Small & Mid Cap
(RLECX) 		16.83  -0.07  -0.41%   
Return before taxes -5.93%  19.20%  22.58%  -11.05%  0.36%  4.53%  10.20%  12/28/1981  2.05%  2.05% 
Pre-liquidation after tax returns 1,3 -5.93%  19.20%  22.58%  -11.08%  -2.62%  2.34%  7.07%  12/28/1981  2.05%  2.05% 
Post liquidation after tax returns 2,3 -3.85%  12.48%  14.68%  -7.18%  0.05%  3.44%  7.39%  12/28/1981  2.05%  2.05% 
 
Russell International Developed Markets
(RLNCX) 		30.00  -0.25  -0.83%   
Return before taxes -3.55%  19.14%  26.48%  -0.50%  5.11%  2.31%  9.92%  1/31/1983  2.07%  2.07% 
Pre-liquidation after tax returns 1,3 -3.55%  19.14%  26.48%  -0.47%  3.69%  1.23%  7.61%  1/31/1983  2.07%  2.07% 
Post liquidation after tax returns 2,3 -2.31%  12.44%  17.21%  -0.30%  4.32%  1.78%  7.68%  1/31/1983  2.07%  2.07% 
 
Russell Global Equity
(RGECX) 		7.64  -0.05  -0.65%   
Return before taxes -1.49%  16.98%  32.41%  -2.85%  --  --  -10.22%  3/1/2007  2.32%  2.32% 
Pre-liquidation after tax returns 1,3 -1.49%  16.98%  32.41%  -2.66%  --  --  -10.37%  3/1/2007  2.32%  2.32% 
Post liquidation after tax returns 2,3 -0.97%  11.04%  21.07%  -1.64%  --  --  -8.55%  3/1/2007  2.32%  2.32% 
 
Russell Emerging Markets
(REMCX) 		16.51  -0.08  -0.48%   
Return before taxes -1.52%  22.90%  76.39%  17.93%  16.02%  10.42%  6.82%  1/29/1993  2.62%  2.62% 
Pre-liquidation after tax returns 1,3 -1.52%  22.90%  76.39%  18.26%  14.65%  9.74%  6.11%  1/29/1993  2.62%  2.62% 
Post liquidation after tax returns 2,3 -0.99%  14.88%  49.65%  13.17%  14.25%  9.39%  5.92%  1/29/1993  2.62%  2.62% 
 
Russell Strategic Bond
(RFCCX) 		10.39  0.00  0.00%   
Return before taxes 1.41%  8.21%  17.32%  10.78%  3.64%  5.39%  5.89%  1/29/1993  1.82%  1.73% 
Pre-liquidation after tax returns 1,3 1.33%  7.82%  15.81%  9.03%  2.09%  3.53%  3.71%  1/29/1993  1.82%  1.73% 
Post liquidation after tax returns 2,3 0.92%  5.32%  11.15%  6.93%  2.20%  3.49%  3.69%  1/29/1993  1.82%  1.73% 
 
Russell Investment Grade Bond
(RFACX) 		21.34  0.00  0.00%   
Return before taxes 1.43%  6.62%  13.97%  12.71%  3.93%  5.46%  8.75%  10/15/1981  1.58%  1.58% 
Pre-liquidation after tax returns 1,3 1.35%  6.31%  12.45%  11.00%  2.30%  3.54%  5.39%  10/15/1981  1.58%  1.58% 
Post liquidation after tax returns 2,3 0.93%  4.30%  8.99%  8.16%  2.39%  3.52%  5.38%  10/15/1981  1.58%  1.58% 
 
Russell Short Duration Bond
(RSBCX) 		18.85  0.00  0.00%   
Return before taxes 0.73%  3.91%  12.07%  8.33%  2.49%  3.38%  6.82%  10/30/1981  1.81%  1.73% 
Pre-liquidation after tax returns 1,3 0.66%  3.64%  10.86%  6.97%  1.48%  2.19%  3.95%  10/30/1981  1.81%  1.73% 
Post liquidation after tax returns 2,3 0.47%  2.54%  7.79%  5.36%  1.53%  2.16%  3.97%  10/30/1981  1.81%  1.73% 
 
Russell Tax Exempt Bond
(RTECX) 		21.99  0.01  0.05%   
Return before taxes -1.64%  5.08%  8.07%  10.37%  2.84%  3.52%  4.42%  9/5/1985  1.62%  1.54% 
Pre-liquidation after tax returns 1,3 -1.64%  5.08%  8.06%  10.36%  2.23%  3.07%  4.23%  9/5/1985  1.62%  1.54% 
Post liquidation after tax returns 2,3 -1.00%  3.53%  5.97%  7.67%  2.18%  2.97%  4.18%  9/5/1985  1.62%  1.54% 
 
Russell Tax-Managed U.S. Large Cap
(RTLCX) 		15.94  -0.07  -0.44%   
Return before taxes -2.13%  16.55%  28.44%  -5.29%  -1.09%  -1.98%  3.60%  10/7/1996  2.05%  1.97% 
Pre-liquidation after tax returns 1,3 -2.13%  16.55%  28.44%  -5.30%  -1.09%  -2.00%  3.53%  10/7/1996  2.05%  1.97% 
Post liquidation after tax returns 2,3 -1.38%  10.76%  18.49%  -3.43%  -0.92%  -1.67%  3.11%  10/7/1996  2.05%  1.97% 
 
Russell Tax-Managed U.S. Mid & Small Cap
(RTSCX) 		10.01  -0.04  -0.40%   
Return before taxes -6.24%  19.72%  23.28%  -6.73%  2.71%  --  1.36%  11/30/1999  2.43%  2.26% 
Pre-liquidation after tax returns 1,3 -6.24%  19.72%  23.28%  -6.73%  2.36%  --  1.18%  11/30/1999  2.43%  2.26% 
Post liquidation after tax returns 2,3 -4.05%  12.82%  15.13%  -4.37%  2.35%  --  1.18%  11/30/1999  2.43%  2.26% 
 
Russell Real Estate Securities
(RRSCX) 		27.27  -0.16  -0.58%   
Return before taxes -4.04%  29.55%  19.65%  -26.02%  1.35%  9.08%  9.13%  7/28/1989  2.11%  2.11% 
Pre-liquidation after tax returns 1,3 -4.16%  29.36%  18.57%  -26.76%  -0.63%  7.12%  6.82%  7/28/1989  2.11%  2.11% 
Post liquidation after tax returns 2,3 -2.63%  19.17%  12.55%  -17.04%  0.91%  7.28%  6.87%  7/28/1989  2.11%  2.11% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

On October 15, 2007, the Diversified Bond Fund was closed to all new and existing shareholders. On October 22, 2007 the Diversified Bond Fund was merged into the Fixed Income I Fund. For more information, please contact your financial professional.

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of:
  • for the Russell Strategic Bond Fund, Russell Short Duration Bond Fund, Russell Tax Exempt Bond Fund, Russell Tax-Managed U.S. Large Cap Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund a contractual transfer agency fee waiver through February 28, 2010; and
  • for the Russell Strategic Bond Fund, Russell U.S. Growth Fund, and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual advisory fee waiver and/or reimbursement through February 28, 2010; and
  • for the Russell U.S. Growth Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual cap on expenses through February 28, 2010.
The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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Russell Funds - Class E

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(REAEX) 		23.87  -0.11  -0.46%   
Return before taxes -2.32%  16.29%  26.17%  -7.77%  1.23%  -0.59%  10.13%  10/15/1981  1.11%  0.98% 
Pre-liquidation after tax returns 1,3 -2.37%  16.20%  25.93%  -7.99%  0.46%  -1.36%  7.14%  10/15/1981  1.11%  0.98% 
Post liquidation after tax returns 2,3 -1.51%  10.58%  16.98%  -4.98%  1.06%  -0.65%  7.23%  10/15/1981  1.11%  0.98% 
 
Russell U.S. Quantitative Equity
(REQEX) 		25.16  -0.09  -0.36%   
Return before taxes -1.40%  13.89%  19.44%  -9.87%  -0.43%  -0.67%  8.10%  5/29/1987  1.34%  1.21% 
Pre-liquidation after tax returns 1,3 -1.47%  13.77%  19.09%  -10.14%  -1.25%  -1.61%  6.11%  5/29/1987  1.34%  1.21% 
Post liquidation after tax returns 2,3 -0.91%  9.01%  12.60%  -6.36%  -0.28%  -0.71%  6.24%  5/29/1987  1.34%  1.21% 
 
