U.S. SMALL CAP EQUITY FUND

Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

Ancora Advisors, LLC; Boston Partners Global Investors, Inc.; Copeland Capital Management, LLC; DePrince, Race & Zollo, Inc.; Falcon Point Capital, LLC; Jacobs Levy Equity Management, Inc.; Penn Capital Management Company, Inc.; Timpani Capital Management, LLC (Money managers listed are current as of 12/31/18. 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

KBR, Inc.

0.8%

Five9, Inc.

0.7%

Cooper Tire & Rubber Co.

0.6%

Green Dot Corp.

0.6%

Xperi Corp.

0.6%

PlayAGS, Inc.

0.5%

SeaSpine Holdings Corp.

0.5%

BioTelemetry, Inc.

0.5%

Chemed Corp.

0.5%

Exponent, Inc.

0.5%

% of Total Portfolio

5.8%