Annualized returns
Quarterly		Year to date		1 year		3 years		5 years		10 years		Since inception
0.01		0.25		0.68		3.28		3.44		3.29		5.77
7-day yield1     0.09
Fund inception date: 10/15/81

Fund Fees and Expenses

Annual Fund Operating Expenses
Total	Net
0.53%	0.26%

The Net Annual Operating Expense Ratio may be less than the Total Operating Expense Ratio and represents the actual expenses to be borne by shareholders after application of a contractual transfer agency fee waiver through 02/28/2010 and a contractual advisory fee waiver and/or reimbursement through 02/28/2010. These contractual agreements may not be terminated during the relevant periods except at the Board of Trustees' discretion. Details of these agreements are in the current prospectus. Absent these reductions, the funds return would have been lower.

The yield more closely reflects the current earnings of the fund than the total return of the fund; yields will vary.

¹ The fund's current (simple) yield for the 7-day period ending 09/30/2009. Yields are calculated net of contractual waivers and reimbursements. Absent these waivers and reimbursements, the fund's yield would have been lower and possibly negative.

Performance information is historical and does not guarantee future results. Investment return and principal value will fluctuate so that redeemed shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Current to the most recent month-end performance for Russell mutual funds is available by visiting: www.russell.com/us/fundperformance.

The fund offers other classes of shares with higher fees and expenses. These other classes may charge up to a 0.10% distribution fee and shareholder servicing fees which will result in a higher expense ratio and lower performance than that shown above. For a full description of other available classes, please see the prospectus.