Russell U.S. Growth
(RSGEX) 		6.79  -0.02  -0.29%   
Return before taxes -1.68%  13.54%  35.53%  -1.84%  -0.23%  --  -4.27%  1/31/2001  1.60%  1.42% 
Pre-liquidation after tax returns 1,3 -1.68%  13.54%  35.53%  -1.85%  -0.37%  --  -4.35%  1/31/2001  1.60%  1.42% 
Post liquidation after tax returns 2,3 -1.09%  8.80%  23.09%  -1.18%  -0.16%  --  -3.51%  1/31/2001  1.60%  1.42% 
 
Russell U.S. Value
(RSVEX) 		6.91  -0.04  -0.58%   
Return before taxes -4.43%  22.43%  33.40%  -2.93%  -0.78%  --  -0.04%  1/31/2001  1.40%  1.40% 
Pre-liquidation after tax returns 1,3 -4.45%  22.33%  33.13%  -3.30%  -1.95%  --  -0.80%  1/31/2001  1.40%  1.40% 
Post liquidation after tax returns 2,3 -2.88%  14.56%  21.67%  -1.82%  -0.58%  --  -0.03%  1/31/2001  1.40%  1.40% 
 
Russell U.S. Small & Mid Cap
(REBEX) 		16.98  -0.07  -0.41%   
Return before taxes -5.83%  19.43%  23.49%  -10.31%  0.53%  4.63%  10.23%  12/28/1981  1.30%  1.17% 
Pre-liquidation after tax returns 1,3 -5.83%  19.43%  23.49%  -10.36%  -2.45%  2.42%  7.10%  12/28/1981  1.30%  1.17% 
Post liquidation after tax returns 2,3 -3.79%  12.63%  15.27%  -6.69%  0.18%  3.51%  7.42%  12/28/1981  1.30%  1.17% 
 
Russell International Developed Markets
(RIFEX) 		30.31  -0.26  -0.85%   
Return before taxes -3.45%  19.36%  27.41%  0.37%  5.30%  2.40%  9.96%  1/31/1983  1.32%  1.19% 
Pre-liquidation after tax returns 1,3 -3.45%  19.36%  27.41%  0.65%  3.93%  1.34%  7.65%  1/31/1983  1.32%  1.19% 
Post liquidation after tax returns 2,3 -2.24%  12.58%  17.81%  0.49%  4.52%  1.88%  7.72%  1/31/1983  1.32%  1.19% 
 
Russell Global Equity
(RGEEX) 		7.68  -0.05  -0.65%   
Return before taxes -1.35%  17.09%  33.33%  -2.06%  --  --  -9.57%  3/1/2007  1.57%  1.57% 
Pre-liquidation after tax returns 1,3 -1.35%  17.09%  33.33%  -2.07%  --  --  -9.82%  3/1/2007  1.57%  1.57% 
Post liquidation after tax returns 2,3 -0.88%  11.11%  21.67%  -1.02%  --  --  -8.04%  3/1/2007  1.57%  1.57% 
 
Russell Emerging Markets
(REMEX) 		17.51  -0.09  -0.51%   
Return before taxes -1.50%  23.12%  77.59%  18.82%  16.90%  11.25%  7.32%  1/29/1993  1.87%  1.87% 
Pre-liquidation after tax returns 1,3 -1.50%  23.12%  77.59%  19.02%  15.41%  10.50%  6.57%  1/29/1993  1.87%  1.87% 
Post liquidation after tax returns 2,3 -0.97%  15.03%  50.43%  13.58%  14.96%  10.10%  6.35%  1/29/1993  1.87%  1.87% 
 
Russell Strategic Bond
(RFCEX) 		10.33  0.00  0.00%   
Return before taxes 1.39%  8.49%  18.27%  11.64%  3.83%  5.49%  5.95%  1/29/1993  1.07%  0.87% 
Pre-liquidation after tax returns 1,3 1.28%  8.02%  16.45%  9.55%  2.18%  3.58%  3.74%  1/29/1993  1.07%  0.87% 
Post liquidation after tax returns 2,3 0.91%  5.51%  11.75%  7.46%  2.30%  3.53%  3.72%  1/29/1993  1.07%  0.87% 
 
Russell Investment Grade Bond
(RFAEX) 		21.41  0.00  0.00%   
Return before taxes 1.50%  6.88%  14.86%  13.76%  4.31%  5.66%  8.82%  10/15/1981  0.83%  0.70% 
Pre-liquidation after tax returns 1,3 1.39%  6.49%  13.05%  11.72%  2.57%  3.68%  5.44%  10/15/1981  0.83%  0.70% 
Post liquidation after tax returns 2,3 0.98%  4.46%  9.55%  8.82%  2.65%  3.65%  5.43%  10/15/1981  0.83%  0.70% 
 
Russell Short Duration Bond
(RSBEX) 		18.94  0.00  0.00%   
Return before taxes 0.77%  4.13%  12.79%  9.12%  3.26%  4.15%  7.12%  10/30/1981  1.06%  0.98% 
Pre-liquidation after tax returns 1,3 0.69%  3.80%  11.35%  7.46%  1.98%  2.70%  4.14%  10/30/1981  1.06%  0.98% 
Post liquidation after tax returns 2,3 0.50%  2.68%  8.25%  5.85%  2.03%  2.66%  4.16%  10/30/1981  1.06%  0.98% 
 
Russell Tax Exempt Bond
(RTBEX) 		22.06  0.02  0.09%   
Return before taxes -1.58%  5.31%  8.81%  11.21%  3.62%  4.29%  4.76%  9/5/1985  0.87%  0.79% 
Pre-liquidation after tax returns 1,3 -1.58%  5.31%  8.80%  11.20%  2.83%  3.70%  4.51%  9/5/1985  0.87%  0.79% 
Post liquidation after tax returns 2,3 -0.93%  3.75%  6.68%  8.49%  2.77%  3.59%  4.46%  9/5/1985  0.87%  0.79% 
 
Russell Tax-Managed U.S. Large Cap
(RTLEX) 		16.36  -0.06  -0.37%   
Return before taxes -2.08%  16.78%  29.33%  -4.61%  -0.35%  -1.21%  4.22%  10/7/1996  1.30%  1.22% 
Pre-liquidation after tax returns 1,3 -2.08%  16.78%  29.33%  -4.79%  -0.46%  -1.35%  4.06%  10/7/1996  1.30%  1.22% 
Post liquidation after tax returns 2,3 -1.35%  10.91%  19.06%  -2.84%  -0.29%  -1.07%  3.63%  10/7/1996  1.30%  1.22% 
 
Russell Tax-Managed U.S. Mid & Small Cap
(RTSEX) 		10.80  -0.04  -0.37%   
Return before taxes -6.15%  19.96%  24.00%  -6.08%  3.48%  --  2.14%  11/30/1999  1.68%  1.51% 
Pre-liquidation after tax returns 1,3 -6.15%  19.96%  24.00%  -6.20%  3.12%  --  1.95%  11/30/1999  1.68%  1.51% 
Post liquidation after tax returns 2,3 -4.00%  12.97%  15.60%  -3.90%  2.99%  --  1.84%  11/30/1999  1.68%  1.51% 
 
Russell Real Estate Securities
(RREEX) 		27.84  -0.17  -0.61%   
Return before taxes -3.98%  29.83%  20.35%  -25.47%  2.10%  9.89%  9.56%  7/28/1989  1.36%  1.36% 
Pre-liquidation after tax returns 1,3 -4.15%  29.56%  19.06%  -26.40%  -0.09%  7.68%  7.12%  7/28/1989  1.36%  1.36% 
Post liquidation after tax returns 2,3 -2.59%  19.34%  12.97%  -16.70%  1.41%  7.82%  7.17%  7/28/1989  1.36%  1.36% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

On October 15, 2007, the Diversified Bond Fund was closed to all new and existing shareholders. On October 22, 2007 the Diversified Bond Fund was merged into the Fixed Income I Fund. For more information, please contact your financial professional.

