U.S. SMALL CAP EQUITY FUND

Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

Ancora Advisors, LLC; Copeland Capital Management, LLC; DePrince, Race & Zollo, Inc.; Falcon Point Capital, LLC; Penn Capital Management Company, Inc.; Snow Capital Management, L.P.; Timpani Capital Management, LLC (Money managers listed are current as of 03/31/18. 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.

Top 10 Portfolio Holdings % of Net Assets

F.N.B. Corp.

1.1%

Umpqua Holdings Corp.

0.9%

Energizer Holdings, Inc.

0.9%

Five9, Inc.

0.7%

BankUnited, Inc.

0.6%

Cheesecake Factory, Inc.

0.6%

OFG Bancorp

0.6%

HEICO Corp.

0.6%

ACCO Brands Corp.

0.6%

Integrated Device Technology, Inc.

0.6%

% of Total Portfolio

7.2%