Russell Investments is a global investment services firm offering goal-oriented investors a full range of tailored solutions.

Russell is a worldwide company that employs more than 2,000 associates, and has an international distribution network with the potential of reaching some 40 million customers around the globe. Headquartered in Tacoma with primary offices in New York, London, Toronto, Singapore, Sydney, Tokyo, Paris, and Auckland, Russell generated approximately $900 million in revenues in 2004.

Russell's investment programs provide a manager-of-manager approach based on a research driven evaluation of outside money managers. Russell is a privately held business best known for our money manager research, multi-manager investment funds, and leading performance measurements such as the Russell 2000® Index.

In Russell's sixth decade of service, the company manages $131 billion for retirement plans and investors of all types and sizes. Russell is also one of the world's largest retirement plan consultants, advising clients in more than 40 countries on the investment of over $2.3 trillion in assets. The company serves global clients such as AT&T, General Motors and the Bill and Melinda Gates Foundation.

Russell provides full-range investment services to retirement plans, foundations, endowments and investment plans of all types. More than 40 million individual investors have access to Russell's services through a network of alliances that includes many of the world's top banks, brokers, insurance companies and independent investment advisors.

Founded in 1936, Russell has been a subsidiary of Northwestern Mutual since January 1999. Russell retained its name, management, office locations, staffing, and investment approach.

Russell's multi-manager funds are developed using a rigorous manager research process and provide a select set of top-rated investment managers for clients around the world. As shown in the table below, Russell funds allow comprehensive and strategic diversification covering equities, fixed income, real estate and alternative investments.

Russell has pioneered the field of investment consulting by focusing on investment management rather than investment products.

Russell's investment philosophy is based on the belief that financial markets reward knowledgeable, disciplined investors. The company's extensive understanding of markets, managers, and investors is used to design portfolios aimed at superior long-term results. Russell also believes that diversification through multiple asset classes, multiple styles, and multiple managers will enhance long-term performance while controlling the chances of short-term disappointment.

Based on a philosophy that over a long period of time active managers can add value, Russell selects teams of money managers to meet clients' investment goals. By stringing together complementary managers in Russell funds, each with a particular expertise, Russell aims to reduce risk and provide benchmark-beating returns both collectively and over time.