Investors should carefully consider the investment objectives, risks, charges and expenses before investing in Russell ETFs. This and other information can be found in the funds' prospectuses, which may be obtained by calling 1-888-RSL-ETFS (1-888-775-3837) or downloading the file from www.russelletfs.com. Read the applicable prospectuses carefully before investing.

Russell ETFs and their corresponding Indexes are new and have limited operating history. These ETFs are passively managed and may not match or achieve a high degree of correlation with the return of their corresponding Index. New indexes are also subject to errors in construction which may result in unintended exposures.

Investing involves risk, including loss of principal. ETFs are subject to risks similar to those of stocks including those regarding short-selling and margin account maintenance, if applicable. A fund's performance is generally affected by risks that include those associated with non-diversification, investments in foreign securities, non-investment grade debt securities, undervalued companies or companies with a relatively small market capitalization. Non-US markets entail different risks than those typically associated with US markets, including currency fluctuations, political and economic instability, accounting changes, and foreign taxation. Securities may be less liquid and more volatile. Funds that emphasize investments in smaller companies generally will experience greater price volatility. Non-investment grade debt securities are subjected to greater price volatility based on fluctuations in issuer and credit quality. Please see funds' prospectuses for more detailed information.



Shares of Russell ETFs may be sold throughout the day on an exchange through a securities brokerage account. Fund shares are not individually redeemable and will be issued and redeemed at their NAV only through creation units. Diversification does not eliminate the risk of experiencing investment losses. All ETFs are subject to management fees and expenses.

All registered investment companies, including Russell ETFs, are obliged to distribute portfolio gains to shareholders at year-end, regardless of performance. Trading Russell ETFs will also generate tax consequences and transaction expenses. The information provided is not intended to be tax advice. Tax consequences of dividend distributions may vary by individual taxpayer.

Russell ETFs are distributed by ALPS Distributors, Inc. ("ALPS"). Russell Investment Management Company ("RIMCo", dba Russell Investments) serves as the investment advisor to the ETFs. ALPS and RIMCo are separate and unaffiliated. Neither RIMCo nor ALPS nor any of their affiliates provides tax advice. Please note that (i) any discussion of U.S. tax matters contained in this communication cannot be used by you for the purpose of avoiding tax penalties; (ii) this communication was written to support the promotion or marketing of the matters addressed herein; and (iii) you should seek advice based on your particular circumstances from an independent tax advisor.

Russell Investments and Axioma, Inc. have entered into a strategic alliance with respect to the Russell-Axioma Factor Indexes. Russell and Axioma are the source and joint owners of the trademarks, service marks and copyrights related to the Russell-Axioma Factor Indexes. Russell is a trademark of Russell Investments. Axioma is the owner of Axioma trademarks, service marks and copyrights related to Axioma's optimization solutions.

Please note the content on this Website is intended for US audiences only. The Russell ETFs are not eligible for sale in all jurisdictions or to all categories of investors. Nothing contained in this material is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type. The general information contained in this Website should not be acted upon without obtaining special legal, tax, and investment advice from a licensed professional.

Russell Investments is the owner of the trademarks, service marks and copyrights related to its indexes and funds.
First used May 2011

Questions? Call our Client Service Team: 1-888-RSL-ETFS (1-888-775-3837)