This fund combines managers invested in non-U.S. stock markets. Research indicates it is critical to manage an international fund's allocation to each country and sector with respect to the benchmark. Therefore, Russell allocates a portion of the fund's assets to country- and sector-constrained strategies, while maintaining a focus on active stock selection.
Generally, managers in the fund use a wide variety of strategies, including purchasing stocks of companies with strong balance sheets, consistent earnings growth and an expectation for improving earnings. The managers are combined to capture the benefits of these approaches while potentially improving the consistency of the fund's performance.
– Jim Jornlin
Allocation of fund assets As of 09/10/2009
% Allocated
Year assigned
Portfolio manager
Growth
Axiom International Investors, LLC
8%
2003
Andrew Jacobson
Marsico Capital Management, LLC
13%
2006
Jim Gendelman
UBS Global Asset Management (Americas), Inc.
7%
2007
Vincent Willyard
William Blair & Company, LLC
9%
2009
George Grieg, Dave Merjan
Market-oriented
AQR Capital Management, LLC
10%
2002
Cliff Asness
MFS Institutional Advisors, Inc.
12%
2005
David Mannheim, Marcus Smith
Value
Alliance Bernstein, L.P.
14%
1997
Kevin Simons
Mondrian Investment Partners Limited
14%
1999
Elizabeth Desmond
Pzena Investment Management, LLC
13%
2009
Caroline Cai, John Goetz, Michael Peterson
Managing money differently The Russell approach has been trusted for decades by many of the world's largest investors; our mutual funds allow you to employ that same approach. We identify investment managers we believe have exceptional capabilities, blend them to help manage risk through diversification, and constantly monitor them. Regardless of market conditions, Russell's investment approach remains constant.
Money managers listed are current as of 09/30/2009. Subject to the fund's board approval, Russell has the right to engage or terminate a money manager at any time and without a shareholder vote, based on an exemptive order from the Securities and Exchange Commission.
Non-U.S. markets and emerging or developing markets entail different risks than those typically associated with U.S. markets, including currency fluctuations, political and economic instability, accounting changes and foreign taxation. Non-U.S. securities may be less liquid and more volatile than the U.S., and emerging markets securities may be less liquid and more volatile than U.S. and longer-established non-U.S. markets.
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.
On September 2, 2008, the name of the International Fund changed to Russell International Developed Markets Fund.
Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets.
For more information on Russell Funds, contact your investment professional or plan administrator for assistance.
Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.
The Russell logo is a trademark and service mark of Russell Investments.
Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments. For information on the Financial Industry Regulatory Authority, go to www.finra.org.
Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this publication should not be acted upon without obtaining specific legal, tax, and investment advice from a licensed professional.
Products and services described on this website are intended for United States residents only. Information on this site should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside the United States may find more information about products and services available within their jurisdictions by going to Russell's Worldwide site.
This fund combines managers invested in non-U.S. stock markets. Research indicates it is critical to manage an international fund's allocation to each country and sector with respect to the benchmark. Therefore, Russell allocates a portion of the fund's assets to country- and sector-constrained strategies, while maintaining a focus on active stock selection.