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of:
  • for the Russell U.S. Core Equity Fund, Russell U.S. Quantitative Equity Fund, Russell U.S. Small & Mid Cap Fund, Russell International Developed Markets Fund, Russell Strategic Bond Fund, Russell Investment Grade Bond Fund, Russell Short Duration Bond Fund, Russell Tax Exempt Bond Fund, Russell Tax-Managed U.S. Large Cap Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund a contractual transfer agency fee waiver through February 28, 2010; and
  • for the Russell U.S. Growth Fund, Russell Strategic Bond Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual advisory fee waiver and/or reimbursement through February 28, 2010; and
  • for the Russell U.S. Growth Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual cap on expenses through February 28, 2010.
The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
Top
  
  

Russell Funds - Class I

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(REASX) 		23.87  -0.11  -0.46%   
Return before taxes -2.35%  16.37%  26.47%  -7.54%  1.48%  -0.35%  10.23%  10/15/1981  0.78%  0.73% 
Pre-liquidation after tax returns 1,3 -2.41%  16.25%  26.15%  -7.81%  0.67%  -1.19%  7.21%  10/15/1981  0.78%  0.73% 
Post liquidation after tax returns 2,3 -1.53%  10.63%  17.17%  -4.82%  1.26%  -0.48%  7.30%  10/15/1981  0.78%  0.73% 
 
Russell U.S. Quantitative Equity
(REDSX) 		25.19  -0.09  -0.36%   
Return before taxes -1.38%  13.94%  19.69%  -9.61%  -0.18%  -0.43%  8.22%  5/29/1987  1.01%  0.96% 
Pre-liquidation after tax returns 1,3 -1.47%  13.79%  19.27%  -9.93%  -1.04%  -1.43%  6.20%  5/29/1987  1.01%  0.96% 
Post liquidation after tax returns 2,3 -0.90%  9.04%  12.75%  -6.18%  -0.08%  -0.53%  6.33%  5/29/1987  1.01%  0.96% 
 
Russell U.S. Growth
(RSGIX) 		7.00  -0.02  -0.28%   
Return before taxes -1.78%  13.66%  35.92%  -1.55%  0.15%  --  -3.89%  1/31/2001  1.27%  1.04% 
Pre-liquidation after tax returns 1,3 -1.78%  13.66%  35.92%  -1.64%  0.00%  --  -3.97%  1/31/2001  1.27%  1.04% 
Post liquidation after tax returns 2,3 -1.16%  8.88%  23.35%  -0.92%  0.16%  --  -3.21%  1/31/2001  1.27%  1.04% 
 
Russell U.S. Value
(RSVIX) 		6.93  -0.04  -0.57%   
Return before taxes -4.33%  22.45%  33.61%  -2.72%  -0.44%  --  0.32%  1/31/2001  1.07%  1.07% 
Pre-liquidation after tax returns 1,3 -4.38%  22.32%  33.23%  -3.18%  -1.69%  --  -0.53%  1/31/2001  1.07%  1.07% 
Post liquidation after tax returns 2,3 -2.81%  14.58%  21.79%  -1.67%  -0.32%  --  0.24%  1/31/2001  1.07%  1.07% 
 
Russell U.S. Small & Mid Cap
(REBSX) 		17.10  -0.07  -0.41%   
Return before taxes -5.85%  19.44%  23.73%  -10.00%  0.77%  4.86%  10.33%  12/28/1981  0.97%  0.97% 
Pre-liquidation after tax returns 1,3 -5.85%  19.44%  23.73%  -10.10%  -2.27%  2.59%  7.17%  12/28/1981  0.97%  0.97% 
Post liquidation after tax returns 2,3 -3.80%  12.64%  15.43%  -6.49%  0.34%  3.67%  7.48%  12/28/1981  0.97%  0.97% 
 
Russell International Developed Markets
(RINSX) 		30.36  -0.26  -0.85%   
Return before taxes -3.44%  19.42%  27.67%  0.60%  5.55%  2.63%  10.05%  1/31/1983  0.99%  0.94% 
Pre-liquidation after tax returns 1,3 -3.44%  19.42%  27.67%  1.18%  4.20%  1.57%  7.86%  1/31/1983  0.99%  0.94% 
Post liquidation after tax returns 2,3 -2.24%  12.62%  17.99%  0.92%  4.78%  2.09%  7.93%  1/31/1983  0.99%  0.94% 
 
Russell Strategic Bond
(RFCSX) 		10.30  0.00  0.00%   
Return before taxes 1.42%  8.58%  18.45%  12.05%  4.08%  5.74%  6.10%  1/29/1993  0.74%  0.62% 
Pre-liquidation after tax returns 1,3 1.30%  8.08%  16.54%  9.86%  2.33%  3.72%  3.83%  1/29/1993  0.74%  0.62% 
Post liquidation after tax returns 2,3 0.92%  5.56%  11.86%  7.72%  2.45%  3.69%  3.81%  1/29/1993  0.74%  0.62% 
 
Russell Investment Grade Bond
(RFASX) 		21.42  0.01  0.05%   
Return before taxes 1.52%  6.90%  15.16%  14.03%  4.56%  5.93%  8.92%  10/15/1981  0.50%  0.45% 
Pre-liquidation after tax returns 1,3 1.40%  6.48%  13.26%  11.90%  2.74%  3.84%  5.50%  10/15/1981  0.50%  0.45% 
Post liquidation after tax returns 2,3 0.99%  4.48%  9.74%  8.98%  2.81%  3.82%  5.49%  10/15/1981  0.50%  0.45% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of:
  • for the Russell U.S. Core Equity Fund, Russell U.S. Quantitative Equity Fund, Russell U.S. Growth Fund, Russell International Developed Markets Fund, Russell Strategic Bond Fund, Russell Investment Grade Bond Fund, a contractual transfer agency fee waiver through February 28, 2010; and
  • for the Russell U.S. Growth Fund and Russell Strategic Bond Fund, a contractual advisory fee waiver and/or reimbursement through February 28, 2010; and
  • for the Russell U.S. Growth Fund a contractual cap on expenses through February 28, 2010.
The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
Top
  
  

Russell Funds - Class S

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(RLISX) 		23.87  -0.11  -0.46%   
Return before taxes -2.34%  16.34%  26.35%  -7.65%  1.45%  -0.37%  10.23%  10/15/1981  0.86%  0.86% 
Pre-liquidation after tax returns 1,3 -2.39%  16.23%  26.08%  -7.90%  0.64%  -1.20%  7.20%  10/15/1981  0.86%  0.86% 
Post liquidation after tax returns 2,3 -1.52%  10.61%  17.10%  -4.90%  1.24%  -0.49%  7.29%  10/15/1981  0.86%  0.86% 
 
Russell U.S. Quantitative Equity
(REQTX) 		25.20  -0.09  -0.36%   
Return before taxes -1.41%  13.95%  19.57%  -9.74%  -0.19%  -0.43%  8.22%  5/29/1987  1.09%  1.09% 
Pre-liquidation after tax returns 1,3 -1.49%  13.81%  19.19%  -10.03%  -1.05%  -1.43%  6.20%  5/29/1987  1.09%  1.09% 
Post liquidation after tax returns 2,3 -0.92%  9.05%  12.68%  -6.27%  -0.08%  -0.54%  6.33%  5/29/1987  1.09%  1.09% 
 
Russell U.S. Growth
(RSGSX) 		6.94  -0.02  -0.29%   
Return before taxes -1.80%  13.61%  36.08%  -1.59%  -0.01%  --  -4.03%  1/31/2001  1.35%  1.17% 
Pre-liquidation after tax returns 1,3 -1.80%  13.61%  36.08%  -1.64%  -0.15%  --  -4.10%  1/31/2001  1.35%  1.17% 
Post liquidation after tax returns 2,3 -1.17%  8.84%  23.45%  -1.00%  0.03%  --  -3.31%  1/31/2001  1.35%  1.17% 
 
Russell U.S. Value
(RSVSX) 		6.91  -0.04  -0.58%   
Return before taxes -4.50%  22.47%  33.67%  -2.68%  -0.57%  --  0.21%  1/31/2001  1.15%  1.15% 
Pre-liquidation after tax returns 1,3 -4.55%  22.35%  33.30%  -3.11%  -1.79%  --  -0.62%  1/31/2001  1.15%  1.15% 
Post liquidation after tax returns 2,3 -2.92%  14.59%  21.83%  -1.65%  -0.42%  --  0.15%  1/31/2001  1.15%  1.15% 
 
Russell U.S. Small & Mid Cap
(RLESX) 		17.05  -0.07  -0.41%   
Return before taxes -5.86%  19.49%  23.64%  -10.14%  0.74%  4.84%  10.32%  12/28/1981  1.05%  1.05% 
Pre-liquidation after tax returns 1,3 -5.86%  19.49%  23.64%  -10.26%  -2.31%  2.58%  7.16%  12/28/1981  1.05%  1.05% 
Post liquidation after tax returns 2,3 -3.81%  12.67%  15.37%  -6.58%  0.32%  3.65%  7.47%  12/28/1981  1.05%  1.05% 
 
Russell International Developed Markets
(RINTX) 		30.32  -0.26  -0.85%   
Return before taxes -3.48%  19.45%  27.56%  0.50%  5.53%  2.62%  10.05%  1/31/1983  1.07%  1.07% 
Pre-liquidation after tax returns 1,3 -3.48%  19.45%  27.56%  0.56%  4.07%  1.51%  7.84%  1/31/1983  1.07%  1.07% 
Post liquidation after tax returns 2,3 -2.26%  12.64%  17.91%  0.38%  4.66%  2.04%  7.91%  1/31/1983  1.07%  1.07% 
 
