An overview of the Russell Sovereign Investment program - RETAIL ...

an overview of the RUSSELL SOVEREIGN INVESTMENT PROGRAM

RUSSELL INVESTMENTS.
At Russell, we have a rich heritage of directing the
investments of some of the world’s largest investors—
some of whom have billion-dollar portfolios. This kind of
investor cannot afford to be without a highly diversified
portfolio. Neither can you.
We believe success means making
investment excellence easier to come by.
We’re certain sophisticated solutions can be simplified
and strengthened at the same time. These solutions
are designed to help meet your financial goals. We
believe that by partnering with Russell you can benefit
from a multi-asset approach to investing that combines
global asset allocation, manager selection and dynamic
portfolio management.
WE’RE A WORLD AUTHORITY ON PEOPLE WHO
MANAGE MONEY.
With our money manager research experience and
a dedicated team of manager research analysts,
we perform the vital work to keep your investment
diversified and balanced, in pursuit of your goals.
Sovereign model
portfolios
Ask your advisor about Russell’s
Sovereign model portfolios. These
models are developed by Russell’s
Capital Markets forecasting group
and offer various asset allocations
to match your risk tolerance to help
you achieve your investment goals.
Utilize our nine model portfolios
or customize your own portfolio
and benefit from:
› Customized asset allocations
with exposure to a diverse set
of asset classes.
› Model portfolio updates based
on Russell’s capital markets
viewpoints.
› Our automatic rebalancing
service to keep your asset
allocation on track.

Your
Portfolio
TALK TO YOUR ADVISOR.
Sovereign is designed so your
advisor can help you create a
personal profile and establish
a tailored financial plan. Once
you’ve implemented your plan,
your advisor will continue to
monitor your situation to help
keep you on track with
your goals.
When investing outside of a
registered retirement savings
plan (RSP), you may be able
to take advantage of the
Corporate Class structure
to achieve more tax-efficient
investment returns.
CHOOSE FROM 16 POOLS
TO build A PORTFOLIO
RUSSELL balances
INVESTMENT STYLES
RUSSELL selects and monitors
YOUR SUB-ADVISERS
INVESTMENT POOL STYLE SUB-ADVISERS 1 SUB-ADVISER ACCOUNT Target pool
SIze minimum 2 allocation
Russell Money Market Pool Short-term Russell Investment Management Company* $10M 100%
Russell Short Term Income Pool
Multi-style (interest rate management, Phillips, Hager & North Investment Management $50M 40%
sector and security selection)
Credit security selection AEGON Capital Management Inc. $10M 40%
Credit security selection Canso Investment Counsel Ltd $10M 20%
Russell Fixed Income Pool Interest rate management Beutel, Goodman & Company, Ltd. $15M 50%
Security selection Canso Investment Counsel, Ltd. $2M 25%
Global Pacific Investment Mgmt. Company LLC (PIMCO) $2M 25%
Russell Core Plus Fixed Income Pool Security selection and global Goldman Sachs Asset Management, LP $50M 33%
Sector selection and global AllianceBernstein Canada, Inc. $35M 33%
Interest rate management and global Pacific Investment Mgmt. Company LLC (PIMCO) $2M 34%
Russell Global High Income Bond Pool US high yield bond specialist DDJ Capital Management, LLC $25M 20%
Global high yield bond specialist Logan Circle Investment Partners LLC $25M 40%
Emerging markets debt specialist Stone Harbor Investment Partners LP $50M 40%
Russell Canadian Dividend Pool Value Foyston, Gordon & Payne, Inc. $25M 45%
Value GCIC, Ltd. $25M 50%
Investment Strategy Portfolio Russell Implementation Services 5%
Russell Focused Canadian Equity Pool Defensive Rondeau Capital Inc. $1M 30%
Value QV Investors Inc. $10M 26%
Growth at a price CGOV Asset management $10M 40%
Investment strategy Russell Implementation Services $50M 4%
Russell Canadian Equity Pool Value Foyston, Gordon & Payne, Inc. $25M 28%
Market-oriented Aurion Capital Management, Inc. $20M 18%
Market-oriented ClariVest Asset Management LLC $50M 17%
Growth Picton Mahoney Asset Management $20M 27%
Growth GCIC, Ltd. $25M 7%
Investment Strategy Portfolio Russell Implementation Services 3%
Russell Smaller Companies Pool Multi-style Hillsdale Investment Management, Inc. $25M 50%
Growth GCIC, Ltd. $25M 50%
Russell Focused US Equity Pool Value/market-oriented Lazard Asset Management, Inc. (Canada) $5M 34%
Value/market-oriented Levin Capital Strategies LP $1M 34%
Growth/market-oriented Mar Vista Investment Partners LLC $1M 33%
Russell US Equity Pool Value Institutional Capital Corporation $10M 22%
Value Aronson + Johnson + Ortiz LP $50M 17%
Market-oriented Levin Capital Strategies LP $50M 12%
Market-oriented First Eagle Investment Management LLC $100M 11%
Growth Cornerstone Capital Management, Inc. $25M 16%
Growth Sustainable Growth Advisors LP $25M 17%
Small cap PENN Capital Management Company, Inc. $2M 5%
Russell Overseas Equity Pool Value Barrow, Hanley, Mewhinney & Strauss, Inc. $50M 20%
Value Mondrian Investment Partners ,Ltd. $50M 20%
Market-oriented Arrowstreet Capital LP $75M 20%
Growth MFS Institutional Advisors, Inc. $50M 20%
Growth William Blair & Company LLC $20M 20%
Russell Global Equity Pool Value Harris Associates LP $100M 15%
Value Sanders Capital Management LLC $50M 17.5%
Market-oriented Arrowstreet Capital LP $75M 15%
Market-oriented MFS Institutional Advisors, Inc. $50M 20%
Growth Sustainable Growth Advisers, LP $100M 17.5%
Growth McKinley Capital Management, Inc. $10M 15%
Russell Emerging Markets Equity Pool Value AllianceBernstein Canada, Inc. $35M 30%
Value (core) Delaware Investment Advisors $50M 25%
Market-oriented/quality growth Harding Loevner, LP $50M 45%
Russell Global Infrastructure Pool Growth at a price Colonial First State Asset Management Australia $50M 50%
Value Nuveen Asset Management LLC $20M 50%
Russell Global Real Estate Pool Value AEW Capital Management, L.P. $100M 50%
Multi-style RREEF America L.L.C. $35M 50%
ASSET
WE DIVERSIFY YOUR PORTFOLIO
INTO MULTIPLE ASSET CLASSES BY
UP TO SIXTEEN RUSSELL POOLS.
STYLE
THEN WE DIVERSIFY
EACH POOL INTO MULTIPLE
INVESTMENT STYLES.
Sub-Advisers
THEN WE USE MULTIPLE
Sub-Advisers TO DIVERSIFY
EVEN FURTHER.
*Russell Investment Management Company is an affiliate of Russell Investments Canada Limited.
The Russell Strategy
Your Sovereign Portfolio

