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Russell US Equity Pool
Series A Units
Goal
To provide current income and long-term capital appreciation by investing principally in U.S. equities listed on recognized stock exchanges.
Target Allocation
(Actual manager allocation may vary)
| Style |
|
Weight |
|
Manager |
| |
|
|
|
|
| Market Oriented |
|
5% |
|
Frank Russell Company |
| Growth |
|
11% |
|
Montag & Caldwell, Inc. |
| Growth |
|
9% |
|
Turner Investment Partners, LP |
| Growth |
|
10% |
|
Cornerstone Capital Management, Inc. |
| Value |
|
11% |
|
MFS Institutional Advisors |
| Value |
|
14% |
|
Institutional Capital Corporation |
| Market Oriented |
|
8% |
|
Arnhold & S.Bleichroeder Advisers, LLC. |
| Market Oriented |
|
15% |
|
Suffolk Capital Management Inc. |
| Value |
|
10% |
|
Schneider Capital Management Corporation |
| Small Cap |
|
7% |
|
Fuller & Thaler Asset Management |
| |
|
|
Investment Performance
| 31-May-09 |
|
3 mths |
|
YTD |
|
1 yr. |
|
3 yrs. |
|
5 yrs. |
|
10 yrs. |
|
Incep.* |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Series A |
|
11.37 |
|
-3.83 |
|
-27.89 |
|
-10.69 |
|
-7.75 |
|
-7.06 |
|
2.10 |
| Total Number of Holdings: |
306 |
| as of March 31, 2009 |
|
| Total Pool Assets: |
$362.9 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 |
|
|
| Qualcomm Inc. |
|
2.6 |
| Hewlett Packard Co. |
|
2.2 |
| Lockheed Martin Corp. |
|
1.9 |
| Wyeth |
|
1.8 |
| Google Inc. |
|
1.7 |
| Apple Inc. |
|
1.6 |
| Wal-Mart Stores Inc. |
|
1.6 |
| Goldman Sachs Group Inc. |
|
1.6 |
| Schering Plough Corp. |
|
1.6 |
| Pepsico Inc. |
|
1.6 |
| CVS Caremark Corp. |
|
1.5 |
| Exxon Mobil Corp. |
|
1.5 |
| Coca-Cola Company |
|
1.5 |
| International Business Machs Corp. |
|
1.5 |
| JPMorgan Chase & Co. |
|
1.4 |
| Intel Corp. |
|
1.4 |
| Abbott Laboratories |
|
1.2 |
| Gilead Sciences Inc. |
|
1.1 |
| Nike Inc. |
|
1.1 |
| Hess Corp. |
|
1.1 |
| Bank of New York Mellon Corp. |
|
1.1 |
| Monsanto Co. |
|
1.0 |
| Occidental Pete Corp. |
|
1.0 |
| Cisco Systems Inc. |
|
1.0 |
| Oracle Corp. |
|
1.0 |
| |
|
|
| Net Asset Value (thousands of dollars) |
|
$362,905 |
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 |
|
|
| Information Technology |
|
24.9 |
| Health Care |
|
13.9 |
| Financials |
|
12.1 |
| Consumer Staples |
|
11.6 |
| Energy |
|
11.3 |
| Consumer Discretionary |
|
10.3 |
| Industrials |
|
9.5 |
| Materials |
|
3.4 |
| Telecommunications Services |
|
1.6 |
| Utilities |
|
1.5 |
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: January 1993
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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.
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© Russell Investments Canada Limited 2009. All Rights Reserved.
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