Russell Global Equity
(RGESX) 		7.70  -0.05  -0.65%   
Return before taxes -1.35%  17.22%  33.68%  -1.75%  --  --  -9.30%  3/1/2007  1.32%  1.32% 
Pre-liquidation after tax returns 1,3 -1.35%  17.22%  33.68%  -1.53%  --  --  -9.49%  3/1/2007  1.32%  1.32% 
Post liquidation after tax returns 2,3 -0.88%  11.19%  21.89%  -0.54%  --  --  -7.74%  3/1/2007  1.32%  1.32% 
 
Russell Emerging Markets
(REMSX) 		17.58  -0.08  -0.45%   
Return before taxes -1.43%  23.22%  77.94%  19.17%  17.20%  11.49%  7.48%  1/29/1993  1.62%  1.62% 
Pre-liquidation after tax returns 1,3 -1.43%  23.22%  77.94%  19.82%  15.75%  10.73%  6.76%  1/29/1993  1.62%  1.62% 
Post liquidation after tax returns 2,3 -0.93%  15.09%  50.66%  14.19%  15.28%  10.32%  6.53%  1/29/1993  1.62%  1.62% 
 
Russell Strategic Bond
(RFCTX) 		10.41  0.00  0.00%   
Return before taxes 1.49%  8.46%  18.38%  11.91%  4.10%  5.75%  6.11%  1/29/1993  0.82%  0.73% 
Pre-liquidation after tax returns 1,3 1.38%  7.98%  16.53%  9.79%  2.41%  3.77%  3.85%  1/29/1993  0.82%  0.73% 
Post liquidation after tax returns 2,3 0.97%  5.49%  11.82%  7.64%  2.51%  3.71%  3.83%  1/29/1993  0.82%  0.73% 
 
Russell Investment Grade Bond
(RFATX) 		21.41  0.01  0.05%   
Return before taxes 1.51%  6.87%  15.04%  13.83%  4.51%  5.90%  8.91%  10/15/1981  0.58%  0.58% 
Pre-liquidation after tax returns 1,3 1.40%  6.46%  13.18%  11.75%  2.70%  3.82%  5.49%  10/15/1981  0.58%  0.58% 
Post liquidation after tax returns 2,3 0.98%  4.45%  9.67%  8.86%  2.78%  3.80%  5.49%  10/15/1981  0.58%  0.58% 
 
Russell Short Duration Bond
(RFBSX) 		18.91  0.00  0.00%   
Return before taxes 0.79%  4.20%  13.04%  9.39%  3.53%  4.42%  7.23%  10/30/1981  0.81%  0.73% 
Pre-liquidation after tax returns 1,3 0.70%  3.84%  11.52%  7.62%  2.15%  2.87%  4.21%  10/30/1981  0.81%  0.73% 
Post liquidation after tax returns 2,3 0.51%  2.72%  8.41%  6.02%  2.19%  2.83%  4.22%  10/30/1981  0.81%  0.73% 
 
Russell Tax Exempt Bond
(RLVSX) 		22.03  0.02  0.09%   
Return before taxes -1.56%  5.38%  9.05%  11.51%  3.88%  4.55%  4.87%  9/5/1985  0.62%  0.54% 
Pre-liquidation after tax returns 1,3 -1.56%  5.38%  9.05%  11.50%  3.02%  3.91%  4.60%  9/5/1985  0.62%  0.54% 
Post liquidation after tax returns 2,3 -0.92%  3.82%  6.92%  8.78%  2.96%  3.81%  4.55%  9/5/1985  0.62%  0.54% 
 
Russell Tax-Managed U.S. Large Cap
(RETSX) 		16.43  -0.06  -0.36%   
Return before taxes -2.07%  16.86%  29.57%  -4.32%  -0.10%  -0.99%  4.40%  10/7/1996  1.05%  0.97% 
Pre-liquidation after tax returns 1,3 -2.07%  16.86%  29.57%  -4.55%  -0.24%  -1.17%  4.21%  10/7/1996  1.05%  0.97% 
Post liquidation after tax returns 2,3 -1.35%  10.96%  19.22%  -2.60%  -0.07%  -0.89%  3.78%  10/7/1996  1.05%  0.97% 
 
Russell Tax-Managed U.S. Mid & Small Cap
(RTSSX) 		11.01  -0.04  -0.36%   
Return before taxes -6.12%  20.02%  24.27%  -5.88%  3.73%  --  2.36%  11/30/1999  1.43%  1.26% 
Pre-liquidation after tax returns 1,3 -6.12%  20.02%  24.27%  -6.06%  3.36%  --  2.17%  11/30/1999  1.43%  1.26% 
Post liquidation after tax returns 2,3 -3.98%  13.01%  15.77%  -3.75%  3.20%  --  2.03%  11/30/1999  1.43%  1.26% 
 
Russell Real Estate Securities
(RRESX) 		28.24  -0.17  -0.60%   
Return before taxes -3.93%  29.86%  20.74%  -25.28%  2.36%  10.17%  9.77%  7/28/1989  1.11%  1.11% 
Pre-liquidation after tax returns 1,3 -4.12%  29.61%  19.38%  -26.26%  0.10%  7.88%  7.28%  7/28/1989  1.11%  1.11% 
Post liquidation after tax returns 2,3 -2.56%  19.37%  13.21%  -16.58%  1.58%  8.02%  7.32%  7/28/1989  1.11%  1.11% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

On October 15, 2007, the Diversified Bond Fund was closed to all new and existing shareholders. On October 22, 2007 the Diversified Bond Fund was merged into the Fixed Income I Fund. For more information, please contact your financial professional.

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of:
  • for the Russell Strategic Bond Fund, Russell Short Duration Bond Fund, Russell Tax Exempt Bond Fund, Russell Tax-Managed U.S. Mid & Small Cap Fund and Russell Tax-Managed U.S. Large Cap Fund, a contractual transfer agency fee waiver through February 28, 2010; and
  • for the Russell U.S. Growth Fund, Russell Srategic Bond Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual advisory fee waiver and/or reimbursement through February 28, 2010; and
  • for the Russell U.S. Growth Fund and Russell Tax-Managed U.S. Mid & Small Cap Fund, a contractual cap on expenses through February 28, 2010.
The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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Russell Funds - Class Y

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.

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Russell U.S. Core Equity
(REAYX) 		23.85  -0.12  -0.50%   
Return before taxes -2.34%  16.44%  26.54%  -7.47%  1.54%  -0.29%  10.26%  10/15/1981  0.68%  0.68% 
Pre-liquidation after tax returns 1,3 -2.41%  16.32%  26.21%  -7.75%  0.71%  -1.14%  7.23%  10/15/1981  0.68%  0.68% 
Post liquidation after tax returns 2,3 -1.52%  10.68%  17.21%  -4.77%  1.30%  -0.44%  7.32%  10/15/1981  0.68%  0.68% 
 
Russell U.S. Quantitative Equity
(REUYX) 		25.20  -0.08  -0.32%   
Return before taxes -1.37%  14.00%  19.78%  -9.58%  -0.12%  -0.36%  8.25%  5/29/1987  0.91%  0.91% 
Pre-liquidation after tax returns 1,3 -1.47%  13.85%  19.34%  -9.90%  -1.00%  -1.38%  6.22%  5/29/1987  0.91%  0.91% 
Post liquidation after tax returns 2,3 -0.89%  9.08%  12.81%  -6.16%  -0.03%  -0.49%  6.35%  5/29/1987  0.91%  0.91% 
 
Russell U.S. Small & Mid Cap
(REBYX) 		17.06  -0.07  -0.41%   
Return before taxes -5.86%  19.57%  23.80%  -10.02%  0.84%  4.95%  10.36%  12/28/1981  0.87%  0.87% 
Pre-liquidation after tax returns 1,3 -5.86%  19.57%  23.80%  -10.16%  -2.24%  2.65%  7.19%  12/28/1981  0.87%  0.87% 
Post liquidation after tax returns 2,3 -3.81%  12.72%  15.47%  -6.50%  0.38%  3.73%  7.50%  12/28/1981  0.87%  0.87% 
 
Russell International Developed Markets
(RINYX) 		30.38  -0.26  -0.85%   
Return before taxes -3.44%  19.45%  27.75%  0.67%  5.61%  2.70%  10.08%  1/31/1983  0.89%  0.89% 
Pre-liquidation after tax returns 1,3 -3.44%  19.45%  27.75%  0.74%  4.17%  1.55%  7.74%  1/31/1983  0.89%  0.89% 
Post liquidation after tax returns 2,3 -2.24%  12.65%  18.04%  0.50%  4.75%  2.07%  7.81%  1/31/1983  0.89%  0.89% 
 
