Russell Investments Global Credit Pool
Harnessing the power of the credit premium
The Russell Investments Global Credit Pool (the Pool) aims to harness the full range of opportunities across credit markets. The investable universe is broad, covering a diverse range of issuers, geographies, and cycles, each with their own special features and risk profiles.
Diversification, return potential, and a whole lot more…
- Increased fixed income diversification. Typically underrepresented in traditional portfolios, global credit is a distinct, but important, component of global bond markets. The Pool can help enhance overall portfolio diversification.
- Enhanced return potential.Global credit can offer the potential for equity-like returns, with less equity-like risk, giving the Pool an attractive risk/return profile.
- Low correlation with other fixed income sectors. Global credit has historically had a low correlation to other fixed income categories, which can help achieve steadier returns from the fixed income component of an investment portfolio.
Target asset allocation**: 50% high yield bonds, 20% emerging markets debt, 10% investment-grade credit, and 20% securitized credit.
Who should consider this solution?
Russell Investments Global Credit Pool is suitable for investors who want to invest in global fixed income securities and improve their diversification. Consider the Pool if you:
- Need global fixed income diversification
- Have a low to medium tolerance for risk
- Are looking for enhanced return potential from their fixed income investments
- Want access to talented and experienced sub-advisers
- Want to benefit from Russell Investments' strong track record and risk management in the fixed income space
**The target asset allocation is subject to change by Russell Investments without notice.
Characteristics
As of 10/31/2020
Updated monthly
| Fund Characteristics | |
|---|---|
| Total Assets (All Series) | $453.06 million |
| Net Asset Value (Series F) | $8.22 |
For Prices and Performance, please click here.
Growth of $10,000 (Since Inception) Series F¹
As of 10/31/2020
| 12-20-2011 | 10000.00 |
| 12-31-2011 | 9983.00 |
| 01-31-2012 | 10236.10 |
| 02-29-2012 | 10458.84 |
| 03-31-2012 | 10506.69 |
| 04-30-2012 | 10588.17 |
| 05-31-2012 | 10405.35 |
| 06-30-2012 | 10561.21 |
| 07-31-2012 | 10851.64 |
| 08-31-2012 | 11013.38 |
| 09-30-2012 | 11203.99 |
| 10-31-2012 | 11329.88 |
| 11-30-2012 | 11380.23 |
| 12-31-2012 | 11530.95 |
| 01-31-2013 | 11613.35 |
| 02-28-2013 | 11633.20 |
| 03-31-2013 | 11651.19 |
| 04-30-2013 | 11856.23 |
| 05-31-2013 | 11648.40 |
| 06-30-2013 | 11266.35 |
| 07-31-2013 | 11349.39 |
| 08-31-2013 | 11200.81 |
| 09-30-2013 | 11401.22 |
| 10-31-2013 | 11683.42 |
| 11-30-2013 | 11572.21 |
| 12-31-2013 | 11603.45 |
| 01-31-2014 | 11657.90 |
| 02-28-2014 | 11890.85 |
| 03-31-2014 | 12009.08 |
| 04-30-2014 | 12130.48 |
| 05-31-2014 | 12305.51 |
| 06-30-2014 | 12366.19 |
| 07-31-2014 | 12333.93 |
| 08-31-2014 | 12418.28 |
| 09-30-2014 | 12138.85 |
| 10-31-2014 | 12275.83 |
| 11-30-2014 | 12244.53 |
| 12-31-2014 | 11872.22 |
| 01-31-2015 | 12128.60 |
| 02-28-2015 | 12304.40 |
| 03-31-2015 | 12212.38 |
| 04-30-2015 | 12641.37 |
| 05-31-2015 | 12693.19 |
| 06-30-2015 | 12515.74 |
| 07-31-2015 | 12486.61 |
| 08-31-2015 | 12348.01 |
| 09-30-2015 | 12053.01 |
| 10-31-2015 | 12426.42 |
| 11-30-2015 | 12454.44 |
| 12-31-2015 | 12133.34 |
| 01-31-2016 | 11790.58 |
| 02-29-2016 | 11798.12 |
| 03-31-2016 | 12304.11 |
| 04-30-2016 | 12564.30 |
| 05-31-2016 | 12616.91 |
| 06-30-2016 | 12914.62 |
| 07-31-2016 | 13250.95 |
| 08-31-2016 | 13511.73 |
| 09-30-2016 | 13733.38 |
