PERSONALIZED DI ALL CAP SMAEQUITY INDEX STRATEGY DESIGNED TO OFFER A HIGH
LEVEL OF PERSONALIZATION

Investment objective
The Personalized Direct Indexed (DI) All Cap SMA seeks to provide long-term capital growth from U.S. stocks while delivering
personalized investment outcomes by incorporating client-directed customization, e.g., tax management, and custom screens.
The strategy is designed to track the performance of the Russell 3000® Index.

At-a-glance
Portfolio manager

Nick Zylkowski, CFA®

Inception date

3/1/2021

BenchmarkRussell 3000® Index

Minimum account size

$250,000

Typical holdings range

300–600

For whom is this SMA potentially suitable?
• Investors seeking a high level of personalization, e.g., tax management, category and theme-based restrictions,market exposure, return objectives.
• Investors seeking a professionally managed index portfolio at an attractive cost.

Customizing the Personalized DI All Cap SMA to your unique needs and preferences
Ongoing tax management to help maximize after tax returns
Develop an optimal tax-efficient transition plan
Align your preferences and your investments
Diversify a concentrated stock position
Limit purchases in stocks or industries you already own

Russell Investments portfolio personalization process

ModelDesign• Passive market beta
exposure as core holding

Portfolio
Construction

On-going
Portfolio
Management• Create optimal
personalized portfolio thataims to minimize tracking
error to selected strategy• Rebalance as needed toalign with personalized
strategy to help minimize
tracking error• Balance tax considerations
if applicable• If taxable, rebalance taxefficiently and harvest
losses opportunisticallyPortfolio
Personalization• Establish investmentobjectives• Incorporate client-directed
personalization, e.g.,– Tax-managed overlay– Transition management– Custom restrictions

Ask your financial professional to learn more.
With Russell Investments' separately managed accounts, you can leverage a sophisticated investment approach andin-depth manager research backed up by Russell Investments' 50+ years of experience providing investment solutions
to global institutional investors. Connect with your financial advisor to learn how you can benefit from this sameinvestment approach and personalize your wealth-building strategy to meet your desired outcomes.

IMPORTANT RISK DISCLOSURES
Personalized DI All Cap SMA is a product ofRussell Investment Management, LLC (”RIM”)
and offered through RIM’s Personalized
Managed Accounts (“PMA”) program.Itrepresents a direct indexed portfolio provided
by RIM. PMA is a separately managed accountprogram of individually owned securities thatcan be tailored to meet investor’s investment
objectives. RIM offers diversified, single
or multi-asset managed accounts that canbe customized to the investor’s investment
objectives, circumstances and preferences,such as (but not limited to), market exposure,risk management, tax management, category
and theme-based restrictions, and returnobjectives. Excluding any allocations to pooled
investment vehicles, if any, each investor’s
account is managed separately from otherinvestor accounts, allowing for a personalized
experience to deliver unique investment
outcomes.
Diversification and strategic asset allocation
do not assure a profit or guarantee against loss
in declining markets. Please remember that
all investments carry some level of risk. There
are no assurances that the objectives statedin this material will be met. Investment in one
or more separately managed accounts is not
a complete investment program and involves
risk; principal loss is possible. The principal
value of the account is not guaranteed at anytime.
Investments in small cap, micro cap, andcompanies with capitalization smaller than theRussell 2000® Index, are subject to the risks ofcommon stocks, may experience considerable
price fluctuations and are more volatile thanlarge company stocks. Generally, the smaller
the company size, the greater the risks.
The decision to use PMA in investors’
portfolios and related investment advice areprovided through financial advisors and otherfinancial intermediaries that are independentof RIM and its affiliates. Investors should
consult their financial advisor to determine
which services and programs are appropriate
to meet their investment objectives.
Nothing contained in this material isintended to constitute legal, tax, securities orinvestment advice, nor an opinion regarding
the appropriateness of any investment.
The general information contained in thispublication should not be acted upon withoutobtaining specific legal, tax and investment
advice from a licensed professional.
Russell 3000® Index: Index measures
the performance of the largest 3000 U.S.
companies representing approximately 98% of
the investable U.S. equity market.
The trademarks, service marks and copyrights
related to the Russell indexes and othermaterials as noted are the property of theirrespective owners.
MSCI World ex USA Index: Index captureslarge and mid cap representation across 22 of

23 Developed Markets countries—excluding
the United States. With 1,008 constituents, theindex covers approximately 85% of the freefloat-adjusted market capitalization in eachcountry.
Russell Investments' ownership is composedof a majority stake held by funds managed
by TA Associates Management, L.P., witha significant minority stake held by funds
managed by Reverence Capital Partners, L.P.
Certain of Russell Investments' employees
and Hamilton Lane Advisors, LLC also holdminority, non-controlling, ownership stakes.
Frank Russell Company is the owner of theRussell trademarks contained in this material
and all trademark rights related to the Russell
trademarks, which the members of theRussell Investments group of companies arepermitted to use under license from FrankRussell Company. The members of the Russell
Investments group of companies are notaffiliated in any manner with Frank Russell
Company or any entity operating under the“FTSE RUSSELL” brand.
Copyright © 2024 Russell Investments Group,LLC. All rights reserved. This material isproprietary and may not be reproduced,transferred, or distributed in any form
without prior written permission from Russell
Investment Group. It is delivered on an “as is”
basis without warranty.
First used March 2021. Updated: June 2024.
RIM-03213 (Exp. 4/26)