Seeks to maximize current income while preserving capital and liquidity.
Fund highlights
Principally invests in securities issued by U.S. and foreign banks, commercial paper including asset-backed commercial paper, short-term debt of U.S. and foreign corporations and trusts, bank instruments, funding agreements and other money market funds.
Seeks to achieve its objective by active security selection and portfolio construction consistent with its daily assessment of investment risks and opportunities.
Invests in high-quality money market securities maturing in 397 days or less.
Limits exposure to any single issuer to 5% of total assets, except for government obligations, at the time the fund invests its assets.
Maintains highest agency rating by limiting weighted average maturity to 60 days or less.
Characteristics As of March 31, 2009 Updated quarterly
Class S
Total net assets
$4.5 billion
Average credit quality
A-1/P-1
Weighted average maturity
17 days
Net asset value
$1.00
Moody's rating
Aaa
SEC registration
2a-7
Cusip
Ticker
Class A
782478663
RAMXX
Class S
782493704
RMMXX
An investment in a money market fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although a money market fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in a money market fund.
The Russell Money Market Fund is participating in the U.S. Treasury's Temporary Guarantee Program for Money Market Funds which will guarantee to shareholders that they will receive $1.00 for each money market fund share held as of the close of business on September 19, 2008. Any increase in the number of shares held in an account after the close of business on September 19, 2008 will not be guaranteed. If a shareholder closes the account, any future investment in the fund will not be guaranteed. If the number of shares held in an account fluctuates, shareholders will be covered for either the number of shares held as of the close of business on September 19, 2008 or the amount held on the date the guarantee is triggered, whichever is less. The guarantee program extends through September 18, 2009, and may not be extended thereafter. Please see the fund’s prospectus for additional information.
To maintain a certain net yield for class A shares of the Russell Money Market Fund, payments of the 12b-1 distribution fees will be temporarily suspended for the three-month period beginning July 1, 2009. This suspension may be extended for the three-month period beginning October 1, 2009.
In addition, if necessary to maintain certain net yields for either class A or class S shares of the Russell Money Market Fund, the fund's advisor may temporarily and voluntarily waive, reduce or reimburse all or any portion of the fund’s transfer agency fee, advisory fee and administrative fee. The fund's advisor may recoup from the fund any portion of such fees waived, reduced or reimbursed pursuant to these arrangements during the previous 36 months. There is no guarantee that the fund will maintain a positive net yield.
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 Money Market Fund changed to Russell Money Market 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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