Russell Global Equity
(RLGYX) 		7.71  -0.05  -0.64%   
Return before taxes -1.21%  17.22%  33.85%  -1.66%  --  --  -9.26%  3/1/2007  1.15%  1.15% 
Pre-liquidation after tax returns 1,3 -1.21%  17.22%  33.85%  -1.94%  --  --  -9.63%  3/1/2007  1.15%  1.15% 
Post liquidation after tax returns 2,3 -0.79%  11.19%  22.01%  -0.91%  --  --  -7.87%  3/1/2007  1.15%  1.15% 
 
Russell Emerging Markets
(REMYX) 		17.61  -0.08  -0.45%   
Return before taxes -1.43%  23.26%  78.24%  19.39%  17.24%  11.51%  7.49%  1/29/1993  1.45%  1.45% 
Pre-liquidation after tax returns 1,3 -1.43%  23.26%  78.24%  18.68%  15.53%  10.62%  6.69%  1/29/1993  1.45%  1.45% 
Post liquidation after tax returns 2,3 -0.93%  15.12%  50.86%  13.17%  15.08%  10.23%  6.48%  1/29/1993  1.45%  1.45% 
 
Russell Strategic Bond
(RFCYX) 		10.31  0.00  0.00%   
Return before taxes 1.42%  8.48%  18.47%  11.97%  4.13%  5.77%  6.11%  1/29/1993  0.64%  0.57% 
Pre-liquidation after tax returns 1,3 1.30%  7.98%  16.55%  9.77%  2.36%  3.74%  3.84%  1/29/1993  0.64%  0.57% 
Post liquidation after tax returns 2,3 0.92%  5.50%  11.87%  7.67%  2.48%  3.70%  3.82%  1/29/1993  0.64%  0.57% 
 
Russell Investment Grade Bond
(RFAYX) 		21.43  0.00  0.00%   
Return before taxes 1.48%  6.96%  15.19%  14.06%  4.62%  5.99%  8.94%  10/15/1981  0.41%  0.41% 
Pre-liquidation after tax returns 1,3 1.36%  6.54%  13.28%  11.91%  2.77%  3.88%  5.52%  10/15/1981  0.41%  0.41% 
Post liquidation after tax returns 2,3 0.96%  4.51%  9.76%  9.01%  2.85%  3.86%  5.51%  10/15/1981  0.41%  0.41% 
 
Russell Short Duration Bond
(RSBYX) 		18.91  0.00  0.00%   
Return before taxes 0.85%  4.16%  13.13%  9.50%  3.55%  4.43%  7.23%  10/30/1981  0.64%  0.64% 
Pre-liquidation after tax returns 1,3 0.76%  3.80%  11.57%  7.69%  2.16%  2.87%  4.21%  10/30/1981  0.64%  0.64% 
Post liquidation after tax returns 2,3 0.55%  2.70%  8.46%  6.09%  2.21%  2.83%  4.22%  10/30/1981  0.64%  0.64% 
 
Russell Real Estate Securities
(RREYX) 		28.24  -0.17  -0.60%   
Return before taxes -3.96%  29.97%  20.89%  -25.14%  2.40%  10.19%  9.78%  7/28/1989  0.93%  0.93% 
Pre-liquidation after tax returns 1,3 -4.16%  29.69%  19.48%  -26.16%  0.13%  7.90%  7.29%  7/28/1989  0.93%  0.93% 
Post liquidation after tax returns 2,3 -2.58%  19.43%  13.30%  -16.49%  1.61%  8.03%  7.33%  7/28/1989  0.93%  0.93% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the Russell Strategic Bond Fund, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
Top
  
  

LifePoints Funds Target Portfolio Series - Class R1

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLRX) 		9.99  -0.01  -0.10%   
Return before taxes 0.61%  9.48%  19.47%  8.01%  3.40%  4.31%  4.56%  11/7/1997  1.13%  0.91% 
Pre-liquidation after tax returns 1,3 0.32%  9.08%  18.11%  6.04%  1.87%  2.71%  2.93%  11/7/1997  1.13%  0.91% 
Post liquidation after tax returns 2,3 0.39%  6.14%  12.55%  5.15%  2.09%  2.76%  2.95%  11/7/1997  1.13%  0.91% 
 
Moderate Strategy
(RMLRX) 		9.81  -0.02  -0.20%   
Return before taxes -0.17%  12.28%  22.68%  5.54%  3.37%  4.05%  4.40%  10/2/1997  1.17%  0.97% 
Pre-liquidation after tax returns 1,3 -0.40%  11.93%  21.51%  3.64%  1.97%  2.61%  2.88%  10/2/1997  1.17%  0.97% 
Post liquidation after tax returns 2,3 -0.11%  7.96%  14.64%  3.67%  2.21%  2.68%  2.93%  10/2/1997  1.17%  0.97% 
 
Balanced Strategy
(RBLRX) 		9.49  -0.03  -0.32%   
Return before taxes -1.05%  14.25%  24.53%  2.15%  3.66%  3.96%  4.55%  9/16/1997  1.22%  1.03% 
Pre-liquidation after tax returns 1,3 -1.21%  13.99%  23.63%  0.22%  2.26%  2.58%  3.02%  9/16/1997  1.22%  1.03% 
Post liquidation after tax returns 2,3 -0.68%  9.24%  15.85%  1.96%  2.57%  2.71%  3.11%  9/16/1997  1.22%  1.03% 
 
Growth Strategy
(RALRX) 		8.83  -0.04  -0.45%   
Return before taxes -1.84%  16.08%  25.95%  -1.80%  3.25%  3.02%  3.80%  9/16/1997  1.29%  1.10% 
Pre-liquidation after tax returns 1,3 -1.92%  15.91%  25.33%  -3.72%  1.98%  1.86%  2.46%  9/16/1997  1.29%  1.10% 
Post liquidation after tax returns 2,3 -1.19%  10.43%  16.79%  -0.16%  2.39%  2.10%  2.65%  9/16/1997  1.29%  1.10% 
 
Equity Growth Strategy
(RELRX) 		8.16  -0.04  -0.49%   
Return before taxes -2.51%  18.00%  27.26%  -6.11%  2.73%  2.03%  3.02%  9/30/1997  1.36%  1.16% 
Pre-liquidation after tax returns 1,3 -2.51%  17.96%  26.93%  -7.73%  1.67%  1.04%  1.82%  9/30/1997  1.36%  1.16% 
Post liquidation after tax returns 2,3 -1.63%  11.70%  17.67%  -2.83%  2.14%  1.41%  2.11%  9/30/1997  1.36%  1.16% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
Top
  
  

LifePoints Funds Target Portfolio Series - Class R2

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLTX) 		9.95  -0.01  -0.10%   
Return before taxes 0.53%  9.39%  19.11%  7.71%  3.15%  4.05%  4.35%  11/7/1997  1.38%  1.16% 
Pre-liquidation after tax returns 1,3 0.27%  9.04%  17.86%  5.85%  1.70%  2.53%  2.78%  11/7/1997  1.38%  1.16% 
Post liquidation after tax returns 2,3 0.34%  6.09%  12.33%  4.97%  1.92%  2.59%  2.81%  11/7/1997  1.38%  1.16% 
 
Moderate Strategy
(RMLTX) 		9.78  -0.02  -0.20%   
Return before taxes -0.25%  12.24%  22.36%  5.27%  3.24%  3.87%  4.26%  10/2/1997  1.42%  1.22% 
Pre-liquidation after tax returns 1,3 -0.45%  11.96%  21.32%  3.50%  1.87%  2.47%  2.77%  10/2/1997  1.42%  1.22% 
Post liquidation after tax returns 2,3 -0.16%  7.94%  14.44%  3.50%  2.11%  2.55%  2.82%  10/2/1997  1.42%  1.22% 
 
Balanced Strategy
(RBLTX) 		9.43  -0.03  -0.32%   
Return before taxes -1.13%  14.16%  24.20%  1.92%  3.42%  3.70%  4.34%  9/16/1997  1.47%  1.28% 
Pre-liquidation after tax returns 1,3 -1.27%  13.96%  23.42%  0.10%  2.10%  2.39%  2.86%  9/16/1997  1.47%  1.28% 
Post liquidation after tax returns 2,3 -0.74%  9.19%  15.65%  1.83%  2.40%  2.53%  2.97%  9/16/1997  1.47%  1.28% 
 
Growth Strategy
(RALTX) 		8.79  -0.04  -0.45%   
Return before taxes -1.81%  15.90%  25.79%  -2.11%  3.00%  2.77%  3.59%  9/16/1997  1.54%  1.35% 
Pre-liquidation after tax returns -1.86%  15.78%  25.28%  -3.93%  1.80%  1.67%  2.31%  9/16/1997  1.54%  1.35% 
Post liquidation after tax returns -1.17%  10.32%  16.70%  -0.35%  2.21%  1.92%  2.50%  9/16/1997  1.54%  1.35% 
 
