LifePoints Target Date Portfolios Complete Portfolio Solutions > Sophistication Made Simple ™ JUMP AHEAD TO Management Fees : Investment Performance & Summary of Investment Portfolio Russell Investments, a global leader in multi-manager investing, is now offering its LifePoints Portfolios in another sophisticated yet simple package— LifePoints Target Date Portfolios. How do the Target Date Portfolios Work? There are three portfolio options:   LifePoints 2010 Portfolio LifePoints 2020 Portfolio LifePoints 2030 Portfolio Investors make just one decision based on the anticipated date of when they require the funds, and contribute to that portfolio for their entire investment period. Each portfolio is strategically diversified and will gradually become more conservative until it reaches 36% equity and 64% fixed income on its target date. From that point on, the portfolio remains managed at this asset allocation. The re-allocation schedule is demonstrated in Figure 1. Figure 1 Equity/Debt "Roll Down"     2010 Portfolio   2020 Portfolio   2030 Portfolio 2005   42/58   60/40   100/0 2010   36/64   49/51   84/16 2015   32/68   42/58   60/40 2020   28/72   36/64   49/51 2025   24/76   32/68   42/58 2030   20/80   28/72   36/64 2035   20/80   24/76   32/68 2040   20/80   20/80   28/72 2045   20/80   20/80   24/76 2050   20/80   20/80   20/80 The client's target draw-down date does not need to match the target date of the selected portfolio. Russell suggests choosing the portfolio which is within a range of 5 years on either side of your time horizon. The following chart can help to illustrate which portfolio to choose. Why is "one decision" so important? Delivering a sophisticated investment solution in a convenient and simplified package is the driving force behind these portfolios. An investment solution that requires just one decision; when will I most likely begin to draw down my investment funds (such as upon retirement), eliminates complexity, which opens the door for action. Additionally, these portfolios are aimed at lowering volatility through diversification. Many do-it-yourself investors tend to buy high and sell low when they are "chasing" performance. With just one decision; when will I most likely retire; as the basis for their strategically diversified investment portfolio, investors are encouraged to remain committed to their strategy in all types of market conditions. What makes Russell's LifePoints Portfolios different? Access to top investment managers, continuously assessed and evolving   With more than 490 investment professionals dedicated to building and maintaining Russell's investment process, we have a competitive advantage when it comes to selecting top money managers. All of the underlying funds in Russell's LifePoints Portfolios are constructed with an optimal mix of top investment managers. Continuous manager monitoring, and manager changes as deemed necessary, means that this is truly a long-term, "hands-off" solution Since 1936, some of the world's largest and most sophisticated investors have trusted Russell's multi-manager investment approach. Strategic diversification   Others provide easy diversification, Russell provides strategic diversification. LifePoints Portfolios are strategically diversified at two levels-across asset classes and investment styles. Some fund-of-funds' asset allocations can be flawed, with assets in underlying funds overlapping or not providing full diversification across all assets or investment styles, because the underlying funds were not specifically designed to work together in a portfolio. Automatic rebalancing and allocation adjustments   Cash flow will be allocated at the target weights, and Russell monitors for variances from target. Rebalancing will occur if the variance is greater than the stated tolerances, generally +/-2.5%. Management Fees : 2.10 Investment Performance & Summary of Investment Portfolio LifePoints 2010 Portfolio 31-Aug-08   3 Months   YTD   1 Year   3 Years   5 Years   Incep. Series B   -1.83   -1.13   -0.51   2.45   --   2.71 Top 25 Holdings*   as of June 30, 2008     Percentage of net assets ($2,096,074) of the Portfolio     Russell Canadian Fixed Income Fund Series B Units   60.7 Russell Canadian Equity Fund Series B Units   12 Russell Overseas Equity Fund Series B Units   8.3 Russell Global Equity Fund Series B Units   8.2 Russell US Equity Fund Series B Units   8.1       * This Portfolio has only 5 holdings as at June 30, 2008     LifePoints 2020 Portfolio 31-Aug-08   3 Months   YTD   1 Year   3 Years   5 Years   Incep. Series B   -2.93   -2.69   -2.90   2.28   --   2.56 Top 25 Holdings*   as at June 30, 2008     Percentage of net assets ($16,470,326) of the Portfolio     Russell Canadian Fixed Income Fund Series B Units   49.3 Russell Canadian Equity Fund Series B Units   16.9 Russell Overseas Equity Fund Series B Units   11.6 Russell Global Equity Fund Series B Units   11 Russell US Equity Fund Series B Units   10.9       * This Portfolio has only 5 holdings as at June 30, 2008     LifePoints 2030 Portfolio 31-Aug-08   3 Months   YTD   1 Year   3 Years   5 Years   Incep. Series B   -5.85   -7.23   -9.61   0.29   --   0.66 Top 25 Holdings*   as at June 30, 2008     Percentage of net assets ($2,876,864) of the Portfolio     Russell Canadian Equity Fund Series B Units   30.4 Russell Global Equity Fund Series B Units   20.4 Russell Overseas Equity Fund Series B Units   20.2 Russell US Equity Fund Series B Units   19.1 Russell Canadian Fixed Income Fund Series B Units   8.1       * This Portfolio has only 5 holdings as at June 30, 2008     Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the fund. This list will be updated within 60 days of each quarter end.			Additional INFORMATION Simplified Prospectus Printer friendly version of this page

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