This fund includes companies with earnings that may grow faster than the market predicts or those with earnings that are gaining momentum. The way we combine managers helps combat the potential increase in risk inherent in the nature of these investment strategies.
For example, one manager may emphasize the early identification of mid-cap companies with attractive niches that they believe are poised to become dominant large-cap growth companies. As a balance, we may include another manager that identifies stocks it believes have attractive long-term growth prospects and are under-appreciated by the market.
– Tereasa Gandhi
Allocation of fund assets As of 09/10/2009
% Allocated
Year assigned
Portfolio manager
Growth
Cornerstone Capital Management, Inc.
26%
2007
Thomas Kamp
Delaware Management Company (a series of Delaware Management Business Trust)
26%
2005
Jeffrey Van Harte
Suffolk Capital Management, LLC
13%
2007
Don Gilbert
Sustainable Growth Advisers, L.P.
14%
2006
George Fraise, Gordon Marchand, Rob Rohn
Turner Investment Partners, Inc.
21%
2000
Bob Turner
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.
Small capitalization (small cap) investments involve stocks of companies with smaller levels of market capitalization (generally less than $2 billion) than larger company stocks (large cap). Small cap investments are subject to considerable price fluctuations and are more volatile than large company stocks. Investors should consider the additional risks involved in small cap investments.
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 Select Growth Fund changed to Russell U.S. Growth 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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This fund includes companies with earnings that may grow faster than the market predicts or those with earnings that are gaining momentum. The way we combine managers helps combat the potential increase in risk inherent in the nature of these investment strategies.
