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Multi-Strategy Income Fund
RGYTX (Mutual Fund)
Multi-Strategy Income Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
9.1%
1 yr return
20.0%
3 Yr Avg Return
1.9%
5 Yr Avg Return
4.1%
Net Assets
$318 M
Holdings in Top 10
9.7%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.95%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 191.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/07/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RGYTX - Profile
Distributions
- YTD Total Return 9.1%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 4.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 0.79%
- Dividend Yield 1.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameMulti-Strategy Income Fund
-
Fund Family NameRussell Investment Company
-
Inception DateMay 01, 2015
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRob Balkema
Fund Description
The Fund seeks to achieve its investment objective by principally investing in a range of diversified income-producing investments. The Fund will typically pursue strategies and invest in instruments which have historically produced a significant portion of their total return from income. The Fund may invest in a broad range of instruments, markets and asset classes economically tied to U.S., non-U.S. and emerging markets countries. The Fund’s target strategic asset allocation is 40% to global equity or equity-related securities or instruments, including equity securities of real assets-related companies, and 60% global fixed income or fixed income-related securities or instruments, including high yield and emerging markets debt. However, the Fund is not required to allocate its investments in any set proportion and
RIM will dynamically manage the Fund’s asset allocation based on market conditions generally by up to plus/minus 10% from the Fund’s target strategic asset allocations. The Fund’s equity investments may include equity securities of real assets-related companies, including real estate- and infrastructure-related companies. A real asset is a tangible or physical asset that typically has intrinsic value. Examples of real assets include land, property, equipment, raw materials or infrastructure. The Fund may also make investments for hedging purposes in order to address perceived misalignment between the Fund’s investment exposures and current or anticipated market conditions. The Fund considers emerging market countries to include every country in the world except Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States.
Russell Investment Management, LLC (“RIM”) provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Fund is advised by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-asset, multi-manager approach. RIM may change the Fund’s asset allocation at any time. The Fund employs discretionary and non-discretionary money managers. The Fund’s discretionary money managers select the individual portfolio instruments for the assets assigned to them. The Fund’s non-discretionary money managers provide a model portfolio to RIM representing their investment recommendations, based upon which RIM purchases and sells securities for the Fund. RIM manages Fund assets not allocated to money manager strategies, and utilizes quantitative and/or rules-based processes and qualitative analysis to assess Fund characteristics and invest in securities and instruments which provide the desired exposures. RIM may use strategies based on indexes. RIM also manages the portion of Fund assets for which the Fund’s non-discretionary money managers provide model portfolios to RIM and the Fund’s cash balances.
The Fund may invest in equity securities of issuers of any market capitalization which are economically tied to U.S. and non-U.S. countries, including emerging markets countries. These securities may include common stocks, preferred stocks, stocks of real assets-related companies, rights, warrants, convertible securities and depositary receipts. The Fund’s investments in convertible securities may include contingent convertible securities. The Fund may invest in securities of companies, known as real estate investment trusts (“REITs”) that own and/or manage properties. The Fund may invest in infrastructure companies and master limited partnerships (“MLPs”).
The Fund may also invest in fixed income securities of any credit quality and maturity, including fixed income securities that are rated below investment grade (commonly referred to as “high yield” or “junk bonds”) and in “distressed” debt securities. The Fund may also invest in (1) U.S. and non-U.S. corporate fixed income securities, (2) fixed income securities issued or guaranteed by the U.S. government (including Treasury Inflation Protected Securities) and by non-U.S. governments, or by their respective agencies and instrumentalities, (3) emerging markets debt securities, (4) mortgage-backed securities and (5) asset-backed securities. The Fund may also invest in variable and floating rate securities. The Fund may invest in demand notes. The Fund may purchase loans and other direct indebtedness, including bank loans (also called “leveraged loans”). The Fund may invest in currency futures and options on futures, forward currency contracts and currency options for speculative purposes or to seek to protect a portion of its investments against adverse currency exchange rate changes. The Fund may enter into repurchase agreements and reverse repurchase agreements.
The Fund may invest in derivative instruments including futures, options, swaps, swaptions and credit default swaps, and may use derivatives to take both long and short positions.
The Fund may invest in other investment companies and pooled investment vehicles.
A portion of the Fund’s net assets may be “illiquid” investments.
The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies.
The Fund may expose all or a portion of its cash to the performance of certain markets by purchasing equity securities, fixed income securities and/or derivatives, which typically include index futures contracts or exchange traded fixed income futures contracts.
The Fund may lend its portfolio securities to earn income.
Please refer to the “Investment Objective and Investment Strategies” section in the Fund’s Prospectus for further information.
