Russell Emerging Markets Equity Pool Series A Units JUMP AHEAD TO Summary of Investment Portfolio Goal To provide maximum return, primarily through capital appreciation, by assuming a higher level of volatility than is ordinarily expected from developed markets outside North America by investing primarily in equity securities of emerging market countries. Target Allocation (Actual manager allocation may vary) Style   Weight   Manager           Growth   50%   T. Rowe Price International, Inc. Value   50%   Sanford C. Bernstein & Co., LLC Investment Performance 31-May-09   3 mths   YTD   1 yr.   3 yrs.   5 yrs.   10 yrs.   Incep.*                               Series A   40.95   27.04   -32.81   -1.31   7.44   3.53   0.72 Total Number of Holdings: 191 as of March 31, 2009 Total Pool Assets: $91.9 million as of March 31, 2009 Summary of Investment Portfolio Top 25 Holdings   % of net asset value of the Pool As at March 31, 2009     Petroleo Brasileiro SA   6.1 Samsung Electronics Co. Ltd.   4.5 Companhia Vale Do Rio Doce   2.5 America Movil SA De CV   2.2 LUKOIL Co.   2.1 Banco Bradesco SA   1.6 Gazprom OAO   1.5 Cash & Cash Equivalents   1.5 Banco DO Brasil SA   1.4 Usinas Siderurgicas de Minas Gerais SA   1.4 Beijing Enterprise Holdings Ltd.   1.4 AU Optronics Corp.   1.3 Standard Bank Group Ltd.   1.3 Wal-Mart De Mexico   1.3 ITAU Unibanco Banco Holding Multiplo SA   1.3 State Bank of India   1.2 China Petroleum & Chemical Corp.   1.2 China Telecom Corp. Ltd.   1.1 Industrial and Commerical Bank of China Ltd.   1.1 CNOOC Ltd.   1.1 United Microelectronics Corp.   1.1 Sanlam Ltd.   1.0 JSC MMC Norilsk Nickel   1.0 Ping Insurance Group Co.of China Ltd.   1.0 Grupo Financiero Banorte SAB DE   0.9       Net Asset Value (thousands of dollars)   $91,946 Note: The statement of investment portfolio may change due to ongoing portfolio transactions of the Portfolio. This list will be updated within 60 days of each quarter end and is available on our website- www.russell.com/ca. Sector Weights   % of net asset value of the Pool As at March 31, 2009     Financials   20.8 Energy   19.6 Materials   18.9 Information Technology   16.7 Telecommunications Services   9.4 Utilities   4.3 Consumer Discretionary   4.2 Industrials   3.0 Consumer Staples   0.9 Each Pool in the Russell Sovereign Investment Program® (other than Russell Diversified Monthly Income Portfolio and Russell Retirement Essentials Portfolio) offers Series A, B, E, F and O units. The Russell Diversified Monthly Income Portfolio has E-5 and E-7, I-5, I-7, F-5 and F-7 units. The Russell Retirement Essentials Portfolio has E-5, E-6, E-7, I-5, I-6, I-7, F-5, F-6 and F-7. The returns of each series of units may differ as a result of varying fees and expenses. Series A and B units have the same management fee. Your adviser is paid a trailer fee as compensation for providing services to you. Series 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. Series 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 Series O units. Instead, each Series O investor negotiates a separate fee that is paid directly by the investor. Series 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. Series A units of Russell Canadian Equity Pool, Russell US Equity Pool, Russell Overseas Equity Pool and Russell Canadian Fixed Income Pool have been available since January 1993. The Emerging Markets Equity Series A units have been available since June 1997 and the Global Equity and Money Market Series A units have been available since April 1998. With the exception of Russell Diversified Monthly Income Portfolio, Russell Retirement Essentials Portfolio and Russell Core Plus Fixed Income Pool, Series B and F units of all the pools have been available since 2001. Russell Core Plus Fixed Income Pool and the Series E units of all the Russell Sovereign have been available since October 2007. Russell Core Plus Fixed Income Pool has been available since October 2007. Russell Retirement Essentials Portfolio has been available since March 2008. Series F-5, F-7 and I-5 of Russell Diversified Monthly Income Portfolio have been available since November 2005 and I-7 of Russell Diversified Monthly Income Portfolio has been available since November 2004. Unless otherwise noted, all the rates shown are for the period ending March 31, 2009. The rates shown are compounded yearly. They also include changes in unit value and all money that has been re-invested. Data sources include: S&P/TSX Composite Index, Dex Universe Bond Index and Dex 30-day T-bills, Bank of Canada: Consumer Price Index, GIC's and Conventional Mortgages, Standard and Poor's 500 Index, Dow Jones Industrial Average, MSCI Regional and EAFE Indexes and MSCI Emerging Markets Index. Date of first publish: June 5, 2009 *Inception: June 1997			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 2009. All Rights Reserved.