PERSONALIZEDMANAGED ACCOUNTSTHE NEXT LEVEL OF CUSTOMIZATION IN SEPARATELYMANAGED ACCOUNTS

Not a Deposit • Not FDIC Insured • May Lose Value • Not Bank Guaranteed •Not Insured by any Federal Government Agency

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Every investor’s needs and preferences are unique. And as wealth grows, so do
expectations and complexity—like tax management and personal preferences.
That’s where Personalized Managed Accounts comes in. PMA is a distinctive solution
tailored to your unique and specific needs, featuring:• Separately managed accounts• Custom overlay services (e.g., tax management)• Personalized transition management

Carefully crafted to suit your investment needs.
First, choose your chassis. Depending on your goals andpreferences, one, or a combination of several, of our Separately
Managed Accounts will form the foundation for your personalized
portfolio. Then select one or multiple features to customize yourportfolio to best reflect your goals, circumstances and preferences.

Our SMA solutions draw from Russell Investments’ complete toolkit of active and direct indexed
strategies, along with 40+ years experience of active investing.
Separately managed accounts offered through the PMA program
SMA SOLUTION
Direct-Indexed (DI) SMAs:
Designed to achieve index-like market exposure
through direct stock holdings

Active SMAs:
Assets managed by best-in-class managers
researched by Russell InvestmentsCore Equity SMAs:
Combine multiple strategies in a single account

Personalized DI All Cap SMA$250,000

Personalized DI Large Cap SMA$100,000

Personalized DI Large Cap Growth SMA$100,000

Personalized DI Large Cap Value SMA$100,000

Personalized DI International SMA$250,000

Personalized Large Cap SMA$80,000–$100,000

Personalized Small/Mid Cap SMA$60,000–$100,000

Personalized International SMA$60,000–$100,000

Personalized Core Equity SMA$500,000

Personalized DI Core Equity SMA$500,000

Personalized Core Equity SMA

30%

Personalized DI Core Equity SMA

30%

57%
13%

INVESTMENT MINIMUMn Personalized DI Large Cap SMAn Personalized Small/Mid Cap SMAn Personalized International SMA
The percentages represent the target allocation as of8/11/2022 and may change in the future.

70%

n Personalized DI All Cap SMAn Personalized DI International SMA
The percentages represent the target allocation
as of 6/1/2022 and may change in the future.

Please note that the products listed above may or may not be offered by your advisor’s firm. The minimum investment amount varies by platform.

2 /Personalized Managed Accounts / Russell Investments

Take control with personalization…
PMA empowers you to add custom overlay and exclusion
services to your Personalized Separately Managed Accounts toprovide a truly active approach offering flexibility and a higher
level of customization.

Tailor to your needs
Help maximize your after-tax wealthAccess a robust toolkit of tax-managed overlay services designed to potentially maximize after-tax wealth.
Develop an optimal tax-efficient transition plan
Reposition your equity portfolio with appreciated low basis shares and embedded gains tax-efficiently on a timeline,
tax or capital gain budget dictated by you.
Align your investments with your preferences
Restrict purchases or exclude holdings of specific stocks, industries, categories or themes in your customized
portfolio.
Diversify a concentrated stock position
Build around a concentrated stock position with a low-cost basis that would trigger significant capital gains if yousold it.
Limit purchases in stocks or industries you already own
Limit additional ownership in restricted stock in a company to which you already have exposure.

Equip your portfolio with our active tax-managed overlay services
Centralized

Year-round tax management

Dedicated team•Trading•

Tax-loss harvesting••

Implementation•

Wash sale minimization•

Tax-smart turnover•Holding period
management

Investment
professionals focusedon potentiallymaximizing yourafter-tax outcome

Transition accounts easily and efficiently
Our transition management service develops an optimal transition plan designed to:•Transition your current portfolio to PMA tax-efficiently and seamlessly•

Optimize your transition around the timeline, tax or capital gain budget
determined by you•Manage large embedded capital gains•

Diversify concentrated portfolio positions•

Allow for restrictions based on your individual preferences

Your Financial Professional will work with you to gather information to create yourcustom transition analysis report. A Tax-Budget transition approach is available for:both Personalized Core Equity solutions and the DI SMAs.

3 /Personalized Managed Accounts / Russell InvestmentsAbout Russell Investments
Russell Investments is one of the leading global investment partners providing tailored solutions and services to institutions andindividuals through financial intermediaries. Russell Investments is dedicated to improving people’s financial security. Our approach
incorporates in-depth manager research to select some of the world’s leading institutional investment managers and strategies,
offering the best ideas of each manager within well-diversified separately managed accounts and mutual funds.

Questions?
Ask your Financial Professional to learn more.

IMPORTANT RISK DISCLOSURES
Personalized Managed Accounts (“PMA”) is aprogram of Russell Investment Management,
LLC (“RIM”) and offers customized portfolio
management services.
Each Personalized Separately Managed
Account is a product of Russell Investment
Management, LLC (”RIM”) and offeredthrough RIM’s Personalized Managed
Accounts (“PMA”) program. It represents amodel portfolio provided by RIM. For active
SMAs, it reflects a composite of third-party
investment advisors selected by RIM. Whenthe model is implemented, PMA is a separately
managed account program of individually
owned securities that can be tailored to meetinvestor’s investment objectives. RIM offers
diversified, single or multi-asset managed
accounts that can be customized to theinvestor’s investment objectives, circumstancesand preferences, such as (but not limitedto), market exposure, risk management, tax
management, category and theme-based
restrictions, and return objectives. Excluding
any allocations to pooled investment vehicles,
if any, each investor’s account is managed
separately from other investor accounts,
allowing for a personalized experience todeliver unique investment outcomes.
Diversification and strategic asset allocation
do not assure a profit or guarantee against
loss in declining markets. Please rememberthat all investments carry some level of risk.
Investment in one or more separately managed
accounts is not a complete investment
program and involves risk; principal loss ispossible. The principal value of the accountis not guaranteed at any time. There are noassurances that the objectives in this material
will be met.
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.
Investments in global equity may besignificantly affected by political or economic
conditions and regulatory requirements in aparticular country. International markets caninvolve risks of currency fluctuation, politicaland economic instability, different accounting
standards and foreign taxation. Emerging or
frontier markets involve exposure to economic
structures that are generally less diverse andmature. The less developed the market, theriskier the security. Such securities may be lessliquid and more volatile.
The decision to use PMA in investors’
portfolios and related investment advice
are provided through financial advisors
and other financial intermediaries that areindependent of RIM and its affiliates. Investors
should consult with their financial advisor
to determine which services and programs
are appropriate to meet their investment
objectives.
A note about the transition approaches which
may be featured in the transition analysis
report:The Timeline approach which moves theexisting portfolio to the new strategy over a set
number years, is available for all Personalized
separately managed accounts (SMAs).
The Tax-Budget transition approach whichmoves the existing portfolio to a new strategy
while limiting taxes or capital gains per year,
is only available for: both Personalized Core
Equity solutions, Personalized DI Large Cap
SMA, Personalized DI Large Cap Growth

SMA, Personalized DI Large Cap Value SMA,
Personalized DI All Cap SMA, and Personalized
DI International SMA.
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 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: June 2023. Updated: April 2024
RIM-03222 (Exp. 6/26)

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