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Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Long Duration Bond Fund

RMHYX | Fund

$7.77

$252 M

4.15%

$0.32

0.35%

Vitals

YTD Return

-5.1%

1 yr return

-1.2%

3 Yr Avg Return

-3.8%

5 Yr Avg Return

N/A

Net Assets

$252 M

Holdings in Top 10

82.9%

52 WEEK LOW AND HIGH

$7.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.35%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 88.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$10,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 04/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Long Duration Bond Fund

RMHYX | Fund

$7.77

$252 M

4.15%

$0.32

0.35%

RMHYX - Profile

Distributions

  • YTD Total Return -5.1%
  • 3 Yr Annualized Total Return -3.8%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.99%
DIVIDENDS
  • Dividend Yield 4.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Long Duration Bond Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Nov 13, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Nott

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 (“RIM”) seeks to achieve the Fund’s investment objective by managing the Fund’s overall exposures (such as duration, sector, industry, region, currency, credit quality, yield curve positioning or interest rates). The Fund’s exposures are monitored and analyzed relative to the ICE BofA 10-15 Year US Treasury Index and RIM tilts the Fund’s exposures by over or underweighting any of the portfolio’s characteristics relative to the ICE BofA 10-15 Year US Treasury Index over the short, intermediate or long term.  RIM utilizes a variety of quantitative inputs and qualitative investment information and analysis in the management of the Fund to assess Fund characteristics and identify a portfolio which it believes will provide the desired exposures. After RIM has determined the Fund’s desired exposures, RIM invests the Fund’s assets in a variety of instruments, including securities of issuers in a variety of sectors of the fixed income market and fixed income currency derivatives, in order to reflect those desired exposures.  RIM may replicate indexes or may utilize techniques such as optimization and/or substitution of index constituents to seek to efficiently gain desired portfolio exposures.
The Fund invests principally in long duration bonds and defines long duration as durations greater than 9 years. The Fund has no restrictions on individual security duration. The Fund may invest in fixed income securities issued or guaranteed by the U.S. government or by any U.S. government agency or instrumentality, municipal debt obligations, U.S. corporate debt securities and Yankee Bonds (dollar denominated obligations issued in the U.S. or by non-U.S. banks and corporations). The Fund may invest in currency futures and options on futures, forward currency contracts, currency swaps and currency options for speculative purposes or to seek to protect a portion of its investments against adverse currency exchange rate changes. The Fund may invest in derivative instruments and may use derivatives to take both long and short positions. The Fund’s use of derivatives may cause the Fund’s investment returns to be impacted by the performance of securities the Fund does not own and result in the Fund’s total investment exposure exceeding the value of its portfolio. The Fund may invest in mortgage related securities, including mortgage-backed securities. A portion of the Fund’s net assets may be illiquid. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including tax-free and indexed commercial paper. The Fund may also invest in variable master demand
notes and stand-by-commitments. The Fund usually, but not always, exposes a portion of its cash to changes in interest rates or market/sector returns by purchasing fixed income securities and/or derivatives, which typically include exchange traded fixed income futures contracts, to be announced (“TBA”) securities and swaps. The Fund may lend its portfolio securities to earn income. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information.
Read More

RMHYX - Performance

Return Ranking - Trailing

Period RMHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -59.5% 0.9% 26.21%
1 Yr -1.2% -15.5% 19.7% 25.96%
3 Yr -3.8%* -4.3% 4.2% N/A
5 Yr N/A* -2.5% 4.1% N/A
10 Yr N/A* -3.0% 2.7% N/A

* Annualized

Return Ranking - Calendar

Period RMHYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -15.2% 0.9% 23.00%
2022 -19.6% -10.9% 12.2% N/A
2021 -5.8% -10.8% 14.8% N/A
2020 N/A -15.3% 0.6% N/A
2019 N/A -44.4% 14.4% N/A

Total Return Ranking - Trailing

Period RMHYX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.1% -59.5% 0.9% 22.33%
1 Yr -1.2% -16.6% 30.5% 23.22%
3 Yr -3.8%* -5.2% 10.9% N/A
5 Yr N/A* -2.8% 7.4% N/A
10 Yr N/A* -3.0% 3.6% N/A

