RMYAX: Russell Inv Multi-Strategy Income A

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RMYAX Russell Inv Multi-Strategy Income A

  • Fund
  • RMYAX
  • Price as of: Jan 17, 2020
  • $10.11
    + $0.01 + 0.10%

Profile

RMYAX - Profile

Vitals

  • YTD Return 0.4%
  • 3 Yr Annualized Return 1.3%
  • 5 Yr Annualized Return N/A
  • Net Assets $993 M
  • Holdings in Top 10 251.0%

52 WEEK LOW AND HIGH

$10.11
$9.66
$10.20

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.34%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 128.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Jan 10, 2019
  • Standard (Taxable) $0
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.95%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Russell Investments Multi-Strategy Income Fund Class A
  • Fund Family Name
    Russell
  • Inception Date
    May 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Rob Balkema

Fund Description

The fund principally invests in a range of diversified income-producing investments. It will typically pursue strategies and invest in instruments which have historically produced a significant portion of their total return from income. The fund will generally invest 25% to 75% of its assets in equity or equity-related securities or instruments and 25% to 75% of its assets in fixed income or fixed income related securities or instruments.


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Categories

RMYAX - Mutual Fund Categories


Performance

RMYAX - Performance

Return Ranking - Trailing

Period RMYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.4% 3.6% 90.60%
1 Yr 4.3% -5.8% 28.8% 89.61%
3 Yr 1.3%* -6.4% 12.8% 72.97%
5 Yr N/A* -5.3% 7.6% N/A
10 Yr N/A* -2.0% 10.7% N/A

* Annualized

Return Ranking - Calendar

Period RMYAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -7.3% 25.8% 88.80%
2018 -6.8% -32.7% 7.5% 10.74%
2017 5.5% -3.7% 29.4% 66.28%
2016 4.9% -43.7% 16.1% 22.52%
2015 N/A -19.5% 1.0% N/A

Total Return Ranking - Trailing

Period RMYAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.4% 3.6% 90.60%
1 Yr 4.3% -5.8% 28.8% 89.41%
3 Yr 1.3%* -4.2% 12.8% 88.96%
5 Yr N/A* -5.0% 8.5% N/A
10 Yr N/A* -2.0% 10.8% N/A

* Annualized

Total Return Ranking - Calendar

Period RMYAX Return Category Return Low Category Return High Rank in Category (%)
2019 6.3% -7.3% 25.8% 88.80%
2018 -6.8% -32.7% 7.5% 30.37%
2017 5.5% -3.7% 29.4% 85.68%
2016 4.9% -43.7% 20.7% 58.35%
2015 N/A -19.5% 6.2% N/A

NAV & Total Return History


Holdings

RMYAX - Holdings

Concentration Analysis

RMYAX Category Low Category High RMYAX % Rank
Net Assets 993 M 1.73 M 116 B 48.36%
Number of Holdings 2092 53 4486 11.11%
Net Assets in Top 10 -423 K -423 K 21.2 B 100.00%
Weighting of Top 10 251.01% 4.9% 251.0% 1.15%

Top 10 Holdings

  1. Interest Rate Swap 37.64%
  2. Interest Rate Swap 37.41%
  3. Interest Rate Swap 35.22%
  4. Interest Rate Swap 35.14%
  5. Interest Rate Swap 21.27%
  6. Interest Rate Swap 21.08%
  7. Interest Rate Swap 20.42%
  8. Interest Rate Swap 20.41%
  9. Interest Rate Swap 11.31%
  10. Interest Rate Swap 11.12%

Asset Allocation

Weighting Return Low Return High RMYAX % Rank
Stocks
35.94% 21.14% 79.10% 87.74%
Bonds
26.67% 20.05% 72.18% 76.63%
Cash
23.99% -28.50% 50.88% 4.79%
Convertible Bonds
8.24% 0.00% 14.40% 4.41%
Other
3.03% -2.70% 68.30% 22.03%
Preferred Stocks
2.14% 0.00% 20.71% 14.56%

Stock Sector Breakdown

Weighting Return Low Return High RMYAX % Rank
Financial Services
16.80% 0.00% 41.89% 45.26%
Industrials
12.13% 0.23% 20.12% 20.70%
Real Estate
11.52% -2.05% 85.64% 22.24%
Consumer Cyclical
9.88% 0.00% 28.06% 44.87%
Energy
8.00% -0.17% 40.93% 31.53%
Healthcare
7.74% 0.00% 35.17% 74.47%
Technology
7.27% 0.00% 33.84% 80.66%
Basic Materials
6.97% 0.00% 16.11% 15.47%
Communication Services
6.96% 0.00% 28.30% 33.46%
Utilities
6.55% -0.17% 28.06% 20.31%
Consumer Defense
6.18% 0.00% 33.90% 74.85%

