Multifactor Bond Fund

Helping investors seek excess returns over the broad fixed income market.

Fund objective

Seeks to provide total return.

The purchase of Class Y Shares requires a current selling agreement with Russell Investments and there is a $10 million required minimum initial investment for each account in each fund.

Overview

Class Ticker CUSIP
Y RMHYX 78250F398

Investment strategy

  • The Fund invests in a variety of instruments, including securities of issuers in a variety of sectors of the fixed income market and fixed income currency derivatives.

Fund highlights

  • Multiple factors: Credit, Interest Rates, and Currency are three common factors that have the potential to deliver excess returns over the broad fixed income market. The Fund targets exposure to these factors to seek to provide investment returns above those of the Bloomberg Barclays Global Aggregate Bond Index (USD-Hedged).
  • Thoughtful portfolio construction: Rather than simply equally weighting each factor, Russell Investments thoughtfully constructs the Fund’s strategic factor weights based on its research of each factor’s behavior under different economic regimes.
  • Active risk management: The Fund’s portfolio manager actively adjusts individual factor weights, based on Russell Investments’ manager research insights and strategists’ capital market views on the business cycle, valuations and market sentiment.

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

As of 02/29/2020
11/13/2019 12:00:00 AM 10000
11/30/2019 12:00:00 AM 10040
12/31/2019 12:00:00 AM 10004.796
1/31/2020 12:00:00 AM 10235.368
2/29/2020 12:00:00 AM 10347.065

Net Asset Values

Historical distributions

Ex-Date Income Dividend Capital Gains - Short Term Capital Gains - Long Term
12/03/2019 0.0048
12/18/2019 0.02
02/04/2020 0.0014
03/03/2020 0.0103

Notice:

Effective November 13, 2019, the RIC Multifactor Bond Fund, class Y, was launched.

The Multifactor Bond Fund is a new fund without an operating history, which may result in additional risk. There can be no assurance that the Fund will grow to an economically viable size, in which case the fund may cease operations. In such an event, investors may be required to liquidate or transfer their investments at an inopportune time.

Top 10 Holdings

As of 02/29/2020

Updated Monthly

Company Weight
Cash Collateral for Swaps 10.52%
US TREASURY N/B 10/24 1.5 3.56%
JAPAN (5 YEAR ISSUE) SR UNSECURED 09/24 0.1 0.100% 3.52%
United States Treasury Notes 1.375% 31-May-2021 2.83%
United States Treasury Notes 2.000% 15-Feb-2025 2.22%
US TREASURY N/B 08/49 2.25 2.250% 15-Aug-2049 1.98%
Freddie Mac 2.375% 13-Jan-2022 1.67%
Fannie Mae 1.375% 26-Feb-2021 1.64%
JAPAN (20 YEAR ISSUE) SR UNSECURED 12/37 0.6 0.600 1.52%
JAPAN (20 YEAR ISSUE) SR UNSECURED 06/38 0.5 0.500 1.42%

Quality ratingsƩ

As of 02/29/2020

Updated Monthly

Quality rating % of market value
AAA 9.30%
AA 14.28%
A 24.13%
BBB 41.39%
BB 10.16%
B 0.00%
CCC & Below 0.00%
Unrated 0.73%

Notice:

Effective November 13, 2019, the RIC Multifactor Bond Fund, class Y, was launched.

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.

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