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Russell Investments' Emerging Markets Fund receives 2010 Lipper Fund Award
Best of 174 funds for 5-year period based on consistent risk-adjusted returns

Tacoma, WA — March 31, 2010 — The performance of Russell Investments' Emerging Markets Fund, in particular its risk-adjusted returns, has been recognized with a 2010 Lipper Fund Award. Outranking 173 other emerging market funds in the U.S. from Dec. 31, 2004 through Dec. 31, 2009, the Russell Emerging Markets Fund, [S Class], was named 'Best Fund Over the Past Five Years, Emerging Markets Funds.'

"We are honored the Lipper Fund Awards have recognized the Russell Emerging Markets Fund," said Sandra Cavanaugh, managing director, Private Client Services, Russell's business serving financial intermediaries in North America. "Advisors and their clients are looking for investment opportunities and ideas outside the U.S, and this fund can be used either in an existing core portfolio, complementing traditional allocations to U.S. and international equities, or as a standalone investment opportunity with modestly higher risk in the pursuit of excess returns."

The Russell Emerging Markets Fund offers strong risk management and access to six institutional-quality emerging markets managers from around the world. These managers combine long-term experience and fresh perspective to offer a broadly diverse approach to risk, with some emphasizing country and/or sector research and others utilizing a more bottom-up approach to stock selection.

About the Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. Classification averages are calculated with all eligible share classes for each eligible classification. The calculation periods extend over 60 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over five years. Risk-adjusted returns reflect funds historical returns, adjusted for volatility, relative to category peers.

About Russell Investments
Founded in 1936, Russell Investments is a global financial services firm that serves institutional investors, financial advisers and individuals in more than 40 countries. Over the course of its history, Russell's innovations have come to define many of the practices that are standard in the investment world today, and have earned the company a reputation for excellence and leadership.

Through a unique combination of wide-ranging and interlinked businesses, Russell delivers financial products, services and advice. A pioneer, Russell began its strategic pension fund consulting business in 1969 and today is trusted by many well-known worldwide institutions for investment advice. The firm has $176 billion in assets under management (as of 12/31/09) in its mutual funds, retirement products, and institutional funds, and is well recognized for its depth of research and quality of manager selection. Russell offers a comprehensive range of implementation services that helps institutional clients maximize their assets. The Russell Indexes calculate over 50,000 benchmarks daily covering 65 countries and more than 10,000 securities.

Russell is headquartered in Tacoma, Washington, USA with offices in Amsterdam, Auckland, Chicago, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information about how Russell helps to improve financial security for people, visit www.russell.com.

Contacts:
Steve Claiborne, 206-505-1858
Kerstin Österberg, 718-875-2121

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.




Past performance is no guarantee of future results.

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.

This is not an offer, solicitation, or recommendation to purchase any security or the services of any organization.

Investments in emerging or developing markets involve exposure to economic structures that are generally less diverse and mature, and to political systems which can be expected to have less stability than those of more developed countries. Securities may be less liquid and more volatile than U.S. and longer established non-U.S. markets.

Russell Investment Group, a Washington, USA corporation, operates through subsidiaries worldwide including Russell Investments. Russell Investment Group is a subsidiary of The Northwestern Mutual Life Insurance Company.

Russell Investments is the owner of the trademarks, service marks and copyrights related to its indexes.

Securities products and services offered through Russell Financial Services, Inc., member FINRA, part of Russell Investments.

First used date: March 31, 2010

CORP-6028