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Name

As of

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

Russell Investments Opportunistic Credit Fund

RCCEX |

-

$580 M

-

1.62%

Vitals

YTD Return

-5.8%

1 yr return

-7.1%

3 Yr Avg Return

-3.9%

5 Yr Avg Return

-0.8%

Net Assets

$580 M

Holdings in Top 10

39.3%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.62%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 82.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

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

Russell Investments Opportunistic Credit Fund

RCCEX |

-

$580 M

-

1.62%

RCCEX - Profile

Distributions

  • YTD Total Return -5.8%
  • 3 Yr Annualized Total Return -3.9%
  • 5 Yr Annualized Total Return -0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Russell Investments Opportunistic Credit Fund
  • Fund Family Name
    Russell
  • Inception Date
    Sep 30, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States

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. The Fund invests in various tactical global bond opportunities including high yield debt securities, emerging markets debt securities (including Brady Bonds), U.S. and non-U.S. corporate debt securities, Yankee Bonds (dollar denominated obligations issued in the U.S. by non-U.S. banks and  
corporations), fixed income securities issued or guaranteed by the U.S. government (including Treasury Inflation Protected Securities and zero coupon securities) or by non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality (including emerging markets sovereign debt) and investment grade securities. 
Russell Investment Management, LLC (“RIM”) provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Fund is advised by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-manager approach. RIM may change a Fund's asset allocation at any time. The Fund’s money managers select the individual portfolio instruments for the assets assigned to them. RIM manages assets not allocated to money manager strategies and utilizes quantitative and/or rules-based processes and qualitative analysis to assess Fund characteristics and invest in securities and instruments which provide the desired exposures.  RIM may use strategies based on indexes. RIM also manages the Fund's cash balances. 
The Fund may invest in debt securities that are rated below investment grade (commonly referred to as “high yield” or “junk bonds”) and in “distressed” debt securities. The Fund may invest in mortgage-backed and asset-backed securities. The Fund may invest without limitation in securities denominated in foreign currencies, in U.S. dollar-denominated securities of foreign issuers and in developed and emerging markets debt securities. The Fund considers the following countries to have developed markets: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States. As a general rule, the Fund considers emerging market countries to include every other country. 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 synthetic foreign fixed income securities, which may be referred to as local access products, credit linked notes and participation notes. Local access products are similar to options in that they are exercisable by the holder for an underlying security or the value of that security, but are generally exercisable over a longer term than typical options. 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 total return swaps, index credit default swaps and to be announced (“TBA”) securities. The Fund may also purchase loans and other direct indebtedness, including bank loans (also called “leveraged loans”). The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper. The Fund may invest in convertible securities, including contingent convertible securities. A portion of the Fund’s net assets may be “illiquid” investments. The Fund may invest in variable and floating rate securities. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information. 
Read More

RCCEX - Performance

Return Ranking - Trailing

Period RCCEX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -55.0% 9.1% 90.63%
1 Yr -7.1% -55.3% 10.9% 91.42%
3 Yr -3.9%* -40.3% 4.9% 95.56%
5 Yr -0.8%* -35.0% 21.0% 86.45%
10 Yr N/A* -3.6% 1.2% N/A

* Annualized

Return Ranking - Calendar

Period RCCEX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -35.1% 11.0% 73.37%
2022 -8.4% -48.0% 0.8% 86.58%
2021 5.3% -14.8% 8.5% 4.71%
2020 6.5% -11.2% 19.1% 8.61%
2019 -6.8% -51.1% 4.0% 75.88%

Total Return Ranking - Trailing

Period RCCEX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -55.0% 9.1% 90.63%
1 Yr -7.1% -55.3% 6.4% 92.01%
3 Yr -3.9%* -40.3% 3.7% 96.93%
5 Yr -0.8%* -35.0% 21.0% 91.63%
10 Yr N/A* -3.6% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period RCCEX Return Category Return Low Category Return High Rank in Category (%)
2023 4.5% -35.1% 12.0% 75.54%
2022 -8.4% -48.0% 4.5% 90.27%
2021 5.3% -14.8% 14.0% 25.00%
2020 6.5% -11.2% 22.5% 28.09%
2019 -6.8% -51.1% 4.0% 85.09%

