Russell chooses managers that use different investment styles based on our confidence in their stock-selection capabilities and the level of tax-efficiency of their approaches.
For example, we may have a growth manager that selects higher quality growth companies, focusing on longer-term economic, geo-political and business trends. Another growth manager may focus on security selection with the belief that earnings expectations and momentum drive stock prices. One value manager may be selected for its strong value-based, bottom-up research, while another may focus on attractively priced value stocks with clear drivers of profit growth and price appreciation. We may also include a tax-focused, enhanced index manager that is expected to help harvest taxable losses to enhance post-tax returns.
– Tereasa Gandhi
Allocation of fund assets As of 09/10/2009
% Allocated
Year assigned
Portfolio manager
Growth
Transamerica Investment Management, LLC
21%
2004
Josh Shasken
Turner Investment Partners Inc.
11%
2004
Bill McVail
Market-oriented
Parametric Portfolio Associates LLC
30%
2004
Tom Seto
Value
Chartwell Investment Partners
17%
2004
Dave Dalrymple
Netols Asset Management, Inc.
21%
2004
Jeff Neto
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.
Income from funds managed for tax efficiency may be subject to an alternative minimum tax and/or any applicable state and local taxes.
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 Tax-Managed Mid & Small Cap Fund changed to Russell Tax-Managed U.S. Mid & Small Cap 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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Russell chooses managers that use different investment styles based on our confidence in their stock-selection capabilities and the level of tax-efficiency of their approaches.
