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RFCSX Russell Strategic Bond I

  • Fund
  • RFCSX
  • Price as of: Dec 02, 2016
  • $10.69
  • + $0.01
  • + 0.09%
  • Category
  • Total Bond Market

RFCSX - Profile

Vitals

  • YTD Return 1.5%
  • 3 Yr Annualized Return 3.7%
  • 5 Yr Annualized Return 3.9%
  • Net Assets $5.52 B
  • Holdings in Top 10 17.5%

52 WEEK LOW AND HIGH

$10.69
$10.51
$11.17

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 159.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

N/A

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Intermediate-Term Bond

Distributions

  • YTD Total Return 3.0%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.58%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Russell Strategic Bond Fund
  • Fund Family Name Russell
  • Inception Date Jan 29, 1993
  • Shares Outstanding N/A
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Gerard Fitzpatrick

Fund Description

The fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in bonds. Russell Investment Management, LLC provides or oversees the provision of all investment advisory and portfolio management services for the fund, including developing the investment program for the fund and managing the fund's overall exposures.

RFCSX - Performance

Return Ranking - Trailing

Period RFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 1.5% -8.1% 202.4% 20.37% 2
1 Yr 5.1% -12.6% 13.2% 21.06% 2
3 Yr 3.7% * -5.8% 8.5% 13.70% 1
5 Yr 3.9% * -2.8% 9.4% 17.65% 1
10 Yr 5.0% * -1.7% 9.8% 21.43% 2

* Annualized


Return Ranking - Calendar

Period RFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -3.7% -33.0% 3.0% 45.64% 4
2014 2.0% -9.3% 14.9% 22.01% 2
2013 -3.8% -24.1% 40.4% 36.21% 3
2012 3.6% -100.0% 18.7% 25.84% 2
2011 1.0% -20.6% 15.5% 29.95% 3

Total Return Ranking - Trailing

Period RFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 3.0% -7.3% 205.2% 17.98% 1
1 Yr 5.1% -12.6% 16.3% 16.39% 1
3 Yr 3.7% * -7.2% 8.5% 12.40% 1
5 Yr 3.9% * -3.7% 9.4% 16.21% 1
10 Yr 5.0% * -1.7% 9.8% 20.77% 2

* Annualized


Total Return Ranking - Calendar

Period RFCSX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 0.1% -32.5% 4.5% 12.98% 1
2014 6.4% -8.3% 16.8% 7.20% 1
2013 -1.8% -12.9% 58.5% 37.68% 3
2012 10.0% -100.0% 35.2% 11.67% 1
2011 6.6% -20.7% 18.1% 15.22% 1

NAV & Total Return History

RFCSX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

RFCSX Category Low Category High RFCSX % Rank Quintile
Net Assets 5.52 B 319 K 176 B 4.07% 1
Number of Holdings 1538 1 17569 2.70% 1
Net Assets in Top 10 841 M -36 B 21.3 B 4.02% 1
Weighting of Top 10 17.5% 0.0% 1093.9% 23.09% 4

Top 10 Holdings

  1. Fed Natl Mort Assc 3% 2.62%
  2. US Treasury Note 1.5% 2.48%
  3. US Treasury Note 1.125% 1.93%
  4. Total Return Swap 1.62%
  5. Total Return Swap 1.61%
  6. Fed Natl Mort Assc 2.5% 1.60%
  7. US Treasury Bond 2.5% 1.47%
  8. US Treasury Note 1.375% 1.44%
  9. US Treasury Bond 2.25% 1.44%
  10. Interest Rate Swap 1.30%

Asset Allocation

Weighting Category Low Category High RFCSX % Rank Quintile
Bonds
83.03% -175.98% 192.68% 21.77% 5
Cash
11.45% -96.63% 275.92% 7.27% 2
Other
5.32% -30.71% 98.36% 2.54% 1
Preferred Stocks
0.14% -0.45% 17.13% 6.56% 2
Convertible Bonds
0.05% 0.00% 12.73% 5.39% 2
Stocks
0.01% -3.27% 98.09% 5.70% 2