Stock Geographic Breakdown

Weighting Return Low Return High RMYAX % Rank
Non US
20.30% 1.19% 56.89% 62.07%
US
15.64% -0.12% 64.48% 87.74%

Bond Sector Breakdown

Weighting Return Low Return High RMYAX % Rank
Government
46.78% -0.45% 91.61% 22.61%
Cash & Equivalents
39.70% -20.20% 68.26% 5.36%
Securitized
5.31% 0.00% 70.44% 61.11%
Corporate
5.00% 0.00% 98.70% 91.95%
Derivative
3.21% -4.16% 42.46% 18.20%
Municipal
0.00% 0.00% 55.99% 71.46%

Bond Geographic Breakdown

Weighting Return Low Return High RMYAX % Rank
Non US
24.88% -9.35% 43.71% 7.66%
US
1.79% -0.51% 66.66% 98.66%

Expenses

RMYAX - Expenses

Operational Fees

RMYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.34% 0.07% 26.19% 40.23%
Management Fee 0.75% 0.00% 1.90% 74.71%
12b-1 Fee 0.25% 0.00% 1.00% 36.31%
Administrative Fee 0.05% 0.01% 0.40% 33.71%

Sales Fees

RMYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 2.50% 5.75% 25.00%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RMYAX 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.

RMYAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 128.00% 7.00% 474.00% 81.04%

Distributions

RMYAX - Distributions

Dividend Yield Analysis

RMYAX Category Low Category High RMYAX % Rank
Dividend Yield 0.69% 0.00% 1.81% 22.80%

Dividend Distribution Analysis

RMYAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Annually

Net Income Ratio Analysis

RMYAX Category Low Category High RMYAX % Rank
Net Income Ratio 2.95% -0.35% 6.29% 25.53%

Capital Gain Distribution Analysis

RMYAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

RMYAX - Fund Manager Analysis

Managers

Rob Balkema


Start Date

Tenure

Tenure Rank

May 01, 2015

4.67

4.7%

Rob Balkema, CFA Portfolio Manager, Multi-Asset Solutions Rob Balkema is a portfolio manager working on Russell Investments’ multi-asset funds, based in New York. In this role, Rob manages Russell Investments’ fiduciary solutions mandates which integrate Russell Investments’ equity, fixed income, real asset and alternative capabilities globally. He is tasked with creating strategic asset allocations for the portfolios, selecting active strategies or passive alternatives to populate asset classes and dynamically positioning the total portfolio in order to help clients achieve their objectives. Prior to his current role, Rob was a senior analyst in the investment process and risk group. In this role, Rob focused on improving the measurement, evaluation and enhancement of Russell Investments’ portfolio management practice. From 2006 until 2009, Rob was based in Seattle as a member of the global equity team, serving in multiple capacities. He was responsible for evaluating asset management firms worldwide that offer global, international and emerging market equity mandates and supported portfolio managers in the structuring and monitoring of Russell Investments’ global equity strategies. Rob holds a B.A. in Economics from Harvard College and holds a Chartered Financial Analyst® designation.

Brian Meath


Start Date

Tenure

Tenure Rank

May 01, 2015

4.67

4.7%

Brian Meath, CFA Chief Investment Officer, Multi-Asset Solutions, Investment Division B.A., International Studies, University of Washington; Master of International Business Studies, University of South Carolina; CFA Charterholder, CFA Institute; Licensed Registered Representative, FINRA Series 7 and 63 (Russell Financial Services, Inc., member FINRA) Brian has primary responsibility for the oversight of all multi-asset and balanced funds managed by Russell Investments globally. Brian is a player coach, and maintains a role in the day-to-day portfolio management responsibility for customized outsourcing solutions for large institutional clients, a series of commingled multi-asset funds, and a platform of retail mutual funds. He also oversees the multi-asset solutions team globally, which is comprised of three distinct groups, including: the Investment Strategy Team, the Global Client Strategy and Research team and the Multi-Asset Portfolio Management team. Brian re-joined Russell Investments in 2010, having previously been with the firm from 1995 to 2000, where he was head of global equity research. As founder and president of OTA Asset Management, Brian built a multi-strategy hedge fund platform and team that included volatility arbitrage, emerging market local currency debt, capital structure arbitrage, long/short technology, long/short small cap, and quantitative global equity. He set the strategy, managed the asset allocation and built the teams that ran the underlying strategies. Most recently, Brian launched Cause Investments & Effect Foundation, a multi-strategy platform designed to invest according to ESG principles and to donate profits to charity. Brian previously held several positions at Lazard Asset Management, including head of strategic planning and senior managing director of the firm’s business in Australia. Brian’s professional experience began at RCM Capital Management in San Francisco, where he developed the firm’s first coordinated effort to interact with the investment consulting community.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 28.02 6.23 0.53