Multi-Strategy Income Fund

Fund objective

The Fund seeks to provide a high level of current income and, as a secondary objective, long-term capital growth.
 

Overview

Class Ticker CUSIP
A RMYAX 78249R255
C RMYCX 78249R248
E RMYEX 78249R230
M RGYTX 78250H444
S RMYSX 78249R222
Y RMYYX 78249R214

Fund highlights

Each of the managers within the Fund have been identified for their specific expertise in income-producing securities—such as global listed infrastructure, global REITs, global equities, emerging market debt, and global credit.





Growth of hypothetical $10,000 (since inception) - Class S

As of 06/30/2020
5/1/2015 12:00:00 AM 10000
5/31/2015 12:00:00 AM 9930
6/30/2015 12:00:00 AM 9750
7/31/2015 12:00:00 AM 9803.911
8/31/2015 12:00:00 AM 9512.307
9/30/2015 12:00:00 AM 9361.478
10/31/2015 12:00:00 AM 9672.732
11/30/2015 12:00:00 AM 9571.234
12/31/2015 12:00:00 AM 9409.768
1/31/2016 12:00:00 AM 9204.985
2/29/2016 12:00:00 AM 9204.985
3/31/2016 12:00:00 AM 9645.268
4/30/2016 12:00:00 AM 9845.986
5/31/2016 12:00:00 AM 9866.693
6/30/2016 12:00:00 AM 9918.459
7/31/2016 12:00:00 AM 10128.35
8/31/2016 12:00:00 AM 10212.055
9/30/2016 12:00:00 AM 10253.908
10/31/2016 12:00:00 AM 10198.061
11/30/2016 12:00:00 AM 10092.709
12/31/2016 12:00:00 AM 10269.495
1/31/2017 12:00:00 AM 10418.482
2/28/2017 12:00:00 AM 10588.754
3/31/2017 12:00:00 AM 10652.606
4/30/2017 12:00:00 AM 10755.578
5/31/2017 12:00:00 AM 10873.89
6/30/2017 12:00:00 AM 10916.912
7/31/2017 12:00:00 AM 11031.043
8/31/2017 12:00:00 AM 11052.694
9/30/2017 12:00:00 AM 11139.297
10/31/2017 12:00:00 AM 11206.61
11/30/2017 12:00:00 AM 11250.215
12/31/2017 12:00:00 AM 11299.144
1/31/2018 12:00:00 AM 11554.68
2/28/2018 12:00:00 AM 11388.026
3/31/2018 12:00:00 AM 11354.696
4/30/2018 12:00:00 AM 11397.085
5/31/2018 12:00:00 AM 11262.738
6/30/2018 12:00:00 AM 11217.956
7/31/2018 12:00:00 AM 11323.004
8/31/2018 12:00:00 AM 11210
9/30/2018 12:00:00 AM 11164.799
10/31/2018 12:00:00 AM 11038.003
11/30/2018 12:00:00 AM 11049.394
12/31/2018 12:00:00 AM 10905.184
1/31/2019 12:00:00 AM 11296.299
2/28/2019 12:00:00 AM 11376.822
3/31/2019 12:00:00 AM 11422.836
4/30/2019 12:00:00 AM 11532.378
5/31/2019 12:00:00 AM 11381.704
6/30/2019 12:00:00 AM 11648.282
7/31/2019 12:00:00 AM 11595.104
8/31/2019 12:00:00 AM 11571.798
9/30/2019 12:00:00 AM 11641.718
10/31/2019 12:00:00 AM 11748.156
11/30/2019 12:00:00 AM 11806.604
12/31/2019 12:00:00 AM 12010.428
1/31/2020 12:00:00 AM 11855.685
2/29/2020 12:00:00 AM 11534.296
3/31/2020 12:00:00 AM 10236.837
4/30/2020 12:00:00 AM 10911.818
5/31/2020 12:00:00 AM 11185.805
6/30/2020 12:00:00 AM 11340.667

Net Asset Values

Historical distributions

Ex-Date Income Dividend Capital Gains - Short Term Capital Gains - Long Term
07/02/2019 0.0545
10/02/2019 0.0309
12/18/2019 0.1644 0.0185
04/02/2020 0.0065

Notice:

Effective July 9, 2020, Class E Shares will be reclassified as Class S Shares.

