Opportunistic Credit Fund

Expanding the fixed income opportunity for investors.

Fund objective

Seeks to provide total return.

Notice:

Effective March 1, 2019 the Global Opportunistic Credit Fund was renamed the Opportunistic Credit Fund.

Overview

Funds_Class Funds_Ticker Funds_CUSIP
A RGCAX 782494231
C RGCCX 782494223
E RCCEX 782494215
M RGOTX 78250G123
S RGCSX 782494199
Y RGCYX 782494181

Investment strategy

  • Fund invests principally in high yield debt and emerging market debt securities, but may also invest in various tactical fixed income related opportunities.

Fund highlights

  • The Fund can be utilized as a diversifying and potentially return enhancing component in a U.S. focused fixed income strategy or a diversifying component in a growth oriented equity or multi-asset class strategy.
  • Captures expanding and evolving global credit investment opportunities created by the economic globalization trend.

Funds_Growth_of_10000_Since_InceptionFunds_Notation_Growth10K_Heading - Funds_Series_S

As of 06/30/2019
9/30/2010 12:00:00 AM 10000
10/31/2010 12:00:00 AM 10090
11/30/2010 12:00:00 AM 9910
12/31/2010 12:00:00 AM 10046.375
1/31/2011 12:00:00 AM 10147.343
2/28/2011 12:00:00 AM 10238.215
3/31/2011 12:00:00 AM 10298.796
4/30/2011 12:00:00 AM 10440.152
5/31/2011 12:00:00 AM 10490.637
6/30/2011 12:00:00 AM 10450.249
7/31/2011 12:00:00 AM 10561.315
8/31/2011 12:00:00 AM 10278.603
9/30/2011 12:00:00 AM 9844.438
10/31/2011 12:00:00 AM 10450.249
11/30/2011 12:00:00 AM 10228.118
12/31/2011 12:00:00 AM 10408.087
1/31/2012 12:00:00 AM 10752.868
2/29/2012 12:00:00 AM 11022.229
3/31/2012 12:00:00 AM 11043.778
4/30/2012 12:00:00 AM 11140.747
5/31/2012 12:00:00 AM 10936.033
6/30/2012 12:00:00 AM 11194.619
7/31/2012 12:00:00 AM 11477.679
8/31/2012 12:00:00 AM 11560.213
9/30/2012 12:00:00 AM 11753.655
10/31/2012 12:00:00 AM 11847.811
11/30/2012 12:00:00 AM 11952.638
12/31/2012 12:00:00 AM 12139.392
1/31/2013 12:00:00 AM 12208.893
2/28/2013 12:00:00 AM 12237.845
3/31/2013 12:00:00 AM 12260.596
4/30/2013 12:00:00 AM 12541.696
5/31/2013 12:00:00 AM 12265.663
6/30/2013 12:00:00 AM 11854.077
7/31/2013 12:00:00 AM 11979.038
8/31/2013 12:00:00 AM 11767.921
9/30/2013 12:00:00 AM 12025.832
10/31/2013 12:00:00 AM 12285.411
11/30/2013 12:00:00 AM 12161.681
12/31/2013 12:00:00 AM 12194.99
1/31/2014 12:00:00 AM 12108.936
2/28/2014 12:00:00 AM 12372.99
3/31/2014 12:00:00 AM 12488.463
4/30/2014 12:00:00 AM 12588.274
5/31/2014 12:00:00 AM 12793.839
6/30/2014 12:00:00 AM 12853.332
7/31/2014 12:00:00 AM 12762.906
8/31/2014 12:00:00 AM 12863.137
9/30/2014 12:00:00 AM 12547.844
10/31/2014 12:00:00 AM 12704.543
11/30/2014 12:00:00 AM 12663.701
12/31/2014 12:00:00 AM 12332.625
1/31/2015 12:00:00 AM 12384.882
2/28/2015 12:00:00 AM 12570.218
3/31/2015 12:00:00 AM 12477.476
4/30/2015 12:00:00 AM 12691.972
5/31/2015 12:00:00 AM 12618.488
6/30/2015 12:00:00 AM 12444.514
7/31/2015 12:00:00 AM 12404.654
8/31/2015 12:00:00 AM 12211.422
9/30/2015 12:00:00 AM 11972.711
10/31/2015 12:00:00 AM 12309.402
11/30/2015 12:00:00 AM 12217.969
12/31/2015 12:00:00 AM 11954.021
1/31/2016 12:00:00 AM 11872.517
2/29/2016 12:00:00 AM 11971.286
3/31/2016 12:00:00 AM 12506.784
4/30/2016 12:00:00 AM 12790.201
5/31/2016 12:00:00 AM 12706.019
6/30/2016 12:00:00 AM 13017.718
7/31/2016 12:00:00 AM 13299.816
8/31/2016 12:00:00 AM 13456.682
9/30/2016 12:00:00 AM 13584.824
10/31/2016 12:00:00 AM 13546.404
11/30/2016 12:00:00 AM 13164.234
12/31/2016 12:00:00 AM 13332.035
1/31/2017 12:00:00 AM 13559.447
2/28/2017 12:00:00 AM 13756.666
3/31/2017 12:00:00 AM 13835.723
4/30/2017 12:00:00 AM 14057.018
5/31/2017 12:00:00 AM 14210.277
6/30/2017 12:00:00 AM 14181.627
7/31/2017 12:00:00 AM 14378.041
8/31/2017 12:00:00 AM 14489.662
9/30/2017 12:00:00 AM 14548.946
10/31/2017 12:00:00 AM 14581.507
11/30/2017 12:00:00 AM 14567.533
12/31/2017 12:00:00 AM 14632.843
1/31/2018 12:00:00 AM 14825.967
2/28/2018 12:00:00 AM 14654.484
3/31/2018 12:00:00 AM 14707.738
4/30/2018 12:00:00 AM 14617.805
5/31/2018 12:00:00 AM 14390.29
6/30/2018 12:00:00 AM 14277.372
7/31/2018 12:00:00 AM 14479.79
8/31/2018 12:00:00 AM 14327.399
9/30/2018 12:00:00 AM 14438.974
10/31/2018 12:00:00 AM 14324.379
11/30/2018 12:00:00 AM 14221.747
12/31/2018 12:00:00 AM 14165.744
1/31/2019 12:00:00 AM 14636.889
2/28/2019 12:00:00 AM 14795.04
3/31/2019 12:00:00 AM 14938.563
4/30/2019 12:00:00 AM 15091.541
5/31/2019 12:00:00 AM 14998.939
6/30/2019 12:00:00 AM 15264.328