RGYTX - Performance
Return Ranking - Trailing
| Period | RGYTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.1% | -2.9% | 16.2% | 35.41% |
| 1 Yr | 20.0% | 1.3% | 30.2% | 18.42% |
| 3 Yr | 1.9%* | -14.7% | 5.8% | 55.47% |
| 5 Yr | 4.1%* | -5.4% | 8.5% | 73.35% |
| 10 Yr | N/A* | -0.5% | 7.6% | N/A |
* Annualized
Return Ranking - Calendar
| Period | RGYTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.7% | -1.0% | 27.4% | 62.35% |
| 2022 | -17.0% | -35.0% | -7.4% | 58.74% |
| 2021 | 2.8% | -11.5% | 14.6% | 39.55% |
| 2020 | 2.0% | -10.3% | 40.7% | 73.42% |
| 2019 | 6.4% | -9.5% | 22.1% | 91.06% |
Total Return Ranking - Trailing
| Period | RGYTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 9.1% | -2.9% | 16.2% | 35.41% |
| 1 Yr | 20.0% | 1.3% | 30.2% | 18.42% |
| 3 Yr | 1.9%* | -14.7% | 5.8% | 55.47% |
| 5 Yr | 4.1%* | -5.4% | 8.5% | 73.35% |
| 10 Yr | N/A* | -0.5% | 7.6% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | RGYTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 11.4% | 2.6% | 28.2% | 23.26% |
| 2022 | -13.8% | -35.0% | -3.1% | 63.59% |
| 2021 | 8.9% | -11.5% | 32.0% | 27.86% |
| 2020 | 3.6% | -5.4% | 40.7% | 87.89% |
| 2019 | 10.3% | 4.5% | 27.7% | 97.56% |
NAV & Total Return History
RGYTX - Holdings
Concentration Analysis
| RGYTX | Category Low | Category High | RGYTX % Rank | |
|---|---|---|---|---|
| Net Assets | 318 M | 291 K | 50.8 B | 68.42% |
| Number of Holdings | 1477 | 2 | 4065 | 7.42% |
| Net Assets in Top 10 | 30.7 M | 284 K | 10.3 B | 90.43% |
| Weighting of Top 10 | 9.66% | 9.7% | 111.4% | 99.04% |
Top 10 Holdings
- U.S. Cash Management Fund 3.82%
- Real Alloy 1.02%
- U.S. Cash Collateral Fund 0.77%
- Microsoft Corp 0.71%
- Taiwan Semiconductor Manufacturing Co Ltd 0.62%
- US 10YR NOTE (CBT)SEP24 0.62%
- Samsung Electronics Co Ltd 0.57%
- Prologis Inc 0.55%
- Welltower Inc 0.54%
- Digital Realty Trust Inc 0.42%
Asset Allocation
| Weighting | Return Low | Return High | RGYTX % Rank | |
|---|---|---|---|---|
| Stocks | 51.76% | 0.00% | 100.08% | 63.16% |
| Bonds | 38.97% | 0.00% | 79.74% | 27.51% |
| Convertible Bonds | 11.11% | 0.00% | 71.77% | 1.45% |
| Cash | 6.67% | -35.68% | 25.19% | 14.11% |
| Preferred Stocks | 2.17% | 0.00% | 21.95% | 3.59% |
| Other | 0.43% | -0.45% | 61.72% | 20.81% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RGYTX % Rank | |
|---|---|---|---|---|
| Real Estate | 23.51% | 0.00% | 43.16% | 4.14% |
| Technology | 11.84% | 0.22% | 27.92% | 75.91% |
| Financial Services | 11.66% | 0.00% | 83.50% | 88.32% |
| Industrials | 10.92% | 0.14% | 17.90% | 32.12% |
| Basic Materials | 9.11% | 0.00% | 32.82% | 5.11% |
| Consumer Cyclical | 7.35% | 0.00% | 14.20% | 67.15% |
| Consumer Defense | 6.00% | 0.00% | 18.62% | 80.54% |
| Healthcare | 5.59% | 0.00% | 24.25% | 96.35% |
| Communication Services | 5.35% | 0.00% | 11.11% | 74.21% |
| Energy | 4.92% | 0.00% | 62.93% | 53.53% |
| Utilities | 3.75% | 0.00% | 48.33% | 41.85% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RGYTX % Rank | |
|---|---|---|---|---|
| US | 28.52% | 0.00% | 100.08% | 79.90% |
| Non US | 23.24% | 0.00% | 23.24% | 0.24% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | RGYTX % Rank | |
|---|---|---|---|---|
| Government | 57.71% | 0.00% | 63.33% | 0.72% |
| Securitized | 20.35% | 0.00% | 52.08% | 29.95% |
| Corporate | 8.39% | 0.00% | 96.66% | 94.20% |
| Cash & Equivalents | 4.59% | 0.00% | 25.19% | 21.05% |
| Derivative | 0.43% | -0.45% | 61.72% | 3.83% |
| Municipal | 0.00% | 0.00% | 99.85% | 82.13% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | RGYTX % Rank | |
|---|---|---|---|---|
| US | 38.34% | 0.00% | 79.74% | 27.51% |
| Non US | 0.63% | 0.00% | 7.66% | 14.11% |
RGYTX - Expenses
Operational Fees
| RGYTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.95% | 0.06% | 21.26% | 45.69% |
