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/ CORRECTION - Russell Investments

SEATTLE, WA -- (Marketwired) -- 04/02/14 -- In the news release, "First Quarter US Index Returns: Russell Indexes Tell a Positive Year-to-Date Performance Story in the U.S. as of March 31, With Midcap Stocks Leading the Way and Growth Outperforming Value Across for All Cap Tiers Except Microcap in the First Quarter," issued earlier today by Russell Investments, we are advised by the company that the mentions of "growth outperforming value" should read "value outperforming growth" throughout the release. Because of this, the Indexes table has been updated entirely. Complete corrected text follows.

First Quarter US Index Returns: Russell Indexes Tell a Positive Year-to-Date Performance Story in the U.S. as of March 31, With Midcap Stocks Leading the Way and Value Outperforming Growth Across for All Cap Tiers Except Microcap in the First Quarter

SEATTLE, WA -- April 2, 2014 -- The Russell U.S. Indexes as analyzed in this IDEA reflected slightly positive performance during the first quarter, with all cap tiers positive for 2014 as of March 31. In addition, value-oriented stocks outperformed growth-oriented stocks across small-, mid- and large-caps in the U.S. for the same time period. However, growth-oriented stocks outperformed value in the Russell Microcap Index.

The strongest year-to-date index performance of those analyzed belonged to the Russell MidCap® Index, which returned +3.5% in the first quarter. Midcaps were closely followed by microcaps (+3.0% return for the Russell Micrcocap® Index), then large caps (+2.0% return for the Russell 1000® Index) and small caps (+1.1% return for the Russell 2000® Index).

"U.S. index performance for the first quarter is consistent with our view that 2014 will continue to be a year of validation for the U.S. markets. Markets continue to look for an improvement in fundamentals to justify the increased multiples we saw in 2013," said Stephen Wood, chief markets strategist for Russell Investments. "We see the potential for positive, yet more 'normalized' higher single digit equity market returns in 2014. In this environment, stock selection will be critical for investors and skilled active managers may continue to find potential opportunities."

"The growth and value style cycle has provided investors with a greater level of insight since Russell introduced the first style indexes in 1987," said Russell Indexes senior research director Tom Goodwin. "In the past, growth often outperformed value when the market is relatively optimistic about earnings growth. The current data suggests that cap tier and style selection may also be important, along with stock selection."

For more information on the Russell growth and value indexes, go to the Russell Indexes website.


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Index                                      First Quarter 2014
-------------------------------------------------------------
Russell MidCap® Index                             3.5%
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Russell MidCap® Value Index                       5.2%
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Russell MidCap® Growth Index                      2.0%
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Russell Microcap® Index                           3.0%
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Russell Microcap® Growth Index                    4.8%
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Russell Microcap® Value Index                     1.8%
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Russell 1000® Index                               2.0%
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Russell 1000® Growth Index                        1.1%
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Russell 1000® Value Index                         3.0%
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Russell 2000® Index                               1.1%
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Russell 2000® Growth Index                        0.5%
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Russell 2000® Value Index                         3.0%
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Source: Russell Investments. Returns are total returns (reflect reinvestment of dividends and distributions) and are denominated in US dollars.

The Russell Global Index measures the performance of the global equity market based on all investable equity securities, and is constructed to provide a comprehensive and unbiased barometer for the global segment, The Index includes more than 10,000 securities in 47 countries, and covers 98% of the investable global market. All securities in the Russell Global Index are classified according to size, region, country and sector; as a result the index can be segmented into more than 300 distinct benchmarks.

Please note: Indexes are unmanaged and cannot be invested in directly. Returns represent past performance, are not a guarantee of future performance, and are not indicative of any specific investment. Russell's publication of the Indexes or Index constituents in no way suggests or implies a representation or opinion by Russell as to the attractiveness of investing in a particular security. Inclusion of a security in an Index is not a promotion, sponsorship or endorsement of a security by Russell and Russell makes no representation, warranty or guarantee with respect to the performance of any security included in a Russell Index.

Opinions expressed by Mr. Wood and Mr. Goodwin reflect market performance as of March 31, 2014 and are subject to change at any time based on market or other conditions without notice. Past performance does not guarantee future performance.

This material is not an offer, solicitation or recommendation to purchase any security.

Nothing contained in this material 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. The general information contained in this publication should not be acted upon without obtaining specific legal, tax and investment advice from a licensed professional. The information, analysis and opinions expressed herein are for general information only and are not intended to provide specific advice or recommendations for any individual entity.

Copyright © Russell Investments 2014. All rights reserved.

Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.

CORP-9381

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