Russell Fixed Income Pool Class A Units JUMP AHEAD TO Summary of Investment Portfolio Goal To provide effective diversification against equities and a stable level of cashflow by investing principally in Canadian fixed income securities. Target Allocation (Actual manager allocation may vary) Style   Weight   Manager           Duration Constrained   50%   Beutel, Goodman & Company Active Yield   25%   Canso Investment Counsel Ltd. Global   25%   Pacific Investment Management Co. Investment Performance 31-Aug-08   3 mths   YTD   1 yr.   3 yrs.   5 yrs.   10 yrs.   Incep.*                               Class A   1.24   3.47   6.69   2.97   4.7   5.19   5.73 Number of Holdings 325 as of June 30, 2008 Total Pool Assets: $1,039.2 million as of June 30, 2008 Summary of Investment Portfolio Top 25 Holdings       % of Pool as at June 30, 2008         Long Positions         Percentage of net assets ($1,039,455,300) of the Pool         Canada Housing Trust No.1 4.550% 15-Dec-2012       8.1 Government of Canada 4.000% 01-Jun-2017       7.9 Government of Canada 4.000% 01-Jun-2017       7.2 Province of Ontario 4.400% 08-Mar-2016       4.8 Province of British Columbia 8.500% 23-Aug-2013       2.7 Government of Canada 15-Mar-2014       2.0 Province of Ontario 5.000% 08-Mar-2014       2.0 Province of Quebec 5.000% 01-Dec-2038       1.9 Province of Ontario 8.100% 08-Sept-2023       1.9 Ontario Hydro 10.000% 17-Oct-2014       1.8 US Treasury Note 3.875% 15-May-2018       1.8 Canada Housing Trust No.1 3.950% 15-Jun-2013       1.7 Canada Housing Trust No.1 3.600% 15-Jun-2013       1.5 Government of Canada 01-Dec-2013       1.4 Province of Ontario 02-Jun-2013       1.4 Province of Ontario 4.700% 02-Jun-2037       1.4 Government National Mortgage Association 5.500% 01-Jul-2038       1.4 Government of Canada 01-Jun-2014       1.2 Commonwealth Bank of Australia 29-Nov-2015       1.2 Government of Canada 5.000% 01-Jun-2037       1.1 Fannie Mae 6.000% 01-Jul-2038       1.0 Province of British Columbia 5.600% 01-Jun-2018       1.0 Toronto-Dominion Bank 5.141% 19-Nov-2012       1.0 Government of Canada 01-Jun-2013       0.9 Canadian Imperial Bank of Commerce 5.000% 10-Sept-2012       0.9 Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Pool. This list will be updated within 60 days of each quarter end. Sector Weights   as at June 30, 2008     Federal   29.0 Provincial   27.9 Corporate   27.7 Foreign   19.6 Each Pool in the Russell Sovereign Investment Program (other than Sovereign Diversified Monthly Income Portfolio) offers Class A, B, E, F and O units. The Sovereign Diversified Monthly Income Portfolio has E-5 and E-7 units. The returns of each class of units may differ as a result of varying fees and expenses. Class A and B units have the same management fee. Your adviser is paid a trailer fee as compensation for providing services to you. Class F units are sold only to investors enrolled in a fee-for-service or wrap program and these units have a reduced management fee and do not pay trailer fees to the adviser. Instead each investor negotiates a separate, ongoing fee that is paid directly to their adviser and is based on the market value of the investors' assets. Class O units are only available from Russell Investments Canada Limited and are generally not sold to the public. They are intended to be used in fund of fund arrangements and other wrap programs sponsored by us. They are also available to large institutional investors or other accounts as we may determine from time to time on a case-by-case basis. No management fees are charged to the Pools with respect to the Class O units. Instead, each Class O investor negotiates a separate fee that is paid directly by the investor. Class E units targets large investors and as such, have a higher minimum investment and a lower trailer and management fee. For more information about our Pools please see Legal Information. Date of first publish: September 5, 2008 *Inception: January 1993			Related INFORMATION Management Report of Fund Performance Also in FRENCH (1Mb) Printer friendly version of this page

Products and services described on these websites are intended for Canadian residents only. Information on these sites should not be considered a solicitation to buy or an offer to sell a security to any person. Persons outside Canada may find more information about products and services available within their jurisdictions by going to Russell's worldwide site, http://www.russell.com.

Legal Information    Privacy Policy     Required Sales Disclosure

© Russell Investments Canada Limited 2008. All Rights Reserved.