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REQAX Russell US Defensive Equity A

  • Fund
  • REQAX
  • Price as of: Dec 01, 2016
  • $50.52
  • - $0.15
  • - 0.30%
  • Category
  • Large Cap Blend Equities

REQAX - Profile

Vitals

  • YTD Return 6.9%
  • 3 Yr Annualized Return 8.2%
  • 5 Yr Annualized Return 11.9%
  • Net Assets $628 M
  • Holdings in Top 10 16.2%

52 WEEK LOW AND HIGH

$50.52
$43.87
$51.02

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.09%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 97.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

N/A

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 7.8%
  • 3 Yr Annualized Total Return 6.1%
  • 5 Yr Annualized Total Return 10.6%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.07%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name Russell U.S. Defensive Equity Fund
  • Fund Family Name Russell
  • Inception Date Sep 02, 2008
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager David L. Hintz

REQAX - Performance

Return Ranking - Trailing

Period REQAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.9% -82.7% 186.5% 45.67% 3
1 Yr 4.2% -51.7% 28.0% 23.72% 2
3 Yr 8.2% * -14.4% 16.9% 12.84% 1
5 Yr 11.9% * -1.0% 19.4% 39.69% 3
10 Yr 5.1% * -0.2% 10.3% 46.42% 3

* Annualized


Return Ranking - Calendar

Period REQAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 1.0% -46.9% 5.7% 3.88% 1
2014 11.4% -51.7% 19.5% 14.14% 1
2013 28.9% -88.0% 41.8% 40.62% 3
2012 10.0% -100.0% 42.8% 67.29% 4
2011 3.4% -27.1% 13.3% 5.53% 1

Total Return Ranking - Trailing

Period REQAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.8% -82.7% 190.8% 43.52% 3
1 Yr -1.8% -52.5% 142.7% 80.37% 5
3 Yr 6.1% * -5.6% 57.6% 60.52% 4
5 Yr 10.6% * -1.0% 19.4% 77.97% 4
10 Yr 4.5% * -0.2% 10.3% 80.55% 5

* Annualized


Total Return Ranking - Calendar

Period REQAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.1% -40.3% 13.0% 12.90% 1
2014 13.0% -24.8% 54.2% 50.46% 3
2013 31.7% -93.4% 1119.1% 82.66% 5
2012 12.2% -100.0% 282.8% 87.38% 5
2011 4.5% -43.5% 45.5% 12.88% 1

NAV & Total Return History

REQAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

REQAX Category Low Category High REQAX % Rank Quintile
Net Assets 628 M 9.87 K 463 B 16.08% 3
Number of Holdings 512 1 3780 3.96% 1
Net Assets in Top 10 102 M 13.1 K 69.4 B 20.43% 4
Weighting of Top 10 16.2% 2.2% 297.1% 31.58% 5

Top 10 Holdings

  1. Exxon Mobil Corp 2.20%
  2. Johnson & Johnson 2.32%
  3. Procter & Gamble Co 1.86%
  4. Philip Morris International Inc 1.68%
  5. Alphabet Inc C 1.38%
  6. PepsiCo Inc 1.53%
  7. Verizon Communications Inc 1.29%
  8. UnitedHealth Group Inc 1.52%
  9. CVS Health Corp 1.08%
  10. Wells Fargo & Co 1.37%

Asset Allocation

Weighting Category Low Category High REQAX % Rank Quintile
Stocks
86.27% 0.00% 118.62% 24.26% 5
Cash
13.85% -103.42% 132.07% 2.45% 1
Preferred Stocks
0.00% 0.00% 90.60% 3.53% 2
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 2
Bonds
0.00% -13.88% 103.49% 7.25% 3
Other
-0.12% -81.75% 100.00% 11.29% 5

Stock Sector Breakdown

Weighting Category Low Category High REQAX % Rank Quintile
Healthcare
14.84% 0.00% 30.94% 10.45% 2
Consumer Defense
14.54% 0.00% 48.03% 3.46% 1
Financial Services
13.14% 0.00% 46.84% 19.97% 4
Technology
12.23% 0.00% 63.16% 23.50% 4
Industrials
11.13% 0.00% 48.43% 12.91% 2
Consumer Cyclical
6.15% 0.00% 47.61% 25.67% 5
Utilities
4.77% -3.74% 25.88% 3.46% 1
Energy
4.68% -3.67% 22.58% 20.33% 4
Communication Services
3.21% -3.08% 17.25% 12.91% 3
Basic Materials
0.82% 0.00% 23.55% 20.69% 5
Real Estate
0.76% -0.11% 12.73% 15.79% 4

Stock Geographic Breakdown

Weighting Category Low Category High REQAX % Rank Quintile
US
85.34% 0.00% 118.15% 23.38% 4
Non US
0.93% -0.64% 94.30% 19.86% 4

