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
NameAllocation %colorStyle
Federated Hermes, Inc.*25#66aaddGlobal high yield
Voya Investment Management Co. LLC20#5c5c5cSecuritized Credit
Edmond de Rothschild Asset Management (France)15#005596Emerging markets debt
Russell Investments40#dd6600Positioning 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
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