Shutdown Details

Russell said it will close the affected funds to new investment on Oct. 9, 2012.

The funds will then be delisted from either the New York Stock Exchange’s Arca platform or from the Nasdaq as of the close on Oct. 16, with each of the exchanges halting trading in the shares on Oct. 17.

Russell said the funds will be completely liquidated by Oct. 24, and that shareholders can sell their positions in the funds through Oct. 16.

Shareholders remaining on Oct. 16 will receive cash equal to the amount of the net asset value of their shares as of that date. That sum will include any capital gains and dividends.

Shareholders receiving the final liquidation cash distribution won’t incur transaction fees from their broker-dealer in connection with this distribution or the cancellation of their shares.

The Affected Funds

Following is a list of the funds Russell is shutting down:

• Russell 1000 High Beta ETF (NYSEArca: HBTA)
• Russell 1000 Low Beta ETF (NYSEArca: LBTA)
• Russell 1000 High Volatility ETF (NYSEArca HVOL)
• Russell 1000 Low Volatility ETF (NYSEArca: LVOL)
• Russell 1000 High Momentum ETF (NYSEArca: HMTM)
• Russell 2000 High Beta ETF (NYSEArca: SHBT)
• Russell 2000 Low Beta ETF  (NYSEArca: SLBT)
• Russell 2000 High Volatility ETF (NYSEArca: SHVY)
• Russell 2000 Low Volatility ETF (NYSEArca: SLVY)
• Russell 2000 High Momentum ETF (NYSEArca: SHMO)
• Russell Developed ex-U.S. Low Beta ETF (NYSEArca: XLBT)
• Russell Developed ex-U.S. Low Volatility ETF (NYSEArca: XLVO)
• Russell Developed ex-U.S. High Momentum ETF (NYSEArca: XHMO)
• Russell Aggressive Growth ETF (NYSEArca: AGRG)
• Russell Consistent Growth ETF (NYSEArca: CONG)
• Russell Contrarian ETF (NYSEArca: CNTR)
• Russell Equity Income ETF (NYSEArca: EQIN)
• Russell Growth at a Reasonable Price ETF (NYSEArca: GRPC)
• Russell Low P/E ETF (NYSEArca: LWPE)
• Russell Small Cap Aggressive Growth ETF (NasdaqGM: SGGG)
• Russell Small Cap Consistent Growth ETF (NasdaqGM: SCOG)
• Russell Small Cap Contrarian ETF (NasdaqGM: SCTR)
• Russell Small Cap Low P/E ETF (NasdaqGM: SCLP)
• Russell High Dividend Yield ETF (NYSEArca: HDIV)
• Russell Small Cap High Dividend Yield ETF (NYSEArca: DIVS)

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