LifePoints Moderate Strategy Fund holdings (Russell.com)


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LifePoints® Moderate Strategy Fund
Strategic diversification in one investment

Fund objective
Seeks to provide high current income and moderate
long-term capital appreciation

Overview
Performance
Holdings & details
Managers

More fund information

Daily prices & standardized performance

Prospectus (PDF)

Annual report (PDF)

Semiannual report (PDF)

Statement of additional information (PDF)

Printable fact sheet (PDF)

Month end holdings

Tax information

Commentary

Moderate strategy quarterly review (PDF)

LifePoints quarterly performance commentary

Underlying fund allocation
As of 10/31/2009
Updated monthly

Underlying Russell fund % of fund

Russell Emerging Markets Fund
Russell Global Equity Fund
Russell International Developed Markets Fund
Russell Real Estate Securities Fund
Russell Strategic Bond Fund
Russell U.S. Core Equity Fund
Russell U.S. Quantitative Equity Fund
Russell U.S. Small & Mid Cap Fund 2
3
9
3
61
10
10
3

100.0

Due to rounding totals may not equal 100%.

The LifePoints Funds are a series of fund of funds which expose an investor to the risks of the underlying funds proportionate to their allocation. Investment in LifePoints Funds involves direct expenses of each fund and indirect expenses of the underlying funds, which together can be higher than those incurred when investing directly in an underlying fund.

More holdings: Month end holdings
As of 09/30/2009

Characteristics
As of 09/30/2009
Updated quarterly

Total market value (all classes) $969.99 million

Net asset value (Class S) $9.67

Beta (Class S)¹ 0.56

30-day SEC yield (Class S)² 4.13

¹ A statistical measure of a stock's volatility compared with the overall market, as measured by the Russell 3000® Index. A beta of less than one indicates lower risk than the market; a beta of more than one indicates higher risk than the market. The Russell 3000 measures the performance of the 3,000 largest U.S. securities based on total market capitalization.

² The fund's current yield for the 30-day period ending 09/30/2009

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.

not FDIC insured

On September 2, 2008, the following fund name changes occurred: Equity I Fund to Russell U.S. Core Equity Fund, Equity Q Fund to Russell U.S. Quantitative Equity Fund, Equity II Fund to Russell U.S. Small & Mid Cap Fund, International Fund to Russell International Developed Markets Fund and Fixed Income III Fund to Russell Strategic Bond Fund. On September 2, 2008, Russell was added to the following fund names: Russell Global Equity Fund, Russell Emerging Markets Fund and Russell Real Estate Securities Fund.

For more information on Russell LifePoints® Funds or underlying Russell Funds, contact your investment professional or plan administrator for assistance.
Each of the LifePoints® Funds, Target Portfolio Series, invests its assets in shares of a number of underlying Russell Funds. From time to time, the fund�s adviser may modify the target asset allocation for any fund and/or the underlying funds in which a fund invests. In addition, the funds may in the future invest in other funds which are not currently underlying funds.
Diversification and strategic asset allocation do not assure profit or protect against loss in declining markets.
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.
LifePoints® and the Russell logo are registered trademarks and service marks 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 2007-2009. All rights reserved.
First used June 2009.
RFS-2074

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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