Russell Investments announces changes to Russell LifePoints All Equity Portfolio and Russell LifePoints All Equity Class Portfolio.

Russell Investments Canada Limited (Russell Investments) today announced changes to the investment strategies of two of its Funds: Russell LifePoints All Equity Portfolio and Russell LifePoints All Equity Class Portfolio (the "Funds"). Russell Investments will also be changing the names of the Funds to Russell Multi-Asset Growth Strategy and Russell Multi-Asset Growth Strategy Class, which reflects the change in investment strategies.

TORONTO, Feb. 24, 2016

Russell Investments will be altering the investment strategies of the Funds to target equity-like returns with lower volatility. The investment mix of these two Funds will incorporate a greater proportion of fixed income and foreign investments. While the Funds will continue to primarily invest in equities and real assets, they will also have a strategic allocation of approximately 30% to absolute return and fixed income asset classes.

“With this change, overall portfolio volatility is expected to be reduced by increasing the tactical nature of the product, greater use of high conviction defensive portfolios and the introduction of hedging and option strategies,” said David Feather, President and Chief Executive Officer of Russell Investments Canada Limited.

Russell Multi-Asset Growth Strategy adds a third option to our suite of multi-asset products which provide investors with active portfolios designed to deliver an outcome. Russell Investments’ multi-asset products include Russell Multi-Asset Fixed Income, Russell Multi-Asset Growth & Income and now Russell Multi-Asset Growth Strategy.

These changes will take effect on or about March 1, 2016. Further details about this change can be found in Amendment #5 to the Simplified Prospectus dated February 24, 2016. For more information please contact us at 1-888-509-1792.

About 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 referred to collectively s “Russell Investments”. Russell Investments was founded in 1936 and has its headquarters in Seattle, Washington. Russell Investments Canada Limited has its head office in Toronto.

Russell Investments is a global asset manager that offers actively managed, multi-asset portfolios and services that include advice, investments and implementation. Working with institutional investors, financial advisors and individuals, Russell Investments’ core capabilities extend across capital markets insights, manager research, factor exposures, portfolio implementation and portfolio construction. Russell Investments has approximately $318 billion CAD in assets under management (as of September 30, 2015). As a consultant, Russell Investments has $2.4 trillion USD in assets under advisement (as of December 31, 2014). It has four decades of experience researching and selecting investment managers from around the world. Russell has offices in Amsterdam, Auckland, Calgary, Chicago, Frankfurt, London, Melbourne, Milan, Montréal, New York, Paris, Seattle, Seoul, Sydney, Tokyo, Toronto and Vancouver.

Headquartered in Seattle, Washington, Russell Investments operates globally, including through its offices in Seattle, New York, London, Paris, Amsterdam, Milan, Dubai, Sydney, Melbourne, Auckland, Singapore, Seoul, Tokyo, Beijing, Toronto, Chicago, Milwaukee and Edinburgh. For more information about how Russell Investments helps to improve financial security for people, visit or follow @Russell_Invest

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