Effective April 9, 2020, Class E Shares will no longer be offered to new shareholders or plans and may only be purchased by existing Class E shareholders or plans in the Fund.

Performance information is historical and does not guarantee future results. Investment return and principal value will fluctuate so that redeemed shares may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Current to the most recent month-end performance for Russell Investment Company mutual funds is available by visiting: https://russellinvestments.com/us/fund-center/performance-pricing.

Performance is calculated based on the SEC standardized method. Performance is reported net of shareholder services fees and fund advisory and administrative fees and gross of financial intermediary fees, which can be obtained from the financial intermediary upon request.

Holdings, sector weights, and quality ratings (where applicable) are share class agnostic.

Top 10 Holdings

As of 05/31/2020

Updated Monthly

Company Weight
Cash Collateral for Swaps 72.07%
Fannie Mae 3.500% 1-Jul-2042 0.63%
Fannie Mae 3.500% 1-Dec-2099 0.33%
ONE CALL CORP 10/24 7.5 7.500% 1-Jul-2024 0.24%
TREASURY BILL 06/20 0.00000 0.010% 11-Jun-2020 0.21%
Honda Motor Co., Ltd. 0.15%
Fannie Mae 2.500% 1-Dec-2099 0.14%
Alphabet, Inc. 0.13%
Japan Tobacco, Inc. 0.13%
Sumitomo Mitsui Financial Group, Inc. 0.12%

Equity Sector Weightings

As of 05/31/2020

Updated Monthly

NAME % OF TOTAL MARKET VALUE
Financial Services  27.42
Producer Durables  15.21
Technology  11.59
Utilities  11.31
Materials and Processing    9.84
Consumer Discretionary    9.58
Health Care    6.35
Consumer Staples    4.96
Energy    3.74

Fixed Income Sector Weightings

As of 05/31/2020

Updated Monthly

NAME % OF TOTAL MARKET VALUE
Uncategorized 52.68
Residential Mortgage Backed 17.66
High Yield 14.89
Investment Grade Credit 9.72
Emerging Markets Debt
4.75
Commercial Mortgage Backed
2.66
Developed Govt/Govt-Related 2.23
Asset Backed 0.36
Net Cash & Equivalents -4.96

Quality ratingsƩ

As of 05/31/2020

Updated Monthly

Quality rating % of market value
AAA 24.27%
AA 0.41%
A 1.06%
BBB 14.06%
BB 15.45%
B 5.30%
CCC & Below 0.76%
Unrated 38.70%

The top ten holdings list excludes shares of the investment vehicles in which the Fund invests its cash. The % of Portfolio value is subject to change.

Sector allocations and credit quality exposures may not equal 100 percent as a result of the fund's use of certain financial instruments such as futures, forwards, options, swaps and when issued transactions or forward commitments. Managers utilize these instruments as a substitute for holding securities directly, for hedging purposes, to take a net short position in certain markets or to adjust the interest rate sensitivity and duration of the portfolio. In the event short positions are created, they may be reflected as negative weightings in sector allocations and credit quality exposures.

ƩThe sum of the debt instrument quality ratings is based upon the Barclays index methodology, which reflects the ratings of S&P and Moody's such that if both S&P and Moody's rate an instrument, the lower of the two ratings is used, and if only one rates the instrument, that rating is used. If the debt instrument has not been rated by any of these two ratings agencies, the security is classified as "Unrated."

Fund objectives, risks, charges and expenses should be carefully considered before investing. A summary prospectus, if available, or a prospectus containing this and other important information can be obtained by calling 800-787-7354 or by visiting the prospectus and reports page to download one. Please read the prospectus carefully before investing.

Please remember that all investments carry some level of risk, including the potential loss of principal invested. They do not typically grow at an even rate of return and may experience negative growth. As with any type of portfolio structuring, attempting to reduce risk and increase return could, at certain times, unintentionally reduce returns.

Diversification and multi-asset solutions do not assure a profit and do not protect against loss in declining markets.

Not FDIC Insured. May Lose Value. No Bank Guarantee.

Securities products and services offered through Russell Investments Financial Services, LLC, member FINRA, part of Russell Investments.
For information on the Financial Industry Regulatory Authority, go to www.finra.org.

Site preferences