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Russell U.S. Growth Fund Focusing on growth How to invest with Russell Fund objective Seeks to provide long-term capital growth Performance for the Russell U.S. Growth Fund has been corrected for the months ending October 31, 2011 and November 30, 2011 as a result of corrections to the Fund's net asset value resulting from a pricing error. OVERVIEW PERFORMANCE HOLDINGS & DETAILS MANAGERS More fund information Daily prices & standardized performance Prospectus & reports Printable fact sheet (PDF) Tax information Investment strategy Seeks to provide long-term capital growth. Emphasis on stocks expected to grow at above-average rates. Invests primarily in large- and mid-cap stocks, with some exposure to small- and micro-cap stocks. Fund highlights The fund's managers focus on a company's growth potential, and buy stocks they believe are poised to outperform their peers. Blends multiple growth managers to help manage the risk of using a single investment style. Invests in a full spectrum of growth stocks, from blue chips to technology. Characteristics As of 12/31/2011 Updated quarterly       Total net assets (All classes)   $63.1 million Net asset value (Class S)   $8.31     Cusip   Ticker Class C   782478846   RSGCX Class E   782478838   RSGEX Class I   782478820   RSGIX Class S   782478812   RSGSX Select a different Russell fund Russell Commodity Strategies Russell Emerging Markets Russell Global Equity Russell Global Infrastructure Russell Global Opportunistic Credit Russell Global Real Estate Securities Russell International Developed Markets Russell Investment Grade Bond Russell Money Market Russell Short Duration Bond Russell Strategic Bond Russell Tax Exempt Bond Russell Tax-Managed U.S. Large Cap Russell Tax-Managed U.S. Mid & Small Cap Russell U.S. Core Equity Russell U.S. Growth Russell U.S. Quantitative Equity Russell U.S. Small Cap Equity Russell U.S. Mid Cap Equity Russell U.S. Large Cap Equity Russell U.S. Value ----LifePoints® Funds---- Conservative Strategy Moderate Strategy Balanced Strategy Growth Strategy Equity Growth Strategy 2017 Retirement Distribution — S Shares 2017 Retirement Distribution — A Shares 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. 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. Copyright © Russell Investments 2007-2011. All rights reserved. First used April 2009. RFS-1888 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.

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