Jesse Davidson

Investment management fees vary widely based on the strategy, product type, account size, and customization requirements, and are negotiated in advance and specified in the written agreement or prospectus.

• Registered Funds: Gross advisory fees vary by fund, are calculated as a percentage of daily net assets, and are billed monthly.
• Institutional Separate Accounts: Fees are determined through negotiation and are generally billed quarterly or deducted from the account.
• Private Funds: Management fees are set forth in the fund's offering documents and are generally billed quarterly and paid directly by the fund.
• Separately Managed Account Models and Personalized Managed Accounts: Fees are negotiated with the financial intermediaries and paid quarterly in arrears or in advance.
• Wrap Fee Program Models: Russell Investment Management does not receive a direct fee for model delivery when models contain affiliated registered funds; instead, compensation is received through fund-level fees and prospectuses.