PMA Account Maintenance| Russell Investments

RIM will use best efforts to execute requests received in good form prior to 10am Pacific Time (PT) same day; however, this does not guarantee a specific timeframe for processing and completion. Requests submitted after 10am PT will not be processed until the following business day on a best effort basis. It is not uncommon for trade execution to extend from one up to several days due to the customized, separately managed nature of the firm’s portfolio management activities. Standard settlement time is T+2 from trade date.

I acknowledge all mutual funds and ETFs not on the acceptable ETF list must be liquidated to cash. If mutual funds or non-acceptable ETFs are not liquidated prior to account opening, Russell Investments will instruct the advisor or home office to liquidate before any action can be taken on the account. Unless specified in the YTD realized net long/short term gain/loss fields, the realized gain/loss from the liquidation of the mutual funds and/or non-acceptable ETFs will not be taken into consideration if a transition or budget is selected, and any tax or capital gains budget specified must also exclude the gains or losses from the liquidation of mutual funds or non-acceptable securities. If you would like the realized gain/loss of the liquidated mutual funds and/or non-acceptable securities to be included in the management of the account this year, please complete the above two YTD realized net long/short term gain/loss fields based on the realized gains/losses from liquidating the securities and include them in any tax or capital gain budget specified.

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

Frank Russell Company is the owner of the Russell 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 to use under license from Frank Russell Company. The members of the Russell Investments group of companies are not affiliated in any manner with Frank Russell Company or any entity operating under the “FTSE RUSSELL” brand.

Russell Investment Company mutual funds are distributed by Russell Investments Financial Services, LLC, member FINRA, part of Russell Investments.

First used: February 2025
RIM-03696

DESCRIPTION OF CUSTOMIZABLE INPUTS

Advisor information

Account number – Enter your client’s account number

Advisor's firm name – Enter your firm’s name

Advisor's name – Enter your first and last name

Advisor's email address – Enter your email address

Client’s name – Enter the name of the client who this onboarding form is for

Advisor's CRD number – Enter your CRD number. To find your CRD number, go to adviserinfo.sec.gov.

Request type – Select the type(s) of changes you are requesting for this account

Stock contribution
Approximate market value – Enter the approximate current market value for the set of securities that will be contributed

List the ticker symbols for stock to be contributed – List the ticker symbols or CUSIPs for the securities that will be contributed.

Cash withdrawal
Withdrawal amount – Enter the cash amount that will be withdrawn from the account

Withdrawal frequency – Select the frequency that the withdrawal will be made. This can be selected as a one-time action or as a recurring action.

Start date – Enter the date that the withdrawal will be made

End date (optional) – If this is a recurring withdrawal and there is a known end date, enter it here

Stock withdrawal
If you are withdrawing five or fewer security lots, you can directly enter them into the table. Use the “Add Row” button to add extra rows to the maximum of five.

Ticker symbol – Enter the ticker symbol or CUSIP of each security to be withdrawn

Purchase date – Enter the purchase date of each security to be withdrawn

Quantity – Enter the number of shares of each security to be withdrawn

Cost Per Share – Enter the purchase price per share of each security to be withdrawn

File upload option – If you are withdrawing more than five security lots, list them in a spreadsheet (Excel or CSV or TXT file, maximum of 100 kb) and use the Choose File option to upload it

Add, change, or remove stock restrictions
The following types of restrictions may be applied to securities:

Do Not Buy – For the specified security, the account is allowed to keep any preexisting holdings, but is restricted from any additional buys. Specified security stays in model the account is tracking

Do Not Sell – For the specified security, the account is allowed to keep any preexisting holdings, but is restricted from any additional sells. Specified security stays in model the account is tracking

Do Not Trade – Combination of both no buy and no sell

Do Not Hold – For specified security, the account is forced to liquidate any preexisting holdings and no future buys are allowed. Specified security is removed from the model the account is tracking, remaining names are increased pro rata in the model. All ESG screens are applied in this manner.

Add the following restrictions to the following securities – If you have five or fewer restrictions to add, use this table. Enter the ticker symbol and select the type of restriction for each security.

File upload – If you need to make changes to more than five securities, list them in a spreadsheet (Excel or CSV or TXT file, maximum of 100 kb) and update it using the Choose File button

Remove all restrictions? – If you wish to remove all stock restrictions from the account, select Yes. Selecting this option will inactivate all of the other options in the Add, Change, or Remove Stock Restrictions section

Remove any restrictions from the following securities – Enter a list of one or more ticker symbols for which all restrictions should be removed

Strategy change
Current strategy – Select the PMA strategy that the account is currently invested in from the list

New strategy – If you are changing strategies, select the new strategy from this list. If you are changing a dividend overlay or municipal bond state restriction, set this to “No change”

Factor overlay – These will emphasize a specific investment style

Dividend: available for the Personalized DI Large Cap SMA (S&P 500 Index benchmark) and Personalized DI All Cap SMA (Russell 3000 Index benchmark) strategies only.