Equity Growth Strategy
(RELTX) 		8.01  -0.05  -0.62%   
Return before taxes -2.68%  17.90%  26.92%  -6.21%  2.50%  1.77%  2.80%  9/30/1997  1.61%  1.41% 
Pre-liquidation after tax returns 1,3 -2.68%  17.89%  26.65%  -7.79%  1.47%  0.81%  1.62%  9/30/1997  1.61%  1.41% 
Post liquidation after tax returns 2,3 -1.74%  11.63%  17.45%  -2.88%  1.96%  1.20%  1.93%  9/30/1997  1.61%  1.41% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
Top
  
  

LifePoints Funds Target Portfolio Series - Class R3

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLDX) 		9.99  -0.01  -0.10%   
Return before taxes 0.44%  9.46%  18.96%  7.57%  2.91%  3.82%  4.11%  11/7/1997  1.63%  1.41% 
Pre-liquidation after tax returns 1,3 0.22%  9.11%  17.79%  5.79%  1.55%  2.39%  2.64%  11/7/1997  1.63%  1.41% 
Post liquidation after tax returns 2,3 0.29%  6.13%  12.24%  4.88%  1.77%  2.44%  2.66%  11/7/1997  1.63%  1.41% 
 
Moderate Strategy
(RMLDX) 		9.80  -0.03  -0.31%   
Return before taxes -0.23%  12.14%  22.03%  4.99%  2.99%  3.62%  4.01%  10/2/1997  1.67%  1.47% 
Pre-liquidation after tax returns 1,3 -0.41%  11.84%  21.04%  3.27%  1.70%  2.32%  2.62%  10/2/1997  1.67%  1.47% 
Post liquidation after tax returns 1,2 -0.15%  7.87%  14.23%  3.32%  1.94%  2.40%  2.67%  10/2/1997  1.67%  1.47% 
 
Balanced Strategy
(RBLDX) 		9.44  -0.03  -0.32%   
Return before taxes -1.11%  14.18%  23.99%  1.73%  3.16%  3.45%  4.11%  9/16/1997  1.72%  1.53% 
Pre-liquidation after tax returns 1,3 -1.21%  13.97%  23.28%  -0.03%  1.92%  2.22%  2.71%  9/16/1997  1.72%  1.53% 
Post liquidation after tax returns 2,3 -0.72%  9.20%  15.52%  1.70%  2.23%  2.36%  2.81%  9/16/1997  1.72%  1.53% 
 
Growth Strategy
(RALDX) 		8.80  -0.04  -0.45%   
Return before taxes -1.89%  15.85%  25.36%  -2.33%  2.72%  2.52%  3.35%  9/16/1997  1.79%  1.60% 
Pre-liquidation after tax returns 1,3 -1.92%  15.74%  24.92%  -4.09%  1.60%  1.51%  2.15%  9/16/1997  1.79%  1.60% 
Post liquidation after tax returns 2,3 -1.23%  10.29%  16.43%  -0.50%  2.01%  1.75%  2.34%  9/16/1997  1.79%  1.60% 
 
Equity Growth Strategy
(RELDX) 		7.97  -0.04  -0.50%   
Return before taxes -2.69%  17.80%  26.58%  -6.43%  2.24%  1.52%  2.56%  9/30/1997  1.86%  1.66% 
Pre-liquidation after tax returns 1,3 -2.69%  17.80%  26.34%  -7.96%  1.26%  0.62%  1.45%  9/30/1997  1.86%  1.66% 
Post liquidation after tax returns 2,3 -1.75%  11.57%  17.24%  -3.03%  1.76%  1.02%  1.77%  9/30/1997  1.86%  1.66% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Portfolio Series - Class A

LifePoints Class A Funds are subject to a sales charge. The returns below are shown both with and without the maximum sales charge of 5.75%. Performance not reflecting the sales charge would be lower if the charge was included.
A 1.00% deferred sales charge applies to $1million and over purchases redeemed within the first 12 months.

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLAX) 		9.93  -0.01  -0.10%   
Return before taxes 4 -5.27%  3.19%  12.40%  1.45%  1.93%  3.44%  3.83%  11/7/1997  1.38%  1.16% 
Pre-liquidation after tax returns 1,3,4 -5.51%  2.84%  11.20%  -0.33%  0.49%  1.92%  2.26%  11/7/1997  1.38%  1.16% 
Post liquidation after tax returns 2,3,4 -3.42%  2.06%  7.97%  0.90%  0.88%  2.05%  2.35%  11/7/1997  1.38%  1.16% 
Return before taxes without sales charge deducted 0.53%  9.46%  19.21%  7.67%  3.15%  4.06%  4.35%  11/7/1997  1.38%  1.16% 
 
Moderate Strategy
(RMLAX) 		9.77  -0.02  -0.20%   
Return before taxes 4 -6.01%  5.77%  15.33%  -0.76%  2.04%  3.27%  3.76%  10/2/1997  1.42%  1.22% 
Pre-liquidation after tax returns 1,3,4 -6.20%  5.47%  14.31%  -2.47%  0.67%  1.87%  2.27%  10/2/1997  1.42%  1.22% 
Post liquidation after tax returns 2,3,4 -3.91%  3.73%  9.87%  -0.42%  1.08%  2.03%  2.38%  10/2/1997  1.42%  1.22% 
Return before taxes without sales charge deducted -0.25%  12.25%  22.37%  5.28%  3.25%  3.89%  4.27%  10/2/1997  1.42%  1.22% 
 
Balanced Strategy
(RBLAX) 		9.41  -0.04  -0.42%   
Return before taxes 4 -6.78%  7.56%  17.06%  -3.95%  2.20%  3.09%  3.83%  9/16/1997  1.47%  1.28% 
Pre-liquidation after tax returns 1,3,4 -6.90%  7.34%  16.30%  -5.70%  0.89%  1.78%  2.36%  9/16/1997  1.47%  1.28% 
Post liquidation after tax returns 2,3,4 -4.40%  4.89%  11.01%  -2.03%  1.36%  1.99%  2.51%  9/16/1997  1.47%  1.28% 
Return before taxes without sales charge deducted -1.14%  14.15%  24.19%  1.89%  3.41%  3.71%  4.34%  9/16/1997  1.47%  1.28% 
 
Growth Strategy
(RALAX) 		8.77  -0.04  -0.45%   
Return before taxes 4 -7.41%  9.38%  18.51%  -7.67%  1.76%  2.16%  3.08%  9/16/1997  1.54%  1.35% 
Pre-liquidation after tax returns 1,3,4 -7.47%  9.24%  18.01%  -9.40%  0.57%  1.06%  1.80%  9/16/1997  1.54%  1.35% 
Post liquidation after tax returns 2,3,4 -4.82%  6.08%  11.97%  -4.02%  1.14%  1.39%  2.05%  9/16/1997  1.54%  1.35% 
Return before taxes without sales charge deducted -1.81%  15.99%  25.73%  -2.08%  2.98%  2.77%  3.59%  9/16/1997  1.54%  1.35% 
 
Equity Growth Strategy
(REAAX) 		8.18  -0.04  -0.49%   
Return before taxes 4 -8.24%  11.29%  19.62%  -11.62%  1.28%  1.34%  2.44%  9/30/1997  1.61%  1.41% 
Pre-liquidation after tax returns 1,3,4 -8.24%  11.28%  19.37%  -13.07%  0.29%  0.39%  1.27%  9/30/1997  1.61%  1.41% 
Post liquidation after tax returns 2,3,4 -5.35%  7.34%  12.71%  -6.48%  0.92%  0.83%  1.62%  9/30/1997  1.61%  1.41% 
Return before taxes without sales charge deducted -2.62%  18.01%  27.01%  -6.21%  2.49%  1.95%  2.95%  9/30/1997  1.61%  1.41% 
 
NAVs do not reflect deduction of sales charges (maximum 5.75%) on LifePoints Class A shares. If reflected, the performance quoted would be lower.

Fund performance is calculated based on the SEC standardized method. Performance is reported net of fund advisory and administrative fees, Rule 12b-1 distribution fees; and gross of any financial intermediary fees. Performance for periods prior to the commenced operation of the Class A shares is that of the Fund's Class E shares. Class E shares and Class A shares have comparable fees and expenses. Each Fund commenced operation of its Class A Shares on the following dates: Balanced Strategy Fund, Equity Growth Strategy Fund - March 04, 2003; Growth Strategy Fund - March 10, 2003; Moderate Strategy Fund - March 05, 2003; Conservative Strategy Fund - March 03, 2003. Refer to the Prospectus for additional information.