RCCEX - Holdings

Concentration Analysis

RCCEX Category Low Category High RCCEX % Rank
Net Assets 580 M 5 M 126 B 55.39%
Number of Holdings 1219 5 7722 19.54%
Net Assets in Top 10 5.67 M -418 M 29.7 B 85.92%
Weighting of Top 10 39.31% 4.8% 214.0% 25.36%

Top 10 Holdings

  1. Credit Default Swap 10.82%
  2. Credit Default Swap 10.70%
  3. Credit Default Swap 5.60%
  4. Credit Default Swap 5.50%
  5. Credit Default Swap 1.86%
  6. Credit Default Swap 1.70%
  7. Credit Default Swap 1.02%
  8. Credit Default Swap 0.99%
  9. United States Treasury Bills 0.17% 0.57%
  10. Pemex Project Funding Master Trust 6.62% 0.55%

Asset Allocation

Weighting Return Low Return High RCCEX % Rank
Bonds 		88.30% 14.17% 155.51% 62.57%
Cash 		9.85% -71.09% 75.97% 20.11%
Other 		0.75% -8.59% 18.26% 12.36%
Preferred Stocks 		0.56% 0.00% 39.23% 33.05%
Convertible Bonds 		0.35% 0.00% 25.18% 75.29%
Stocks 		0.20% -0.27% 13.09% 36.57%

Stock Sector Breakdown

Weighting Return Low Return High RCCEX % Rank
Financial Services 		82.26% 0.00% 100.00% 8.09%
Communication Services 		17.73% 0.00% 100.00% 16.60%
Technology 		0.01% 0.00% 29.78% 29.36%
Utilities 		0.00% 0.00% 100.00% 99.57%
Real Estate 		0.00% 0.00% 100.00% 99.57%
Industrials 		0.00% 0.00% 100.00% 99.57%
Healthcare 		0.00% 0.00% 100.00% 99.57%
Energy 		0.00% 0.00% 100.00% 99.57%
Consumer Defense 		0.00% 0.00% 23.37% 99.15%
Consumer Cyclical 		0.00% 0.00% 100.00% 99.15%
Basic Materials 		0.00% 0.00% 29.64% 99.15%

Stock Geographic Breakdown

Weighting Return Low Return High RCCEX % Rank
Non US 		0.13% 0.00% 2.14% 20.40%
US 		0.07% -0.33% 12.79% 45.40%

Bond Sector Breakdown

Weighting Return Low Return High RCCEX % Rank
Corporate 		48.29% 0.00% 94.51% 55.46%
Securitized 		16.10% 0.00% 99.22% 51.44%
Derivative 		16.00% -0.44% 47.67% 10.63%
Government 		10.68% 0.00% 99.16% 45.69%
Cash & Equivalents 		8.92% 0.02% 84.27% 27.87%
Municipal 		0.00% 0.00% 36.37% 99.14%

Bond Geographic Breakdown

Weighting Return Low Return High RCCEX % Rank
US 		71.52% 13.35% 135.69% 41.95%
Non US 		16.78% -16.32% 68.65% 62.93%

RCCEX - Expenses

Operational Fees

RCCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.62% 0.06% 24.26% 31.67%
Management Fee 1.00% 0.00% 2.25% 87.85%
12b-1 Fee N/A 0.00% 1.00% 21.86%
Administrative Fee 0.05% 0.04% 0.70% 19.63%

Sales Fees

RCCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RCCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

RCCEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 82.00% 0.00% 421.00% 56.59%

RCCEX - Distributions

Dividend Yield Analysis

RCCEX Category Low Category High RCCEX % Rank
Dividend Yield 0.00% 0.00% 5.81% 98.90%

Dividend Distribution Analysis

RCCEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

RCCEX Category Low Category High RCCEX % Rank
Net Income Ratio 4.56% 0.96% 18.14% 12.83%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RCCEX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 29.32 5.6 5.67

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