Seeks to provide dividend yield on average above benchmark in a tax efficient manner, harvesting losses when opportunity exists. This overlay screens for companies that pay dividends, as non-dividend paying stocks are excluded. Additionally, this overlay screens for sustainability of dividends by removing the bottom quartile of companies based on their distance to default. Typical holding range for DI Large Cap is between 100 – 150 stocks and for DI All Cap is between 180 – 240 stocks when overlay is applied. To maintain neutral sector exposure relative to the respective benchmark, and to aid with individual security weights & concentration, two controls are applied: 1) minimum number of stocks per sector where available and 2) maximum overweight allowances relative to benchmark weight. To ensure accounts hold stocks that meet this criteria, semi-annual rebalancing may be implemented.

Muni state specific overlay – Use this to add or remove a state restriction to a municipal bond strategy. This option is only available for the Personalized Municipal Bond 1-5 Year Ladder or Personalized Municipal Bond 1-10 Year Ladder strategies

Budget change
What type of annual budget do you want to have applied to the account – Select the option from the list; see the List of Transition Options below for their definitions

Depending on the selection above, you will also see one of the questions below

Transition over what number of years? – select the number of years that will be used to transition your account

Tax budget – Enter a budget amount. This is the annual tax budget selected for ongoing management of the account. The budget will automatically be set to 0 each year. If you would like to update or renew your budget, you will be given the opportunity to do so at the beginning of each year and can always submit a PMA maintenance form at any point throughout the year.

Net long term capital gains budget – Enter a budget amount. This is the annual net long term capital gain budget selected for ongoing management of the account. The budget will automatically be set to 0 each year. If you would like to update or renew your budget, you will be given the opportunity to do so at the beginning of each year and can always submit a PMA maintenance form at any point throughout the year.

Short term capital gains budget – Enter a budget amount. The budget will automatically be set to 0 each year. If you would like to update or renew your budget, you will be given the opportunity to do so at the beginning of each year and can always submit a PMA maintenance form at any point throughout the year.

Long term capital gains budget – Enter a budget amount. The budget will automatically be set to 0 each year. If you would like to update or renew your budget, you will be given the opportunity to do so at the beginning of each year and can always submit a PMA maintenance form at any point throughout the year.

Estimated realized tax from transition analysis (if available) – If you were provided with a transition analysis based on the budget selection you entered above, please enter the realized tax here. This is required if you selected the Number of Years Transition option

Estimated tracking error from transition analysis (if available) – If you were provided with a transition analysis based on the budget selection you entered above, please enter the tracking error here. This is required if you selected the Number of Years Transition option

Account profile change
New advisor name – Please enter first and last name here if there is a change in the advisor’s name

New advisor CRD number – Please enter a new CRD number if it has changed since the account was incepted with Russell Investments

New address – If there has been a change of address of the advisor firm, enter line 1 and line 2 of the new address here

New email address – If there has been a change in the advisor’s email address, enter it here

New federal short term capital gains tax rate – If your client’s rate has changed, enter it here

New federal long term capital gains tax rate – If your client’s rate has changed, enter it here

New state tax rate – If your client’s rate has changed, enter it here

Dividend sweep
A sweep account is a bank or brokerage account that automatically transfers amounts that exceed a certain level into a higher interest-earning investment option at the close of each business day.

Link Accounts
Do you have any Russell Investments PMA accounts that you would like linked for wash sale purposes? A wash sale is a transaction in which an investor sells or trades a security at a loss and purchases "a substantially similar one" 30 days before or 30 days after the sale. If you have additional PMA accounts you would like linked, select Yes. If not, select No.

List all Russell Investments PMA account numbers here – If you have additional PMA accounts you want to have linked for wash sale purposes, please provide those PMA account numbers.

List Of Transition Options

Cash Account/Immediate Transition – Account will be invested or transitioned to target strategy and Russell Investments will have full discretion at inception and on an ongoing basis.

Tax Budget Transition – Tax budget monitoring will be derived from tax rates specified. Short-term losses and long-term gains can be used to offset each other and vice-versa. Budget will automatically be renewed at the beginning of each year.

Cap Gain Budget Transition - Separate ST and LT – Specified short-term and long-term capital gain budgets are adhered to independently. In this situation, we will not use short-term losses to offset long-term gains, or vice-versa. Budget will automatically be renewed at the beginning of each year.

Cap Gain Budget Transition - Net Long Term – Short-term losses can be used to offset long-term gains up to specified budget amount. Budget will automatically be renewed at the beginning of each year.

Timeline Based Transition (3 or 5 years) – Account will be transitioned into the selected PMA strategy by the end of the 3- or 5-year selection. This option allows the client to have control of the pace of transition and allows for spreading out the tax liability over tax years, but the realized taxes each year will vary. Each year Russell Investments will recalculate the budget for the accounts based on changes in the portfolio composition and markets.