1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

4 Reflects deduction of the maximum sales charge of 5.75%. Class E performance for periods prior to the commenced operation of the Class A shares has been adjusted to reflect the Class A maximum sales charge of 5.75%.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Portfolio Series - Class C

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLCX) 		9.88  -0.01  -0.10%   
Return before taxes 0.50%  9.21%  18.34%  6.93%  2.38%  3.29%  3.63%  11/7/1997  2.13%  1.91% 
Pre-liquidation after tax returns 1,3 0.33%  8.90%  17.31%  5.31%  1.18%  2.03%  2.30%  11/7/1997  2.13%  1.91% 
Post liquidation after tax returns 2,3 0.33%  5.97%  11.84%  4.48%  1.41%  2.09%  2.34%  11/7/1997  2.13%  1.91% 
 
Moderate Strategy
(RMLCX) 		9.71  -0.03  -0.31%   
Return before taxes -0.29%  11.89%  21.49%  4.40%  2.45%  3.10%  3.56%  10/2/1997  2.17%  1.97% 
Pre-liquidation after tax returns 1,3 -0.41%  11.63%  20.67%  2.85%  1.32%  1.95%  2.29%  10/2/1997  2.17%  1.97% 
Post liquidation after tax returns 2,3 -0.19%  7.71%  13.89%  2.95%  1.57%  2.04%  2.36%  10/2/1997  2.17%  1.97% 
 
Balanced Strategy
(RBLCX) 		9.35  -0.04  -0.43%   
Return before taxes -1.17%  14.06%  23.30%  1.22%  2.65%  2.95%  3.64%  9/16/1997  2.22%  2.03% 
Pre-liquidation after tax returns 1,3 -1.22%  13.90%  22.76%  -0.37%  1.56%  1.88%  2.38%  9/16/1997  2.22%  2.03% 
Post liquidation after tax returns 2,3 -0.76%  9.13%  15.08%  1.39%  1.87%  2.02%  2.49%  9/16/1997  2.22%  2.03% 
 
Growth Strategy
(RALCX) 		8.69  -0.04  -0.46%   
Return before taxes -1.88%  15.80%  25.00%  -2.75%  2.22%  2.00%  2.88%  9/16/1997  2.29%  2.10% 
Pre-liquidation after tax returns 1,3 -1.88%  15.73%  24.70%  -4.37%  1.24%  1.13%  1.81%  9/16/1997  2.29%  2.10% 
Post liquidation after tax returns 2,3 -1.22%  10.26%  16.21%  -0.76%  1.65%  1.39%  2.01%  9/16/1997  2.29%  2.10% 
 
Equity Growth Strategy
(RELCX) 		7.62  -0.04  -0.52%   
Return before taxes -2.68%  17.64%  26.10%  -6.98%  1.73%  1.00%  2.11%  9/30/1997  2.36%  2.16% 
Pre-liquidation after tax returns 1,3 -2.68%  17.64%  25.90%  -8.50%  0.77%  0.14%  1.03%  9/30/1997  2.36%  2.16% 
Post liquidation after tax returns 2,3 -1.74%  11.46%  16.93%  -3.36%  1.33%  0.61%  1.40%  9/30/1997  2.36%  2.16% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Portfolio Series - Class E

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLEX) 		9.96  -0.01  -0.10%   
Return before taxes 0.53%  9.43%  19.14%  7.75%  3.16%  4.06%  4.35%  11/7/1997  1.38%  1.16% 
Pre-liquidation after tax returns 1,3 0.27%  9.06%  17.87%  5.87%  1.71%  2.54%  2.78%  11/7/1997  1.38%  1.16% 
Post liquidation after tax returns 2,3 0.34%  6.11%  12.34%  4.99%  1.94%  2.59%  2.81%  11/7/1997  1.38%  1.16% 
 
Moderate Strategy
(RMLEX) 		9.77  -0.02  -0.20%   
Return before taxes -0.26%  12.12%  22.36%  5.27%  3.23%  3.87%  4.25%  10/2/1997  1.42%  1.22% 
Pre-liquidation after tax returns 1,3 -0.46%  11.80%  21.28%  3.46%  1.86%  2.46%  2.76%  10/2/1997  1.42%  1.22% 
Post liquidation after tax returns 2,3 -0.17%  7.85%  14.44%  3.50%  2.10%  2.55%  2.82%  10/2/1997  1.42%  1.22% 
 
Balanced Strategy
(RBLEX) 		9.44  -0.03  -0.32%   
Return before taxes -1.03%  14.11%  24.25%  1.88%  3.42%  3.70%  4.34%  9/16/1997  1.47%  1.28% 
Pre-liquidation after tax returns 1,3 -1.16%  13.88%  23.45%  0.04%  2.09%  2.39%  2.86%  9/16/1997  1.47%  1.28% 
Post liquidation after tax returns 2,3 -0.67%  9.15%  15.68%  1.79%  2.40%  2.53%  2.96%  9/16/1997  1.47%  1.28% 
 
Growth Strategy
(RALEX) 		8.78  -0.04  -0.45%   
Return before taxes -1.93%  16.10%  25.69%  -1.97%  3.01%  2.77%  3.59%  9/16/1997  1.54%  1.35% 
Pre-liquidation after tax returns 1,3 -1.98%  15.96%  25.16%  -3.81%  1.81%  1.67%  2.31%  9/16/1997  1.54%  1.35% 
Post liquidation after tax returns 2,3 -1.25%  10.45%  16.63%  -0.26%  2.22%  1.92%  2.50%  9/16/1997  1.54%  1.35% 
 
Equity Growth Strategy
(RELEX) 		8.01  -0.04  -0.50%   
Return before taxes -2.55%  17.94%  26.93%  -6.32%  2.48%  1.76%  2.79%  9/30/1997  1.61%  1.41% 
Pre-liquidation after tax returns 1,3 -2.55%  17.92%  26.66%  -7.90%  1.45%  0.80%  1.62%  9/30/1997  1.61%  1.41% 
Post liquidation after tax returns 2,3 -1.66%  11.66%  17.46%  -2.95%  1.94%  1.20%  1.93%  9/30/1997  1.61%  1.41% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Portfolio Series - Class S

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
Conservative Strategy
(RCLSX) 		9.99  -0.01  -0.10%   
Return before taxes 0.51%  9.58%  19.46%  8.00%  3.42%  4.32%  4.57%  11/7/1997  1.13%  0.91% 
Pre-liquidation after tax returns 1,3 0.22%  9.18%  18.11%  6.03%  1.89%  2.72%  2.93%  11/7/1997  1.13%  0.91% 
Post liquidation after tax returns 2,3 0.33%  6.20%  12.55%  5.15%  2.11%  2.77%  2.96%  11/7/1997  1.13%  0.91% 
 
Moderate Strategy
(RMLSX) 		9.80  -0.02  -0.20%   
Return before taxes -0.28%  12.27%  22.53%  5.53%  3.51%  4.12%  4.46%  10/2/1997  1.17%  0.97% 
Pre-liquidation after tax returns 1,3 -0.51%  11.92%  21.37%  3.63%  2.04%  2.64%  2.91%  10/2/1997  1.17%  0.97% 
Post liquidation after tax returns 2,3 -0.18%  7.95%  14.54%  3.66%  2.28%  2.72%  2.96%  10/2/1997  1.17%  0.97% 
 
Balanced Strategy
(RBLSX) 		9.49  -0.03  -0.32%   
Return before taxes -1.16%  14.36%  24.51%  2.24%  3.68%  3.97%  4.56%  9/16/1997  1.22%  1.03% 
Pre-liquidation after tax returns 1,3 -1.31%  14.10%  23.62%  0.32%  2.28%  2.58%  3.03%  9/16/1997  1.22%  1.03% 
Post liquidation after tax returns 2,3 -0.75%  9.31%  15.84%  2.02%  2.58%  2.72%  3.12%  9/16/1997  1.22%  1.03% 
 
Growth Strategy
(RALSX) 		8.84  -0.04  -0.45%   
Return before taxes -1.84%  16.06%  26.08%  -1.81%  3.25%  3.02%  3.80%  9/16/1997  1.29%  1.10% 
Pre-liquidation after tax returns 1,3 -1.92%  15.90%  25.47%  -3.72%  1.98%  1.86%  2.46%  9/16/1997  1.29%  1.10% 
Post liquidation after tax returns 2,3 -1.19%  10.43%  16.88%  -0.17%  2.39%  2.10%  2.65%  9/16/1997  1.29%  1.10% 
 
Equity Growth Strategy
(RELSX) 		8.16  -0.05  -0.61%   
Return before taxes -2.63%  17.96%  27.24%  -6.01%  2.75%  2.04%  3.03%  9/30/1997  1.36%  1.16% 
Pre-liquidation after tax returns 1,3 -2.63%  17.92%  26.92%  -7.62%  1.69%  1.05%  1.83%  9/30/1997  1.36%  1.16% 
Post liquidation after tax returns 2,3 -1.71%  11.67%  17.66%  -2.76%  2.16%  1.42%  2.12%  9/30/1997  1.36%  1.16% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Portfolio Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual advisory fee waiver and/or reimbursement through February 28, 2010 and a contractual cap on expenses through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Date Series - Class R1