Think of this
as customized
diversification.
THE RUSSELL SOVEREIGN INVESTMENT PROGRAM.
Together with your investment advisor, Sovereign
provides a complete portfolio solution. Customized.
Designed to meet your investment needs.
WE MANAGE SUB-ADVISERS TO BRING YOU Russell researched
“BEST-OF-BREED” INVESTMENTS.
We actively monitor more than 5,400 manager products, of which less than 6%
(as of December 2011) receive an assignment in a Russell fund.
OUR RESEARCH LOOKS FORWARD.
Everyone studies performance. But performance tracking is, by definition,
backwards-looking. At Russell, we get to know managers well enough so we have
the ability to see developing trends long before performance tracking will reveal
them. Then we move swiftly and cost-effectively when changes are needed.
YOUR NEEDS DETERMINE OUR DESIGN.
Sovereign can be customized to meet your personal investment objectives and
changing life circumstances.
A NOTE ABOUT RISKS.
As with all mutual funds, investment in the Russell Funds contains risks that may
make it unsuitable for you, depending on your investment objectives and risk
tolerance. If the funds do not perform as intended, you may experience a loss of
part or all of your principal invested. Please read the Russell Funds prospectus
for a detailed description of the risks involved before making a decision to invest
in the Russell Funds.

Our commitment to you.
With the help of your advisor, we will
help you replace the hunches, hope
and guesswork with a solid investment
discipline that puts some of the world’s
best money managers at your disposal.
Our approach has been tested over time
and it is brought to you by selected
investment experts in your own
community. Learn more at
www.russell.com/ca.
1
The sub-advisers listed and their weight in the respective pools
are current as of the time of publication. Russell may hire, dismiss
or replace sub-advisers at any time. For a list of current subadvisers,
please call 888-509-1792.
2
These are minimum account sizes required by the stated subadviser
to open an institutional, separate account. This is the
type of account managed by the sub-adviser for Russell in the
respective Russell Pools. The minimum account requirements
for the Canadian sub-advisers are in C$ and all other account
minimums are in US$.
COMMISSIONS, TRAILING COMMISSIONS, MANAGEMENT
FEES AND EXPENSES ALL MAY BE ASSOCIATED WITH
MUTUAL FUND INVESTMENTS. PLEASE READ THE
PROSPECTUS BEFORE INVESTING. Mutual funds are not
guaranteed, their values change frequently and past performance
may not be repeated. Nothing in this publication 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. This information is made available on an
“as is” basis. Russell Investments Canada Limited does not make
any warranty or representation regarding the information.
RUSSELL BY THE NUMBERS.
• 1936
Founded in Tacoma, WA
• $162.2 billion
Global assets under management
(as of December 31, 2012)
• 2400+
Institutional clients and millions of
individual shareholders worldwide
• 350+
Russell funds and multi-asset investment
solutions globally
• 35+
Client countries
• 20+
Offices around the world, including Calgary,
Montreal, Toronto and Vancouver
Unless otherwise indicated, all data is as of
December 31, 2011.
Sovereign Investment Program, Sovereign and the Russell
Investments logo are either registered trademarks or
trademarks of Frank Russell Company and are used under
license by Russell Investments Canada Limited.
Russell Investments Canada Limited is a wholly owned
subsidiary of Frank Russell Company and was established in
1985. Russell Investments Canada Limited and its affiliates,
including Frank Russell Company, are collectively known as
“Russell Investments”.
®Phillips, Hager & North is a registered trademark of Royal Bank
of Canada. Used under license.
Copyright © Russell Investments Canada Limited 2013.
All rights reserved.
Date of first publication: January 2013
PCG-SOV-COL-001E (1 01/13)
RETAIL-2013-01-20-0407 (EXP-01-2014)