| Management Fee | 0.53% | 0.00% | 1.25% | 76.50% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 0.70% | 18.10% |
Sales Fees
| RGYTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| RGYTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| RGYTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 191.00% | 2.00% | 380.00% | 96.08% |
RGYTX - Distributions
Dividend Yield Analysis
| RGYTX | Category Low | Category High | RGYTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 1.41% | 0.00% | 7.99% | 12.44% |
Dividend Distribution Analysis
| RGYTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annual | Monthly | Annual |
Net Income Ratio Analysis
| RGYTX | Category Low | Category High | RGYTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.79% | -1.22% | 6.83% | 88.83% |
Capital Gain Distribution Analysis
| RGYTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 02, 2024 | $0.035 | OrdinaryDividend |
| Apr 02, 2024 | $0.025 | OrdinaryDividend |
| Dec 19, 2023 | $0.202 | OrdinaryDividend |
| Oct 03, 2023 | $0.082 | OrdinaryDividend |
| Jul 05, 2023 | $0.132 | OrdinaryDividend |
| Apr 04, 2023 | $0.058 | OrdinaryDividend |
| Dec 16, 2022 | $0.211 | OrdinaryDividend |
| Oct 04, 2022 | $0.054 | OrdinaryDividend |
| Jul 05, 2022 | $0.063 | OrdinaryDividend |
| Apr 04, 2022 | $0.015 | OrdinaryDividend |
| Dec 17, 2021 | $0.567 | OrdinaryDividend |
| Apr 05, 2021 | $0.052 | OrdinaryDividend |
| Dec 18, 2020 | $0.064 | OrdinaryDividend |
| Jul 02, 2020 | $0.078 | OrdinaryDividend |
| Apr 02, 2020 | $0.009 | OrdinaryDividend |
| Dec 18, 2019 | $0.168 | OrdinaryDividend |
| Dec 18, 2019 | $0.019 | CapitalGainLongTerm |
| Oct 02, 2019 | $0.034 | OrdinaryDividend |
| Jul 02, 2019 | $0.057 | OrdinaryDividend |
| Apr 02, 2019 | $0.078 | OrdinaryDividend |
| Dec 19, 2018 | $0.089 | OrdinaryDividend |
| Oct 02, 2018 | $0.082 | OrdinaryDividend |
| Jul 03, 2018 | $0.095 | OrdinaryDividend |
| Apr 03, 2018 | $0.080 | OrdinaryDividend |
| Dec 20, 2017 | $0.107 | OrdinaryDividend |
| Dec 20, 2017 | $0.055 | CapitalGainShortTerm |
| Dec 20, 2017 | $0.037 | CapitalGainLongTerm |
| Oct 03, 2017 | $0.075 | OrdinaryDividend |
| Jul 05, 2017 | $0.069 | OrdinaryDividend |
| Apr 04, 2017 | $0.110 | OrdinaryDividend |
RGYTX - Fund Manager Analysis
Managers
Rob Balkema
Start Date
Tenure
Tenure Rank
May 01, 2015
7.09
7.1%
Rob Balkema, CFA Portfolio Manager, Multi-Asset Solutions Rob Balkema is a portfolio manager working on Russell Investments’ multi-asset funds, based in New York. In this role, Rob manages Russell Investments’ fiduciary solutions mandates which integrate Russell Investments’ equity, fixed income, real asset and alternative capabilities globally. He is tasked with creating strategic asset allocations for the portfolios, selecting active strategies or passive alternatives to populate asset classes and dynamically positioning the total portfolio in order to help clients achieve their objectives. Prior to his current role, Rob was a senior analyst in the investment process and risk group. In this role, Rob focused on improving the measurement, evaluation and enhancement of Russell Investments’ portfolio management practice. From 2006 until 2009, Rob was based in Seattle as a member of the global equity team, serving in multiple capacities. He was responsible for evaluating asset management firms worldwide that offer global, international and emerging market equity mandates and supported portfolio managers in the structuring and monitoring of Russell Investments’ global equity strategies. Rob holds a B.A. in Economics from Harvard College and holds a Chartered Financial Analyst® designation.
Venkat Kopanathi
Start Date
Tenure
Tenure Rank
Jun 08, 2021
0.98
1.0%
Venkat Kopanathi is portfolio manager specialized under multi-asset
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.09 | 28.73 | 6.35 | 2.41 |
