Nine KBSH portfolios are available through the SMA Program of Russell Investments. Balanced Canadian Core Objective: To achieve capital appreciation with moderate risk by investing in a mix of primarily common stocks of Canadian, U.S. and International companies and high quality Canadian corporate and government bonds. Foreign content will be limited to a 30% maximum exposure. Balanced Objective: To achieve capital appreciation with moderate risk by investing in primarily global common stocks and high quality Canadian corporate and government bonds. Total Equity Objective: To achieve superior long-term investment returns by investing in primarily common stocks of Canadian, U.S. and International companies with sustainable competitive advantages, strong financial positions, superior management and high earnings growth potential. Two portfolios are available: Total Equity and Total Equity Canadian Core (max. 30% foreign content). North American Equity Objective: To achieve superior long-term investment returns by investing in primarily common stocks of Canadian and U.S. companies with sustainable competitive advantages, strong financial positions, superior management and high earnings growth potential. Two portfolios are available: North American Equity and North American Equity Canadian Core (max. 30% foreign content). Canadian Equity Objective: To achieve superior long-term investment returns by investing in primarily common stocks of Canadian companies with sustainable competitive advantages, strong financial positions, superior management and high earnings growth potential, many of which are also global leaders in their respective industries. U.S. Equity Objective: To achieve superior long-term investment returns by investing in primarily common stocks of U.S. companies with sustainable competitive advantages, strong financial positions, superior management and high earnings growth potential. Diversified Income Objective: To generate a consistent level of income with an absolute return focus, limiting variability through a diversity of securities - primarily corporate bonds (investment grade and high yield), income trusts and Canadian, U.S. and International dividend-paying equities. For more information on the SMA program speak to your financial planner or investment advisor or visit the Russell web site: http://www.russell.com/ca