Multi-Strategy Income Fund - Class S

Fund objective

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


Effective September 15th, 2017, Class T Shares were redesignated as Class M Shares.


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)

As of 01/31/2018
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

Historical NAVs

Historical distributions

Ex-Date Income Dividend Capital Gains - Short Term Capital Gains - Long Term
04/04/2017 0.1058
07/05/2017 0.0654
10/03/2017 0.0719
12/20/2017 0.1026 0.0374

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:

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

Top 10 Holdings

As of 12/31/2017

Updated Monthly

Company Weight
Fannie Mae 3.000% 1-Dec-2099 2.13%
Fannie Mae 4.000% 1-Dec-2099 1.00%
United States Treasury Bills 1.075% 1-Mar-2018 0.70%
Cash Collateral for Swaps 0.56%
UBS Options Cash Collateral 0.51%
Oracle Corp. 0.44%
RegionalCare Hospital Partners Holdings, Inc. 8.25 0.43%
American Tire Distributors, Inc. 10.250% 1-Mar-20 0.40%
Alphabet, Inc. 0.39%
Dell International LLC 1st Lien Term Loan B 3.359% 0.39%

Equity Sector Weightings

As of 09/30/2017

Updated Monthly

Financial Services 29.02
Producer Durables 11.59
Health Care 11.21
Utilities 10.97
Technology 10.96
Consumer Staples 7.68
Materials and Processing 6.52
Consumer Discretionary 7.43
Energy 4.63

Fixed Income Sector Weightings

As of 09/30/2017

Updated Monthly

Developed Govt/Govt-Related 2.65
Investment Grade Credit 10.56
High Yield 43.31
Commercial Mortgage Backed 0.10
Residential Mortgage Backed 12.40
Asset Backed 0.83
Emerging Markets Debt 7.58
Net Cash & Equivalents 22.07
Uncategorized 0.50

Quality ratingsƩ

As of 12/31/2017

Updated Monthly

Quality rating % of market value
AAA 33.29%
AA 0.17%
A 3.89%
BBB 15.94%
BB 10.64%
B 19.43%
CCC & Below 13.48%
Unrated 3.16%

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

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