Cash Account/Immediate Transition With Ongoing Tax Budget – Account will be invested or transitioned to target strategy and Russell Investments will have full discretion at inception. Specified budget will be adhered to if needed in perpetuity post inception. Tax budget monitoring will be derived from tax rates specified. Budget will automatically be renewed at the beginning of each year.

Cash Account/Immediate Transition With Ongoing Cap Gain Budget - Separate ST and LT – Account will be invested or transitioned to target strategy and Russell Investments will have full discretion at inception. Specified budget will be adhered to if needed in perpetuity post inception. Specified short-term and long-term capital gain budgets are adhered to independently. In this situation, we will not use short-term losses to offset long-term gains, or vice-versa. Budget will automatically be renewed at the beginning of each year.

Cash Account/Immediate Transition With Ongoing Cap Gain Budget - Net Long Term – Account will be invested or transitioned to target strategy and Russell Investments will have full discretion at inception. Specified budget will be adhered to if needed in perpetuity post inception. Short-term losses can be used to offset long-term gains up to specified budget amount. Budget will automatically be renewed at the beginning of each year.

Category and Theme-Based Restriction Definitions

Abortion & Contraceptives - Sustainalytics, company operates facilities, manufactures applicable products, no revenue threshold

Adult Entertainment - Sustainalytics, company is involved in production or distribution, revenues exceed 10%

Alcohol - GICS subindustry

Cannabis - Sustainalytics, company is involved in development, cultivation, distribution for either medical or recreational purposes, no revenue threshold

Controversial Weapons - Sustainalytics, company involved in core weapon system or components considered critical, no revenue threshold

Firearms - Sustainalytics, manufactures and sells firearms (assault weapons, small arms, key components of small arms) to civilian and/or law enforcement customers, revenues exceed 10%

Gambling - GICS subindustry

Military Contracting - Sustainalytics, company manufactures military weapon systems, tailor-made products or services for military defense, revenue exceed 10%

Oil & Gas - Sustainalytics, company is involved in oil and gas exploration, production, refining, transportation and/or storage, revenues exceed 10%

Riot Control - Sustainalytics, company manufactures protection equipment and/or riot control weapons, no revenue threshold

Thermal Coal - Sustainalytics, company extracts thermal coal or generates electricity from coal, revenues exceed 10%

Tobacco - GICS subindustry

Catholic Values* - Abortion & Contraceptives: company operates facilities, manufactures applicable products, no revenue threshold. Human Embryonic Stem Cell & Fetal Tissue: involved in use of stem cells or fetal cell lines for vaccine development, no revenue threshold. Adult entertainment: Sustainalytics, company is involved in production or distribution, revenues exceed 10%. Gambling & Tobacco: GICS subindustries. Cannabis: Sustainalytics, development, cultivation or distribution for recreational purposes, revenues exceed 10%. Controversial weapons: Sustainalytics, company involved in core weapon system or components considered critical, no revenue threshold. Firearms: Sustainalytics, manufactures and sells assault weapons, small arms, or key components of small arms, revenues exceed 10%. Violations of the UN Global Compact on Human Rights and the Environment: Sustainalytics, companies flagged as non-Compliant. Biodiversity: Sustainalytics, companies involved in Severe controversies related to a firm’s use or management of emissions, effluents, water, land use and biodiversity.

Human Rights & Social Impact - Private Prisons: Sustainalytics, companies that own or operate private prisons. Firearms: Sustainalytics, manufactures and sells assault weapons, small arms, or key components of small arms, revenues exceed 10%. Controversial weapons: Sustainalytics, company involved in core weapon system or components considered critical, no revenue threshold. Riot control: Sustainalytics, company manufactures protection equipment and/or riot control weapons, no revenue threshold. Violations of the UN Global Compact on Human Rights and the Environment: Sustainalytics, companies flagged as non-Compliant. Environmental Impact - Thermal Coal: Sustainalytics, company extracts thermal coal or generates electricity from coal, revenues exceed 10%; Biodiversity: Sustainalytics, companies involved in Severe controversies related to a firm’s use or management of emissions, effluents, water, land use and biodiversity; Palm Oil: Sustainalytics, companies involved in the production and/or distribution of palm oil; Oil sands, arctic oil and gas exploration: Sustainalytics, companies that extract oil sands or are involved in oil and gas exploration in Arctic regions, no revenue threshold; Oil & gas: Sustainalytics, company is involved in oil and gas exploration, production, refining, transportation and/or storage, revenues exceed 10%; Violations of the UN Global Compact on Human Rights and the Environment: Sustainalytics, companies flagged as non-Compliant;

* Catholic Values screens selected based on the US Conference of Catholic Bishops’ Socially Responsible Investment Guidelines (2021)