Russell Offers New Purchase Options and New Elite Share Class in Russell Sovereign Investment Program and Sovereign Diversified Monthly Income Portfolio

    New purchase options and Elite Class give advisors more flexibility to
    grow their businesses

    TORONTO, Oct. 31 /CNW/ - Russell Investments now offers more ways for
advisors to build assets and manage their businesses the way they want.
    The Russell Sovereign Investment Program ("Russell Sovereign") and the
Sovereign Diversified Monthly Income Portfolio ("SDMIP") is now available
under low load and front load purchase options for all eight pools. This is in
addition to our existing no-load option. We are also pleased to offer an
elite (E) share class for accounts of $500,000 or more.
    "We're excited to provide more choices for advisors and further
strengthen our product offering in the Russell Sovereign Investment Program
and SDMIP," says David Bullock, Russell Canada's managing director of
distribution and marketing.
    "The new purchase options and new share class offer more flexibility for
advisors to prospect for clients and grow their assets."

    New Purchase Options

    The following purchase option changes are outlined in the recent renewal
of the Russell Sovereign Investment Program's prospectus:

    A & B Class


        - Sales Fee: 0-5%
        - Trailers:
           - 0.25% for money market,
           - 0.82% for fixed income and core plus fixed income
           - 1.00% for SDMIP
           - 1.50% for equities


        - Sales Fee:
           - 2.50% on equities
           - 2.00% on SDMIP
           - 1.50% on fixed income and core plus fixed income
        - Trailers:
           - 0.25% for money market, fixed income, and core plus fixed income
           - 0.50% for equities

    New Share Class: E Class (Elite)

    In response to advisors' requests for more competitive fees on larger
accounts, we are pleased to introduce the new Sovereign Elite "E Class". The
new E Class is offered in no-load and front-load options and is designed to
give you an added advantage when prospecting to high net worth clients. The
minimum account size is $500,000.

        - No Load Trailers:
           - 0.10% for money market
           - 0.70% for fixed income and core plus fixed income
           - 1.20% for equities

        - Front-Load Sales Fee: 0-5%
        - Front-Load Trailers:
           - 0.10% for money market
           - 0.70% for fixed income and core plus fixed income
           - 1.20% for equities

    For more detailed information on the fund codes, MERS and compensation,
the Russell Sovereign pools, and the SDMIP please call our client service team
at 1-888-509-1792 or visit
    (*) Upon maturity (after 3 years) trailers for the low load pools will
        switch to 0.25% for money market, 0.82% for fixed income and core
        plus, and 1.50% for equity pools.

    About Russell

    Russell Investments is a global leader in multi-manager investing and one
of the world leaders in investment consulting. Russell advises institutional
clients with total assets of over C$2.0 trillion and manages approximately
C$229 billion in its investment management business.
    Russell supports its global operations by monitoring more than 4,000
manager firms and their 8,600 products.
    The Russell Investments serves institutional and individual investors
with a full range of investment services, including investment consulting,
investment funds which include private equity and hedge funds, transition
management, commission recapture and stock indexes. Founded in 1936, Russell
has its headquarters in Tacoma, Washington, USA and has principal offices in
Toronto, New York, London, Paris, Sydney, Singapore, Auckland, and Tokyo.
Russell Investments Canada Limited is a wholly-owned subsidiary of Frank
Russell Company. For more information, please go to
    Russell Investment Group is a registered trade name of Frank Russell
Company, a Washington, USA corporation. It operates in Canada through its
subsidiary Russell Investments Canada Limited. Frank Russell Company is a
subsidiary of The Northwestern Mutual Life Insurance Company.

    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.

    Mutual funds may be purchased through Russell's participating dealer. To
find out more information on these participating dealers, please call
1-888-509-1792. For mutual funds purchased under the no-load options,
management fee and operating expenses are paid by the mutual fund. However,
there may be trailing commissions with mutual funds purchased under this

For further information:

For further information: Thien Huynh, Russell Investments Canada
Limited, (416) 640-2529

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