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
2010 Strategy
(RJLRX) 		9.83  -0.02  -0.20%   
Return before taxes 0.05%  11.54%  21.85%  5.92%  --  --  3.18%  12/31/2004  1.48%  0.68% 
Pre-liquidation after tax returns 1,3 -0.22%  11.17%  20.55%  4.51%  --  --  1.98%  12/31/2004  1.48%  0.68% 
Post liquidation after tax returns 2,3 0.03%  7.47%  14.09%  3.75%  --  --  2.08%  12/31/2004  1.48%  0.68% 
 
2015 Strategy
(RKLRX) 		9.19  -0.02  -0.22%   
Return before taxes -0.39%  12.83%  23.52%  4.64%  --  --  -3.69%  3/31/2008  12.01%  0.71% 
Pre-liquidation after tax returns 1,3 -0.60%  12.49%  22.55%  3.58%  --  --  -4.57%  3/31/2008  12.01%  0.71% 
Post liquidation after tax returns 2,3 -0.25%  8.31%  15.20%  2.95%  --  --  -3.64%  3/31/2008  12.01%  0.71% 
 
2020 Strategy
(RLLRX) 		9.70  -0.03  -0.31%   
Return before taxes -0.78%  13.87%  24.31%  2.45%  --  --  2.33%  12/31/2004  1.38%  0.75% 
Pre-liquidation after tax returns 1,3 -0.98%  13.57%  23.23%  1.38%  --  --  1.34%  12/31/2004  1.38%  0.75% 
Post liquidation after tax returns 2,3 -0.51%  8.99%  15.69%  1.53%  --  --  1.50%  12/31/2004  1.38%  0.75% 
 
2025 Strategy
(RPLRX) 		8.61  -0.03  -0.35%   
Return before taxes -1.38%  15.26%  25.68%  -0.53%  --  --  -8.82%  3/31/2008  7.48%  0.79% 
Pre-liquidation after tax returns 1,3 -1.52%  15.04%  24.98%  -1.21%  --  --  -9.32%  3/31/2008  7.48%  0.79% 
Post liquidation after tax returns 2,3 -0.89%  9.90%  16.62%  -0.36%  --  --  -7.75%  3/31/2008  7.48%  0.79% 
 
2030 Strategy
(RRLRX) 		8.95  -0.04  -0.44%   
Return before taxes -2.15%  17.15%  26.98%  -3.67%  --  --  0.27%  12/31/2004  1.53%  0.86% 
Pre-liquidation after tax returns 1,3 -2.23%  17.01%  26.35%  -4.20%  --  --  -0.53%  12/31/2004  1.53%  0.86% 
Post liquidation after tax returns 2,3 -1.39%  11.13%  17.46%  -2.39%  --  --  -0.08%  12/31/2004  1.53%  0.86% 
 
2035 Strategy
(RVLRX) 		8.28  -0.04  -0.48%   
Return before taxes -2.23%  17.21%  27.39%  -3.07%  --  --  -11.74%  3/31/2008  7.80%  0.86% 
Pre-liquidation after tax returns 1,3 -2.31%  17.08%  26.91%  -3.51%  --  --  -12.04%  3/31/2008  7.80%  0.86% 
Post liquidation after tax returns 2,3 -1.45%  11.17%  17.75%  -1.98%  --  --  -10.09%  3/31/2008  7.80%  0.86% 
 
2040 Strategy
(RXLRX) 		9.01  -0.04  -0.44%   
Return before taxes -2.24%  17.17%  27.10%  -3.62%  --  --  0.43%  12/31/2004  1.62%  0.86% 
Pre-liquidation after tax returns 1,3 -2.33%  17.03%  26.47%  -4.04%  --  --  -0.31%  12/31/2004  1.62%  0.86% 
Post liquidation after tax returns 2,3 -1.46%  11.15%  17.53%  -2.40%  --  --  0.09%  12/31/2004  1.62%  0.86% 
 
2045 Strategy
(RWLRX) 		8.28  -0.04  -0.48%   
Return before taxes -2.10%  17.22%  27.34%  -3.18%  --  --  -11.66%  3/31/2008  7.57%  0.86% 
Pre-liquidation after tax returns 1,3 -2.18%  17.08%  26.81%  -3.64%  --  --  -11.98%  3/31/2008  7.57%  0.86% 
Post liquidation after tax returns 2,3 -1.36%  11.18%  17.71%  -2.06%  --  --  -10.03%  3/31/2008  7.57%  0.86% 
 
2050 Strategy
(RYLRX) 		8.39  -0.04  -0.47%   
Return before taxes -2.18%  17.13%  27.11%  -2.56%  --  --  -10.60%  3/31/2008  22.55%  0.86% 
Pre-liquidation after tax returns 1,3 -2.27%  16.99%  26.65%  -3.03%  --  --  -10.94%  3/31/2008  22.55%  0.86% 
Post liquidation after tax returns 2,3 -1.42%  11.12%  17.57%  -1.60%  --  --  -9.13%  3/31/2008  22.55%  0.86% 
 
In Retirement
(RZLRX) 		9.46  -0.01  -0.11%   
Return before taxes 0.06%  11.36%  21.46%  7.00%  --  --  -0.90%  3/31/2008  21.26%  0.68% 
Pre-liquidation after tax returns 1,3 -0.22%  10.98%  20.17%  5.73%  --  --  -2.04%  3/31/2008  21.26%  0.68% 
Post liquidation after tax returns 2,3 0.04%  7.36%  13.84%  4.49%  --  --  -1.41%  3/31/2008  21.26%  0.68% 
 
1 Return After Taxes on Distributions. Returns After Taxes on Distributions may be the same as Returns Before Taxes for the same period if there were no distributions for that period.

2 Return After Taxes on Distributions and Sale of Fund Shares. If a Fund has realized capital losses, the Return After Taxes on Distributions and Sale of Fund Shares may be higher than the Return Before taxes and the Return After Taxes on Distributions. The calculation of Return After Taxes on Distributions and Sale of Fund Shares assumes that a shareholder has sufficient capital gains of the same character to offset any capital losses on a sale of fund shares and that the shareholder may therefore deduct the entire capital loss.

3 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. After-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

For the LifePoints Funds Target Date Series, the Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses expected to be borne by shareholders after application of a contractual transfer agency fee waiver through February 28, 2010 and a contractual advisory fee waiver and/or reimbursement through February 28, 2010. The contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

See the prospectus
  
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LifePoints Funds Target Date Series - Class R2

As of
11/20/2009		 As of
10/31/2009		 As of
9/30/2009		 As of
11/20/2009		 Annualized Returns
9/30/2009		   Annual Fund
Operating Expenses
Fund Name NAV NAV
Chg 		NAV
% Chg 		Latest
Month 		Latest
Qtr. 		YTD 1
Year 		5
Years 		10
Years 		Incep. Incep.
Date 		Total Net
2010 Strategy
(RJLTX) 		9.82  -0.02  -0.20%   
Return before taxes 0.08%  11.46%  21.61%  5.77%  --  --  2.95%  12/31/2004  1.73%  0.93% 
Pre-liquidation after tax returns 1,3 -0.17%  11.12%  20.40%  4.45%  --  --  1.82%  12/31/2004  1.73%  0.93% 
Post liquidation after tax returns 2,3 0.05%  7.42%  13.94%  3.65%  --  --  1.92%  12/31/2004  1.73%  0.93% 
 
2015 Strategy
(RKLTX) 		9.18  -0.02  -0.22%   
Return before taxes -0.35%  12.78%  23.17%  4.32%  --  --  -3.92%  3/31/2008  12.26%  0.96% 
Pre-liquidation after tax returns 1,3 -0.54%  12.46%  22.28%  3.33%  --  --  -4.74%  3/31/2008  12.26%  0.96% 
Post liquidation after tax returns 2,3 -0.23%  8.28%  14.98%  2.74%  --  --  -3.80%  3/31/2008  12.26%  0.96% 
 
2020 Strategy
(RLLTX) 		9.69  -0.03  -0.31%   
Return before taxes -0.76%  13.80%  24.07%  2.19%  --  --  2.07%  12/31/2004  1.63%  1.00% 
Pre-liquidation after tax returns 1,3 -0.93%  13.54%  23.09%  1.21%  --  --  1.15%  12/31/2004  1.63%  1.00% 
Post liquidation after tax returns 2,3 -0.49%  8.95%  15.54%  1.36%  --  --  1.32%  12/31/2004  1.63%  1.00% 
 
2025 Strategy
(RPLTX) 		8.60  -0.04  -0.46%