Fund Overview

Adviser:

Russell Investment Management, LLC

Objective/Focus:

A broadly diversified fund of funds, investing in a combination of underlying funds consisting of approximately 55-65% equity (U.S., non-U.S., including real estate) and 35-45% fixed income. The objective is to provide above-average capital appreciation and a moderate level of current income.

Asset Class:

Value, Growth and Market-Oriented

Russell Investment Group, a Washington USA corporation, operates through subsidiaries worldwide.

Each of the Divisions identified as a LifePoints Variable Target Portfolio Series Fund (LifePoints Fund) is a fund of funds and diversified its assets by investing, at present, in other mutual funds (the “Underlying Fund”). Each LifePoints fund seeks to achieve a specific investment objective by investing in different combinations of the Underlying Funds.

LifePoints® and the Russell Investments logo are registered trademarks and service marks of Russell Investment Group.

No investment strategy can guarantee a profit or protect against a loss.

Fund Facts as of 03/31/21

Fund Inception

04–30–2007

First Available for Variable Annuity

04–30–2007

First Available for Variable Life

06–30–2011

Net Assets

$252.06 Million

Underlying Funds % of Net Assets

RIF U.S. Strategic Equity Fund

12.5%

RIC Sustainable Equity Fund

0.0%

RIC U.S. Dynamic Equity Fund

0.0%

RIF U.S. Small Cap Equity Fund

6.4%

RIF International Developed Markets Fund

12.6%

RIC Global Equity Fund

15.9%

RIC Emerging Markets Fund

6.0%

RIC Commodity Strategies Fund

2.1%

RIC Global Infrastructure Fund

0.0%

RIF Global Real Estate Securities Fund

2.1%

RIC Opportunistic Credit Fund

0.0%

RIC Unconstrained Total Return Fund

17.8%

RIF Strategic Bond Fund

14.3%

RIC Investment Grade Bond Fund

0.0%

RIC Short Duration Bond Fund

0.0%

RIC Multi-Strategy Income Fund

10.3%

RIC Multi-Asset Growth Strategy Fund

0.0%

% of Total Portfolio

100%