REQAX - Expenses

Operational Fees

REQAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.09% 0.02% 303.36% 14.43% 3
Management Fee 0.55% 0.00% 2.25% 3.59% 3
12b-1 Fee 0.25% 0.00% 1.00% 1.99% 2
Administrative Fee 0.05% 0.00% 0.45% 4.72% 1

Sales Fees

REQAX Fees (% of AUM) Category Low Category High REQAX Rank Quintile
Front Load 5.75% 0.00% 5.75% 0.44% 4
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

REQAX Fees (% of AUM) Category Low Category High REQAX Rank Quintile
Max Redemption Fee N/A 0.15% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

REQAX Fees (% of AUM) Category Low Category High REQAX Rank Quintile
Turnover 97.00% 0.00% 1754.00% 5.52% 5

REQAX - Distributions

Dividend Yield Analysis

REQAX Category Low Category High REQAX % Rank Quintile
Dividend Yield 0.5% 0.00% 11.20% 12.09% 1

Dividend Distribution Analysis

REQAX Category Low Category High Category Mode
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

REQAX Category Low Category High REQAX % Rank Quintile
Net Income Ratio 1.07% -2.05% 3.95% 10.68% 3

Capital Gain Distribution Analysis

REQAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency N/A Annually Daily Annually

REQAX - Managers

David L. Hintz

Manager

Start Date

Dec 18, 2013

Tenure

2.87

Tenure Rank

9.7%

David L. Hintz, CFA Portfolio Manager, Investment Division Russell Investments B.S., Business Administration, Walla Walla University M.B.A., Finance, Pacific Lutheran University CFA Charterholder, CFA Institute Dave Hintz leads the U.S. equity portfolio manager team for Russell Investments. In addition to his leadership role on the team, Dave has direct portfolio management responsibility for several of Russell’s large cap funds. Prior to his 4th quarter 2011 move into a full time role in the portfolio management group, Dave was head of U.S. equity research at Russell. Dave spent 16 years in the manager research group. During his initial 13 years in the manager research group, he covered all three large cap style universes at different points as an analyst. In mid-2010, Dave was asked to manage Russell’s U.S. growth and U.S. value funds while leading the US equity research team. As head of U.S. equity research, Dave provided the idea that led to the development of Russell’s Defensive and Dynamic style indexes. Dave has been with Russell since 1988. He initially worked in the company’s analytical services division and was named a supervisor in 1991. Prior to his 1995 transition into a manager research role, Dave was a senior consulting analyst with Russell’s consulting division, where he provided analytical support and client service to plan sponsors.


Richard F. Johnson

Manager

Start Date

Jun 03, 2014

Tenure

2.41

Tenure Rank

10.3%

Rich Johnson is a Portfolio Manager for Russell Investments on the U.S. Equity Portfolio Management team which he joined in June 2014. In this role, Johnson focuses on managing defensive and quantitative U.S. equity funds as well as Russell Separate Account large cap mixes. Prior to his current role, Johnson was a Senior Portfolio Manager responsible for Russell Direct Investments where he managed direct investing strategies and headed portfolio management of Russell ETFs. He served in this role since he joined Russell in May 2010. He is also a member of Russell’s Direct Investments Sounding Board. Prior to joining Russell, Johnson was a Senior Portfolio Manager at Menta Capital, a $1 billion AUM upstart hedge fund in San Francisco founded by former Barclays Global Investors executives, where he was responsible and accountable for the launch, management and performance of long/short equity-market-neutral strategies investing in the United Kingdom and Continental Europe. In this role he focused on building and backtesting stock selection models and signals, successfully increasing the information ratio of managed strategies. Prior to Menta, Johnson was a portfolio manager and co-founder of Crescat Partners, a global macro hedge fund established to hedge and exploit economic imbalances that evolved into the Global Financial Crisis. In this role, he was instrumental in designing the investment process around macroeconomic imbalances and identifying actionable investment opportunities. The Crescat Global Macro Fund was rated a 5 star fund by Morningstar. Prior to managing hedge fund assets, Johnson was a portfolio manager on the core equity team with $12 billion AUM at McMorgan & Company. He managed a high quality U.S. Large Cap equity portfolio for five years designed to outperform the S&P 500 over a market cycle with less risk than the fund’s benchmark. For six years prior to McMorgan, Johnson was a principal at Barclays Global Investors, now part of BlackRock, and served in several roles of responsibility including (Acting) Head of U.S. Equity Index Investments, responsible for the day-to-day management of U.S. Equity Index Investments with $320 billion AUM. At BGI, he had direct portfolio management responsibility and managed funds including the Flagship S&P 500 index strategy with $120 billion AUM. He also managed High Yield and Low P/E Tilt strategies, Enhanced S&P 500 strategy, and optimized strategies in the Extended Market. Rich Johnson is a member of the CFA Institute, CFA San Francisco, and the Chicago Quantitative Alliance.


Tenure Analysis

Category Low

0.0

Category High

81.0

Category Average

6.06

Category Mode

4.8