PERSONALIZED LARGE CAP SMA
ACTIVELY-MANAGED EQUITY PORTFOLIO FROM A BLEND OF
THE WORLD’S LEADING MANAGERS

Investment objective
The Personalized Large Cap SMA seeks to provide long-term capital growth from U.S. large cap stocks while delivering
customized investment outcomes by incorporating client-directed customization, e.g., tax management and custom
screens. The strategy is designed to outperform the S&P 500® Index over a full market cycle.

At-a-glance
Portfolio manager

Nick Haupt, CFA®
Nick Zylkowski, CFA®

Inception date

5/1/2007

BenchmarkS&P 500® Index

Minimum account size*$80,000–$100,000

Typical holdings

80*The minimum account size varies by platform.

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 actively-managed portfolio focused on the U.S. large cap equity market.

Customizing the Personalized Large Cap SMA to your unique needs and preferences
Ongoing tax management to help maximize after tax returnsDevelop 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

russellinvestments.com

Russell Investments portfolio personalization process

Portfolio
Personalization

Portfolio
Construction

On-going
Portfolio
Management• Conduct rigorous and continuous
manager research globally• Establish investment
objectives• Select high conviction investment
money managers• Incorporate client-directed
personalization, e.g.,• Create optimal
personalized portfolio thataims to minimize tracking
error to selected strategy• Rebalance as needed toalign with personalized
strategy to help minimize
tracking error• Create Russell Investment’s
active strategy by optimizing
with preferred positioning to a
80-security model portfolio– Tax-managed overlay• Balance tax considerations
if applicable• If taxable, rebalance taxefficiently and harvest
losses opportunistically

Model
Design– Transition management– Custom restrictions

Underlying managers* and their investment strategies
MONEY MANAGERROLEYEAR ASSIGNED

Brandywine Global Investment Management, LLC

Value

2019

J.P. Morgan Investment Management, LLC

Large Cap Core

2022

Jacobs Levy Equity Management, IncMarket-Oriented2019

William Blair Investment Management, LLC

Large Cap Growth2022*Managers listed above are current as of 10/13/2022. These money managers are unaffiliated with Russell Investment Management, LLC (“RIM”) and havenondiscretionary asset management assignments pursuant to which they provide a model portfolio to RIM representing their investment recommendations. RIM
may change portfolio asset allocation at any time, including not allocating portfolio assets to one or more money manager strategies.

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 Large Cap SMA is a product ofRussell Investment Management, LLC (”RIM”)
and offered through RIM’s Personalized Managed
Accounts (“PMA”) program. It represents a model
portfolio provided by RIM, reflecting a compositeof third-party investment advisors selected byRIM. When the model is implemented, PMA
is a separately managed account program ofindividually owned securities that can be tailored
to meet investor’s investment objectives. RIM
partners with third-party money managers tooffer diversified, single or multi-asset managed
accounts that can be customized to the investor’s
investment objectives, circumstances andpreferences, such as (but not limited to), market
exposure, risk management, tax management,
category and theme-based restrictions, andreturn objectives. Excluding any allocations topooled investment vehicles, if any, each investor’s
account is managed separately from other investor
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 indeclining markets. Please remember that all
investments carry some level of risk. There areno assurances that the objectives stated in thismaterial 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 accountis not guaranteed at any time.
The decision to use PMA in investors’ portfolios
and related investment advice are provided
through financial advisors and other financial
intermediaries that are independent of RIM
and its affiliates. Investors should consult theirfinancial advisor to determine which services andprograms are appropriate to meet their investmentobjectives.
Nothing contained in this material is intended
to constitute legal, tax, securities or investment
advice, nor an opinion regarding theappropriateness of any investment. The general
information contained in this publication should
not be acted upon without obtaining specificlegal, tax and investment advice from a licensed
professional.

Russell Investments' ownership is composed ofa majority stake held by funds managed by TA
Associates Management, L.P., with a significant
minority stake held by funds managed byReverence Capital Partners, L.P. Certain of Russell
Investments' employees and Hamilton Lane
Advisors, LLC also hold minority, non-controlling,
ownership stakes.

The S&P 500® Index: A free-float capitalizationweighted index published since 1957 of the pricesof 500 large-cap common stocks actively traded in
the United States. The stocks included in the S&P
500® are those of large publicly held companies
that trade on either of the two largest Americanstock market exchanges: the New York Stock
Exchange and the NASDAQ.

Copyright © 2024 Russell Investments Group, LLC.
All rights reserved. This material is proprietary andmay not be reproduced, transferred, or distributedin any form without prior written permission fromRussell Investment Group. It is delivered on an “asis” basis without warranty.

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 the Russell
Investments group of companies are permitted touse under license from Frank Russell Company.
The members of the Russell Investments group ofcompanies are not affiliated in any manner withFrank Russell Company or any entity operating
under the “FTSE RUSSELL” brand.

First used March 2021. Updated: April 2024.
RIM-03220 (Exp. 4/26)