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Russell Global Real Estate Securities Fund Expanding real estate opportunities globally How to invest with Russell Fund objective Seeks to provide current income and long-term capital growth OVERVIEW PERFORMANCE HOLDINGS & DETAILS MANAGERS More fund information Daily prices & standardized performance Prospectus & reports Printable fact sheet (PDF) Month end holdings Tax information Top 10 holdings As of 12/31/2011 Updated monthly     % of fund Simon Property Group, Inc. (United States) Sun Hung Kai Properties, Ltd. (Hong Kong) Equity Residential (United States) Unibail-Rodamco (France) HCP, Inc. (United States) Westfield Group (Australia) Public Storage, Inc. (United States) Mitsui Fudosan Co., Ltd. (Japan) Mitsubishi Estate Co., Ltd. (Japan) ProLogis, Inc. (United States)   5.8 3.8 2.8 2.7 2.6 2.6 2.2 2.2 2.1 1.9     28.7 The top ten holdings list does not reflect the investment of cash reserves and cash collateral received in securities lending transactions in one or more of Russell Investment Company's money market funds. More holdings: Month end holdings As of 12/31/2011 Global allocations As of 12/31/2011 Updated monthly     % of total equity* Asia Europe/Middle East/Africa Latin America North America   30.4 13.0 4.4 52.2 Sector weightings As of 12/31/2011 Updated monthly     % of total equity* Apartment Diversified Health Care Hotel/Leisure Manufactured Homes Office/Industrial Regional Malls Self Storage Shopping Center Warehouse Other   10.5 19.4 6.1 3.6 0.6 8.8 8.4 3.3 11.8 2.9 24.6 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. *Due to rounding totals may not equal 100%. On October 1, 2010, the Russell Real Estate Securities Fund was renamed the Russell Global Real Estate Securities 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. 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 January 2011. RFS-5099 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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