| 10-31-2016 | 13746.13 |
| 11-30-2016 | 13463.63 |
| 12-31-2016 | 13702.44 |
| 01-31-2017 | 13898.21 |
| 02-28-2017 | 14242.37 |
| 03-31-2017 | 14343.69 |
| 04-30-2017 | 14636.31 |
| 05-31-2017 | 14610.45 |
| 06-30-2017 | 14405.12 |
| 07-31-2017 | 14414.73 |
| 08-31-2017 | 14456.06 |
| 09-30-2017 | 14444.13 |
| 10-31-2017 | 14527.56 |
| 11-30-2017 | 14409.19 |
| 12-31-2017 | 14386.54 |
| 01-31-2018 | 14653.80 |
| 02-28-2018 | 14649.69 |
| 03-31-2018 | 14689.08 |
| 04-30-2018 | 14542.75 |
| 05-31-2018 | 14309.24 |
| 06-30-2018 | 14202.12 |
| 07-31-2018 | 14336.13 |
| 08-31-2018 | 14118.10 |
| 09-30-2018 | 14217.03 |
| 10-31-2018 | 14098.55 |
| 11-30-2018 | 13982.51 |
| 12-31-2018 | 13909.51 |
| 01-31-2019 | 14370.00 |
| 02-28-2019 | 14463.26 |
| 03-31-2019 | 14521.00 |
| 04-30-2019 | 14634.51 |
| 05-31-2019 | 14552.84 |
| 06-30-2019 | 14746.04 |
| 07-31-2019 | 14670.30 |
| 08-31-2019 | 14547.86 |
| 09-30-2019 | 14534.57 |
| 10-31-2019 | 14528.99 |
| 11-30-2019 | 14610.38 |
| 12-31-2019 | 14825.66 |
| 01-31-2020 | 14963.67 |
| 02-29-2020 | 14854.59 |
| 03-31-2020 | 12728.62 |
| 04-30-2020 | 13140.43 |
| 05-31-2020 | 13535.96 |
| 06-30-2020 | 13835.28 |
| 07-31-2020 | 14236.92 |
| 08-31-2020 | 14383.38 |
| 09-30-2020 | 14252.46 |
| 10-31-2020 | 14199.85 |
¹Compound growth calculations are used only for the purpose of illustrating the effects of compound growth and are not intended to reflect future value of any mutual fund or returns on investment in any mutual fund.
Series F is a wrap or fee-for-service program and as such, the performance shown does not include the advisory fee paid by the investor to the dealer that would have reduced returns. Other series of units of the fund are subject to higher management fees and/or expenses which result in lower returns for those series than cited above. Annual returns are calendar year returns for the last ten years or since inception if the Fund has less than ten years of history. Performance is annualized except for periods of less than one year.
Top 10 Holdings*
As of 09/30/2020
Updated monthly
| Company | Weight |
|---|---|
| Canadian Dollar | 12.45% |
| PROVINCIA DE BUENOS AIRE, 7.875%, 06/15/2027 | 0.88% |
| Turkey Government, 6.750% 30-May-2040 | 0.71% |
| PROVINCIA DE BUENOS AIRE, 9.125%, 03/16/2024 | 0.69% |
| Turkey Government, 6.625% 17-Feb-2045 | 0.63% |
| SPRINT CAPITAL CORP 6.875 15-Nov-2028 | 0.45% |
| UKRAINE GOVERNMENT, 1% 31 May 2040 | 0.45% |
| Kinder Morgan Energy Partners, LP 4.700% 1-Nov-20 | 0.42% |
| Occidental Petroleum Corp. 4.100% 15-Feb-2047 | 0.42% |
| Electricite de France SA, 6%, 12/29/2049 | 0.40% |
|
*A portion of the cash held in this fund is securitized. The listing of holdings provides information on a fund's investments as of the date indicated and may differ from its annual financial statements. |
|
Sub-Advisers
As of 12/31/2019
| Name | Allocation % | Style |
|---|---|---|
| Federated Hermes, Inc.* | 25 | Global high yield |
| Voya Investment Management Co. LLC | 20 | Securitized Credit |
| Edmond de Rothschild Asset Management (France) | 15 | Emerging markets debt |
| Russell Investments | 40 | Positioning strategies |
*Hermes Investment Management Limited has been renamed Federated Hermes, Inc. effective February 2020.
Russell Investments has the right to engage or terminate a sub-adviser at any time and without notice.
| Series | Load | Fund Code | Currency |
|---|---|---|---|
| Series B | Low Load | FRC 339 | CAD |
| Series B | Front Load | FRC 342 | CAD |
| Series F | No Load | FRC 540 | CAD |
| Series O | No Load | FRC 640 | CAD |
| Series USD Hedged F | No Load | FRC 538 | USD Hedged |