Stock Sector Breakdown

Weighting Category Low Category High RFCSX % Rank Quintile
Financial Services
0.01% -0.47% 17.99% 7.56% 2
Utilities
0.00% -0.13% 4.31% 5.34% 2
Real Estate
0.00% -0.31% 15.95% 5.12% 2
Industrials
0.00% -0.83% 11.90% 5.34% 2
Healthcare
0.00% -1.47% 13.44% 4.34% 2
Technology
0.00% -2.37% 18.95% 5.23% 2
Energy
0.00% -0.88% 10.68% 5.45% 3
Communication Services
0.00% -0.57% 8.42% 3.89% 2
Consumer Defense
0.00% -0.34% 13.63% 4.89% 2
Consumer Cyclical
0.00% -0.36% 12.25% 5.67% 2
Basic Materials
0.00% -0.43% 12.15% 5.01% 2

Stock Geographic Breakdown

Weighting Category Low Category High RFCSX % Rank Quintile
Non US
0.01% -1.22% 96.69% 2.95% 1
US
0.00% -2.87% 90.73% 5.39% 3

Bond Sector Breakdown

Weighting Category Low Category High RFCSX % Rank Quintile
Government
29.85% -389.49% 128.09% 8.19% 2
Securitized
28.59% 0.00% 105.84% 15.36% 3
Corporate
24.39% 0.00% 221.70% 23.65% 4
Cash & Equivalents
11.36% -63.55% 416.01% 6.97% 1
Municipal
0.47% 0.00% 105.76% 10.73% 3
Derivative
0.01% -513.07% 38.63% 2.29% 1

Bond Geographic Breakdown

Weighting Category Low Category High RFCSX % Rank Quintile
US
75.31% -370.09% 180.29% 17.85% 4
Non US
7.72% -45.82% 351.70% 19.79% 4

RFCSX - Expenses

Operational Fees

RFCSX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.71% 0.00% 42.51% 11.09% 2
Management Fee 0.50% 0.00% 2.15% 2.44% 4
12b-1 Fee 0.00% 0.00% 1.00% 3.02% 1
Administrative Fee 0.05% 0.00% 0.63% 3.40% 1

Sales Fees

RFCSX Fees (% of AUM) Category Low Category High RFCSX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

RFCSX Fees (% of AUM) Category Low Category High RFCSX Rank Quintile
Max Redemption Fee N/A 0.25% 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.

RFCSX Fees (% of AUM) Category Low Category High RFCSX Rank Quintile
Turnover 159.00% 0.00% 1856.00% 7.43% 4

RFCSX - Distributions

Dividend Yield Analysis

RFCSX Category Low Category High RFCSX % Rank Quintile
Dividend Yield 0.2% 0.00% 1.30% 24.08% 4

Dividend Distribution Analysis

RFCSX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

RFCSX Category Low Category High RFCSX % Rank Quintile
Net Income Ratio 1.58% -1.76% 17.13% 15.98% 4

Capital Gain Distribution Analysis

RFCSX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

RFCSX - Managers

Gerard Fitzpatrick

Manager

Start Date

Aug 01, 2011

Tenure

5.25

Tenure Rank

5.1%

Gerard Fitzpatrick, Portfolio Manager since October 2007. Prior to joining Russell, Mr. Fitzpatrick was the CEO of West End Capital Advisors Ltd from 2004-2007.


Keith Brakebill

Manager

Start Date

Sep 12, 2013

Tenure

3.14

Tenure Rank

6.6%

Keith Brakebill, CFA® Senior Portfolio Manager, Investment Division Keith Brakebill is a portfolio manager on the global fixed income team, based in Seattle. In his role, Keith is responsible for managing a variety of fixed income funds for North American investors ranging from US Core Plus and Municipal bonds to Global High Yield and Emerging Market Debt. Prior to this role, Keith was an analyst on Russell’s global fixed income research team. His primary areas of research coverage included emerging market debt, long duration, short duration and municipals. Keith joined the firm in 2007. Prior to joining Russell, Keith graduated summa cum laude from the University of Tennessee’s college scholars program and continued his studies in the international policy studies program at Stanford University, where he also assisted in teaching undergraduate economics courses. Keith is fluent in Spanish and proficient in Portuguese. Keith holds an M.A. in International Policy Studies from Stanford University, and a B.A. (summa cum laude), from College Scholars, University of Tennessee. He is also a CFA® Charterholder.


Tenure Analysis

Category Low

0.0

Category High

27.9

Category Average

6.07

Category Mode

4.8