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 03/31/21. 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 03/31/21

Fund Inception

04–30–1999

First Available for Variable Annuity

04–30–1999

First Available for Variable Life

06–30–1999

Net Assets

$576.43 Million

Top 10 Portfolio Holdings % of Net Assets

Microsoft Corp.

5.0%

Amazon.com, Inc.

3.4%

Visa, Inc.

2.4%

Uber Technologies, Inc.

2.3%

Apple, Inc.

2.2%

Mastercard, Inc.

2.0%

Twilio, Inc.

1.8%

PayPal Holdings, Inc.

1.8%

Charter Communications, Inc.

1.5%

ServiceNow, Inc.

1.5%

% of Total Portfolio

23.9%

Sector Weightings % of Equities

Technology

31.2%

Financial Services

19.0%

Consumer Discretionary

16.9%

Health Care

15.2%

Producer Durables

6.7%