INTERNATIONAL DEVELOPED MARKETS FUND

Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

GQG Partners LLC; Janus Capital Management LLC and Perkins Investment Management LLC; Numeric Investors LLC; Pzena Investment Management, LLC; Wellington Management Company LLP (Money managers listed are current as of 12/31/18. 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.

Top 10 Portfolio Holdings % of Net Assets

Roche Holding, Ltd.

2.3%

Novartis AG

1.8%

Nestle SA

1.6%

Sanofi SA

1.4%

Honda Motor Co., Ltd.

1.1%

Unilever NV

1.1%

Enel SpA

1.0%

Diageo PLC

1.0%

Royal Dutch Shell PLC

1.0%

Vodafone Group PLC

0.9%

% of Total Portfolio

13.2%