Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

Intermede Investment Partners Limited and Intermede Global Partners Inc.; Pzena Investment Management, LLC; Wellington Management Company LLP (Money managers listed are current as of 06/30/21. Russell has the right to employ or terminate a money manager at any time and without prior notification, as is consistent with its role as investment manager.)

Objective/Focus:

A multi-manager fund that invest primarily in equity securities issued by companies located in countries (other than the U.S.) with developed markets or that are economically tied to such countries. The objective is to provide long-term capital growth.

Asset Class:

International Stocks

Style:

Value, Growth and Market-Oriented

Overseas investments can pose more risks than domestic investments. Unit values are subject to fluctuations in foreign stock markets, currency values, interest rates, government regulations and political conditions.

Fund Facts as of 06/30/21

Fund Inception

04–30–1999

First Available for Variable Annuity

04–30–1999

First Available for Variable Life

06–30–1999

Net Assets

$381.12 Million

Top 10 Portfolio Holdings % of Net Assets

Nestle SA

1.4%

Heineken N.V.

1.2%

Alibaba Group Holding, Ltd. Sponsored ADR

1.1%

Honda Motor Co., Ltd.

1.0%

Rexel SA

1.0%

ING Groep N.V.

1.0%

Canadian National Railway Co.

1.0%

Volkswagen AG - Preferred

1.0%

Roche Holding AG

1.0%

Housing Development Finance Corp., Ltd.

1.0%

% of Total Portfolio

10.7%

Country Diversification % of Equities

Europe

56.2%

Asia

33.7%

North America

7.5%

Latin America

1.7%

Africa

0.8%