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Trending ETFs

Name

As of 09/27/2023

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

$8.42

$99.1 M

0.00%

$0.00

2.50%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$99.1 M

Holdings in Top 10

99.9%

52 WEEK LOW AND HIGH

$8.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 275.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 09/27/2023

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

$8.42

$99.1 M

0.00%

$0.00

2.50%

RUTCX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Unconstrained Total Return Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Sep 22, 2016
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gerard Fitzpatrick

Fund Description

The Fund seeks to achieve its objective by opportunistically investing in a broad range of fixed income securities across sectors, the globe and the credit quality and maturity spectrums, with an emphasis on higher-yielding securities. The Fund’s fixed income investments may include 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), emerging markets debt securities (including Brady Bonds), high yield fixed income securities, investment grade fixed income securities, “distressed” debt securities and mortgage-backed and asset-backed securities. The Fund may also invest in other asset classes in order to seek to achieve its objective, including equity securities. The Fund is managed with a benchmark agnostic approach, meaning that the Fund’s benchmark is not determinative of what instruments and asset classes are selected for the Fund. As a result, the Fund’s relative performance may have wider deviation from the benchmark’s performance than would a fund that seeks to track the performance of its benchmark. 
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 without limitation in securities denominated in foreign currencies and in U.S. dollar-denominated securities of foreign issuers. The Fund considers emerging market countries to include every country in the world except 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. Emerging market countries also include frontier market countries, which are less developed than traditional emerging market countries. 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 may also purchase loans and other direct indebtedness, including bank loans (also called “leveraged loans”). The Fund may enter into repurchase agreements and reverse repurchase agreements. The Fund may invest in money market securities and commercial paper, including asset-backed commercial paper. The Fund may invest in bank obligations. 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 invest in puts, stand-by commitments and demand notes, including variable rate demand notes. The Fund may invest in pooled investment vehicles, including other investment companies and exchange traded funds. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. Depending upon market conditions, RIM may determine to allocate a significant portion of the Fund's assets to cash in order to seek to achieve the Fund's objective. The Fund may expose all or a portion of its cash to changes in interest rates or market/sector returns by purchasing derivatives. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information. 
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RUTCX - Performance

Return Ranking - Trailing

Period RUTCX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -49.1% 11.6% 55.62%
1 Yr N/A -51.9% 12.8% 50.71%
3 Yr N/A* -22.8% 9.7% 62.61%
5 Yr N/A* -29.5% 3.0% 89.95%
10 Yr N/A* -27.4% 5.3% N/A

* Annualized

Return Ranking - Calendar

Period RUTCX Return Category Return Low Category Return High Rank in Category (%)
2023 -8.8% -26.7% 18.4% 26.56%
2022 -4.4% -26.6% 25.7% 88.74%
2021 -3.9% -49.2% 18.7% 87.01%
2020 1.8% -35.1% 12.4% 84.18%
2019 -1.7% -48.0% 3.4% 9.51%

Total Return Ranking - Trailing

Period RUTCX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -48.1% 13.6% 55.62%
1 Yr N/A -47.3% 14.1% 50.71%
3 Yr N/A* -18.9% 19.8% 62.61%
5 Yr N/A* -11.2% 9.6% 89.95%
10 Yr N/A* -12.3% 6.1% N/A

* Annualized

Total Return Ranking - Calendar

Period RUTCX Return Category Return Low Category Return High Rank in Category (%)
2023 -6.3% -23.0% 20.8% 31.79%
2022 -2.1% -7.6% 50.0% 91.89%
2021 -2.6% -28.6% 24.1% 92.05%
2020 4.4% -4.8% 18.6% 88.40%
2019 1.0% -37.3% 8.0% 16.89%

NAV & Total Return History


RUTCX - Holdings

Concentration Analysis

RUTCX Category Low Category High RUTCX % Rank
Net Assets 99.1 M 1.44 M 119 B 79.25%
Number of Holdings 24 2 8175 41.25%
Net Assets in Top 10 99 M -1.57 B 20.5 B 77.52%
Weighting of Top 10 99.91% 4.3% 105.0% 43.06%

Top 10 Holdings

  1. U.S. Cash Management Fund 99.87%
  2. Long: SL5TSYU-H CDS USD R F 5.00000 8G836JAG0 CCP / Short: SL5TSYU-H CDS USD P V 03MEVENT 8G836JAG0 CCP 0.02%
  3. PURCHASED USD / SOLD AUD 0.01%
  4. PURCHASED USD / SOLD JPY 0.00%
  5. PURCHASED AUD / SOLD EUR 0.00%
  6. PURCHASED JPY / SOLD EUR 0.00%
  7. PURCHASED CAD / SOLD GBP 0.00%
  8. PURCHASED USD / SOLD CAD 0.00%
  9. PURCHASED CAD / SOLD GBP 0.00%
  10. PURCHASED USD / SOLD NZD 0.00%

Asset Allocation

Weighting Return Low Return High RUTCX % Rank
Cash
100.03% -261.12% 258.91% 18.49%
Convertible Bonds
1.54% 0.00% 33.50% 44.38%
Stocks
0.00% -38.22% 261.12% 79.23%
Preferred Stocks
0.00% 0.00% 13.21% 59.89%
Bonds
0.00% -150.81% 180.51% 49.79%
Other
-0.03% -25.82% 276.99% 49.64%

RUTCX - Expenses

Operational Fees

RUTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.50% 0.01% 26.65% 11.08%
Management Fee 1.00% 0.00% 2.29% 83.47%
12b-1 Fee 0.75% 0.00% 1.00% 74.22%
Administrative Fee 0.05% 0.00% 0.70% 15.56%

Sales Fees

RUTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RUTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

RUTCX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 275.00% 0.00% 632.00% 94.50%

RUTCX - Distributions

Dividend Yield Analysis

RUTCX Category Low Category High RUTCX % Rank
Dividend Yield 0.00% 0.00% 18.30% 8.74%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RUTCX Category Low Category High RUTCX % Rank
Net Income Ratio -0.97% -1.55% 11.51% 98.99%

Capital Gain Distribution Analysis

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

Distributions History

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RUTCX - Fund Manager Analysis

Managers

Gerard Fitzpatrick


Start Date

Tenure

Tenure Rank

Nov 15, 2021

0.54

0.5%

Gerard Fitzpatrick, Chief Investment Officer of Fixed Income since November 2013. Mr. Fitzpatrick was a Portfolio Manager from October 2007 to November 2013. Prior to joining Russell, Mr. Fitzpatrick was the CEO of West End Capital Advisors Ltd from 2004-2007.

Helena Ravanas


Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

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Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 28.19 5.66 3.19