Russell carefully blends money managers for effectiveness during different phases of a market cycle. We belive this increases the fund's possibility of outperforming its benchmark in a wide variety of conditions. However, there is no guarantee this objective will be met.
Each manager offers a distinct perspective designed to enhance diversification. For example, some of our managers select stocks that they see as currently depressed in value relative to their future potential. Other managers concentrate on equities with earnings they believe are rising and a market price that's gaining momentum.
– Steve Skatrud
Allocation of fund assets As of 09/10/2009
% Allocated
Year assigned
Portfolio manager
Growth
BlackRock Capital Management, Inc.
11%
2009
Jeff Lindsay, Ed Dowd
Columbus Circle Investors
12%
2007
Anthony Rizza
Montag & Caldwell, Inc.
9%
2002
Team
Market-oriented
Arnhold and S. Bleichroeder Advisers, LLC
6%
2007
Colin Morris
Lazard Asset Management, LLC
10%
2009
Chris Blake
Russell Investment Management Company*
5%
2005
Brian Mock
Suffolk Capital Management, LLC
11%
2000
Don Gilbert
Value
Alliance Bernstein L.P.
6%
1998
John Mahedy
Institutional Capital, LLC
11%
2004
Jerry Senser
MFS Institutional Advisors, Inc.
11%
2001
Steve Gorham, Nevin Chitkara
Schneider Capital Management Corporation
8%
2004
Arnold Schneider III
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.
*The fund's adviser, Russell Investment Management Company (RIMCo), may employ a proprietary "select holdings" strategy in which it exercises investment discretion for a portion of the fund's assets it determines not to allocate to the money managers. The strategy is designed to increase the fund's exposure to stocks that are viewed as attractive by multiple money managers. The use of the select holdings strategy will amplify the fund's security risk and potential underperformance. In addition to managing this strategy, RIMCo performs other investment advisory functions for the funds.
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.
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 Equity I Fund changed to Russell U.S. Core Equity 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.
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Russell carefully blends money managers for effectiveness during different phases of a market cycle. We belive this increases the fund's possibility of outperforming its benchmark in a wide variety of conditions. However, there is no guarantee this objective will be met.
