Fund Overview

Adviser:

Russell Investment Management, LLC

Fund Manager(s):

Brandywine Global Investment Management, LLC; HS Management Partners, LLC; Jackson Square Partners, LLC; Jacobs Levy Equity Management, Inc. (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 invests primarily in equity securities of medium and large capitalization U.S. companies. The objective is to provide long-term capital growth.

Asset Class:

Mid-Cap Stocks/Large-Cap Stocks

Style:

Blend

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

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

$616.74 Million

Top 10 Portfolio Holdings % of Net Assets

Microsoft Corp.

4.7%

Amazon.com, Inc.

3.2%

Visa, Inc.

2.1%

Apple, Inc.

2.1%

PayPal Holdings, Inc.

1.7%

Uber Technologies, Inc.

1.7%

Twilio, Inc.

1.6%

Citigroup, Inc.

1.6%

Mastercard, Inc.

1.6%

Charter Communications, Inc.

1.5%

% of Total Portfolio

21.8%

Sector Weightings % of Equities

Technology

29.6%

Financial Services

19.9%

Health Care

14.9%

Consumer Discretionary

14.7%

Producer Durables

5.5%