Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

Ancora Advisors, LLC; BAMCO, Inc.; Boston Partners Global Investors, Inc.; Calamos Advisors LLC; Copeland Capital Management, LLC; DePrince, Race & Zollo, Inc.; Jacobs Levy Equity Management, Inc.; Penn Capital Management Company, Inc.; Ranger Investment Management, L.P. (Money managers listed are current as of 06/30/21. Russell has the right to employ or terminate a money manager at any time without prior notification, as is consistent with its role as investment manager.)

Objective/Focus:

A multi-manager fund that invest primarily in equity securities of small capitalization companies, most of which are U.S. based. The objective is to provide long-term capital growth.

Asset Class:

Small-Cap Stocks/Mid-Cap Stocks

Style:

Value, Growth and Market-Oriented

Investing in small company stocks involves a greater degree of risk than investing in medium or large company stocks.

Investing in medium company stocks involves a greater degree of risk than investing in large company stocks.

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

$258.05 Million

Top 10 Portfolio Holdings % of Net Assets

Avid Bioservices, Inc.

0.9%

BioLife Solutions, Inc.

0.8%

e.l.f. Beauty, Inc.

0.7%

Workiva, Inc.

0.7%

Heska Corp.

0.6%

Simulations Plus, Inc.

0.6%

Boot Barn Holdings, Inc.

0.6%

WNS (Holdings), Ltd. Sponsored ADR

0.5%

Brigham Minerals, Inc. – Class A

0.5%

Medpace Holdings, Inc.

0.5%

% of Total Portfolio

6.4%

Sector Weightings % of Equities

Financial Services

21.6%

Health Care

17.6%

Producer Durables

15.2%

Consumer Discretionary

13.4%

Technology

12.3%