Net Asset Values

CP_Distribution_Header

CP_Distribtuion_EX_date CP_Distribution_Dividend_Rate CP_Distribution_CaptalGainsShortTerm CP_Distribution_CaptalGainsLongTerm
08/02/2018 0.0497
09/05/2018 0.0429
10/02/2018 0.0353
11/02/2018 0.0435
12/04/2018 0.0611 0
12/19/2018 0.1135 0
02/04/2019 0.0106
03/04/2019 0.0607
04/02/2019 0.0364
05/02/2019 0.0218
06/04/2019 0.0361
07/02/2019 0.0289

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/funds/performance-prices

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

Funds_Top_10_HoldingsFunds_Notation_Holdings_Heading

As of 06/30/2019

Funds_Updated_Monthly

Funds_Company Funds_Weight
Ukreximbank Via Biz Finance PLC 9.765% 9-Feb-2023 1.05%
Petroleos Mexicanos 6.625% 15-Jun-2038 0.63%
Goldman Futures Cash Collateral 0.000% 0.63%
Specialty Steel Holdco, Inc. 0.61%
TREASURY BILL 03/20 0.00000 0.010% 26-Mar-2020 0.56%
Patterson Co. 2nd Lien Term Loan 9.979% 28-Aug-202 0.56%
Egypt Government International Bond 0.51%
Eskom Holdings SOC, Ltd. 7.125% 11-Feb-2025 0.50%
Pakistan Government International Bond 7.875% 31-M 0.48%
Oschadbank Via SSB #1 PLC 0.48%

Funds_Sector_weightingsFunds_Notation_Sector_Weightings_Heading

As of 05/31/2019

Funds_Updated_Monthly

Funds_Sector Funds_Weighting
High Yield 44.49%
Emerging Markets Debt 23.22%
Net Cash & Equivalents 7.75%
Asset Backed 6.25%
Commercial Mortgage Backed 6.00%
Investment Grade Credit 5.59%
Residential Mortgage Backed 5.32%
Developed Govt/Govt-Related 1.30%
Uncategorized 0.07%

Regional_allocationsFunds_Notation_Regional_Allocations_Heading

As of 05/31/2019

Funds_Updated_Monthly

Funds_Region Funds_Allocation
North America 63.44%
Europe 23.88%
Latin America 5.67%
Africa 3.01%
Asia 2.75%
Middle East 1.25%

Quality_Ratings_Table_HeaderFunds_Notation_Quality_Ratings_Heading

As of 05/31/2019

Funds_Updated_Monthly

Funds_Quality_rating Funds_Percent_of_market_value
AAA 8.49%
AA 1.38%
A 4.13%
BBB 12.36%
BB 20.25%
B 23.54%
CCC & Below 18.28%
Unrated 11.57%

Country of risk✻✻

As of 03/31/2019

Updated quarterly

Country of risk % NAV Fund Benchmark Active
United States 54.85 63.31 -8.46
United Kingdom 5.41 2.75 2.66
Italy 2.94 2.24 0.69
Canada 2.71 2.08 0.63
France 1.09 1.53 -0.44
Germany 2.84 1.45 1.39
Luxembourg 1.53 1.14 0.38
Netherlands 0.58 1.02 -0.44
Spain 0.22 0.99 -0.77
Mexico 2.06 0.99 1.07

Currency exposure§

As of 03/31/2019

Updated quarterly

Currency exposure (%) Fund Benchmark Active
U.S. Dollar 82.24 100.00 -17.76
Euro 10.65 0.00 10.65
British Pounds 5.55 0.00 5.55
Brazilian Real 0.49 0.00 0.49
Russian Rouble 0.32 0.00 0.32
Mexican Peso 0.28 0.00 0.28
South African Rand 0.18 0.00 0.18
Polish Zloty 0.18 0.00 0.18
Malaysian Ringgit 0.14 0.00 0.14
Argentine Peso 0.03 0.00 0.03

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.

ϴ Due to rounding totals may not equal 100%.

 

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."

**Country of Risk is determined by Russell Investments and is intended to represent the country specific risk of the issuers in which the Fund invests.This determination may be based upon several factors, including the country of an issuer's incorporation, where an issuer's revenues are generated and where an issuer's production and/or employees are located.

§ Currency exposure represents the percentage of the Fund's net asset value denominated in each respective currency. Positive values represent net long positions and negative values represent net short positions.

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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