Unconstrained Total Return Fund - Class S

Fund objective

Seeks to provide total return.


Notice:

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

Overview

Class Ticker CUSIP
A RUTAX 78250F737
C RUTCX 78250F729
E RUTEX 78250F711
M RUCTX 78250H501
S RUTSX 78250F687
Y RUTYX 78250F679

Investment strategy

The Fund seeks to achieve its objective by opportunistically investing in a broad range of fixed income securities across sectors, the globe and credit quality and maturity spectrums, with an emphasis on higher-yielding securities.  

Fund highlights

  • The Fund also employs currency and duration management strategies.  The Fund's returns are expected to be correlated to changes in interest rates and performance of credit markets, but the Fund will use wide latitude and flexibility within bond markets in order to seek to minimize periods of negative performance and reduce volatility. 
  • The Fund may also invest in other asset classes in order to seek to achieve its objective, including equity securities.

Growth of hypothetical $10,000 (since inception)

As of 10/31/2017
9/22/2016 12:00:00 AM 10000
9/30/2016 12:00:00 AM 9990
10/31/2016 12:00:00 AM 10030.2
11/30/2016 12:00:00 AM 9997.3
12/31/2016 12:00:00 AM 10063.2
1/31/2017 12:00:00 AM 10113.2
2/28/2017 12:00:00 AM 10052
3/31/2017 12:00:00 AM 10106.7
4/30/2017 12:00:00 AM 10170.5
5/31/2017 12:00:00 AM 10201.6
6/30/2017 12:00:00 AM 10221.8
7/31/2017 12:00:00 AM 10238.2
8/31/2017 12:00:00 AM 10185.7
9/30/2017 12:00:00 AM 10226.214
10/31/2017 12:00:00 AM 10256.677

Historical NAVs

Historical distributions

Ex-Date Income Dividend Capital Gains - Short Term Capital Gains - Long Term
12/02/2016 0.0462
12/19/2016 0.0271 0.0281 0.0245
02/02/2017 0.0188
03/02/2017 0.0147
04/04/2017 0.0138
05/02/2017 0.0111
06/02/2017 0.0002
07/05/2017 0.0064
08/02/2017 0.0275
10/03/2017 0.0297
11/02/2017 0.0298

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.

Top 10 Holdings

As of 09/30/2017

Updated Monthly

Company Weight
Fannie Mae 3.000% 1-Dec-2099 1.45%
Fannie Mae 3.500% 1-Dec-2099 1.19%
Morgan Stanley Options Cash Collateral 0.79%
Spain Letras del Tesoro Bills 0.000% 15-Jun-2018 0.77%
Fannie Mae 4.000% 1-Dec-2099 0.76%
Engie SA 0.000% 4-Jun-2018 0.68%
Ginnie Mae II 4.000% 20-Oct-2046 0.61%
Standard Chartered Bank 1.356% 24-Nov-2017 0.58%
Bank of Montreal 1.360% 16-Oct-2017 0.58%
Finnish Treasury Bills 1.153% 18-Oct-2017 0.58%

Sector weightings

As of 09/30/2017

Updated Monthly

Sector Weighting
Net Cash & Equivalents 45.60%
High Yield 35.16%
Residential Mortgage Backed 12.91%
Developed Govt/Govt-Related 2.44%
Commercial Mortgage Backed 1.85%
Uncategorized 1.46%
Investment Grade Credit 1.11%
Asset Backed 0.17%
Emerging Markets Debt 0.00%
Equity -0.69%

Regional allocationsθ

As of 09/30/2017

Updated Monthly

Region Allocation
North America 92.73%
Europe 7.32%
Asia 0.20%
Africa 0.00%
Latin America 0.00%
Middle East 0.00%

Quality ratingsƩ

As of 09/30/2017

Updated Monthly

Quality rating % of market value
AAA 56.38%
AA 0.24%
A 0.33%
BBB 3.77%
BB 17.84%
B 15.58%
CCC & Below 1.67%
Unrated 4.17%

Country of risk✻✻

As of 06/30/2017

Updated quarterly

Country of risk % NAV Fund Benchmark Active
United States 89.73 100.00 -10.27
Eurozone 11.24 0.00 11.24
Canada 1.18 0.00 1.18
Spain 0.96 0.00 0.96
Italy 0.90 0.00 0.90
Finland 0.56 0.00 0.56
Netherlands 0.44 0.00 0.44
Austria 0.35 0.00 0.35
Ireland 0.32 0.00 0.32
United Kingdom 0.27 0.00 0.27

Currency exposure§

As of 06/30/2017

Updated quarterly

Currency exposure (%) Fund Benchmark Active
Australian Dollar -0.92 0.00 -0.92
British Pounds 2.58 0.00 2.58
Canadian Dollar 0.00 0.00 0.00
Euro 0.58 00.00 0.58
Japanese Yen 0.21 0.00 0.21
Mexican Peso 0.00 0.00 0.00
New Zealand Dollar -0.30 0.00 -0.30
Norwegian Krone -2.38 0.00 -2.38
South African Rand -0.04 0.00 -0.04
Euro 0.31 0.00 0.31

This is a new fund. All quarterly and monthly data above will be posted as soon as it becomes available.

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.

Site preferences