* Annualized

Total Return Ranking - Calendar

Period RMHYX Return Category Return Low Category Return High Rank in Category (%)
2023 6.7% -15.2% 0.9% 23.00%
2022 -12.5% -10.9% 12.2% N/A
2021 -1.5% -10.8% 14.8% N/A
2020 N/A -15.3% 3.8% N/A
2019 N/A -44.4% 14.4% N/A

NAV & Total Return History

RMHYX - Holdings

Concentration Analysis

RMHYX Category Low Category High RMHYX % Rank
Net Assets 252 M 74.5 K 14.7 B 89.71%
Number of Holdings 184 4 4562 72.04%
Net Assets in Top 10 206 M -112 M 3.66 B 78.20%
Weighting of Top 10 82.85% 4.7% 100.0% 30.29%

Top 10 Holdings

  1. U.S. Treasury Bonds 16.58%
  2. U.S. Treasury Bonds 15.86%
  3. U.S. Treasury Bonds 14.04%
  4. U.S. Treasury Bonds 13.86%
  5. United States Treasury Note/Bond 10.65%
  6. U.S. Cash Management Fund 3.46%
  7. Tennessee Valley Authority 2.80%
  8. Tennessee Valley Authority 2.11%
  9. Federal Home Loan Banks 2.06%
  10. Federal National Mortgage Association 1.43%

Asset Allocation

Weighting Return Low Return High RMHYX % Rank
Bonds 		94.87% 0.00% 220.33% 0.47%
Convertible Bonds 		9.29% 0.00% 11.19% 1.42%
Cash 		4.97% -130.07% 95.62% 100.00%
Other 		0.17% -9.71% 100.00% 73.46%
Stocks 		0.00% 0.00% 7.47% 82.46%
Preferred Stocks 		0.00% 0.00% 2.87% 78.67%

Bond Sector Breakdown

Weighting Return Low Return High RMHYX % Rank
Corporate 		50.59% 0.00% 98.62% 12.50%
Government 		45.68% 0.30% 99.47% 50.48%
Cash & Equivalents 		3.46% 0.00% 95.62% 75.96%
Derivative 		0.12% 0.00% 74.77% 87.02%
Securitized 		0.00% 0.00% 52.02% 97.60%
Municipal 		0.00% 0.00% 7.95% 83.17%

Bond Geographic Breakdown

Weighting Return Low Return High RMHYX % Rank
US 		94.87% -5.52% 107.53% 0.47%
Non US 		0.00% 0.00% 112.80% 0.47%

RMHYX - Expenses

Operational Fees

RMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.35% 0.02% 3.65% 96.65%
Management Fee 0.15% 0.00% 2.08% 1.95%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.45% 46.15%

Sales Fees

RMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.00% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

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.

RMHYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 88.00% 6.00% 354.00% 52.66%

RMHYX - Distributions

Dividend Yield Analysis

RMHYX Category Low Category High RMHYX % Rank
Dividend Yield 4.15% 0.00% 17.40% 77.73%

Dividend Distribution Analysis

RMHYX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

RMHYX Category Low Category High RMHYX % Rank
Net Income Ratio 0.99% -1.08% 5.77% 74.02%

Capital Gain Distribution Analysis

RMHYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

RMHYX - Fund Manager Analysis

Managers

Greg Nott

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Greg Nott is Chief Investment Officer for Russell Investments Canada. Based in Toronto, Greg is responsible for all aspects of investment management, including leading the fixed income and multi-asset investment teams. Greg has 24 years of industry experience and has been with Russell Investments since 1998. Greg’s experience includes manager research analysis, fixed income portfolio management, and multi-asset portfolio management. Greg became CIO in 2011, and maintains his portfolio management responsibilities.

Albert Jalso

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Albert Jalso, Senior Portfolio Manager since March 2012. Albert’s career with Russell Investments includes working in their London office from 2011 to 2016. Albert joined the firm in 2007. Prior to joining Russell, Jalso worked at Bank of New York Mellon from September 2001 to April 2007, in various capacities, including as a credit research manager, a senior risk analyst and a senior financial analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 28.31 6.8 3.67

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