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International Developed Markets Fund
RNTTX (Mutual Fund)
International Developed Markets Fund
Name
As of 10/11/2024Price
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
10.0%
1 yr return
22.2%
3 Yr Avg Return
3.4%
5 Yr Avg Return
7.5%
Net Assets
$1.05 B
Holdings in Top 10
13.4%
52 WEEK LOW AND HIGH
$45.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.01%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 34.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
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
RNTTX - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return 3.4%
- 5 Yr Annualized Total Return 7.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.06%
- Dividend Yield 2.1%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameInternational Developed Markets Fund
-
Fund Family NameRussell Investment Company
-
Inception DateMar 17, 2017
-
Shares OutstandingN/A
-
Share ClassM
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJon Eggins
Fund Description
The Fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in companies that are located in countries (other than the U.S.) with developed markets or that are economically tied to such countries. The Fund invests principally in equity securities, including common stocks and preferred stocks, issued by companies incorporated in developed markets outside the U.S. and in depositary receipts. The Fund’s securities are denominated principally in foreign currencies and are typically held outside the U.S. The Fund may invest a portion of its assets in equity securities of companies that are economically tied to emerging market countries. The Fund considers the following countries to have developed markets: 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. As a general rule, the Fund considers emerging market countries to include every other country. The Fund invests principally in large and medium capitalization companies, but may also invest in small capitalization companies. The Fund defines large and medium capitalization stocks as stocks of those companies represented by the MSCI World ex USA Index or within the capitalization range of the MSCI World ex USA Index.
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-style (e.g., growth, value, market-oriented and defensive) and multi-manager approach. RIM may change the Fund's asset allocation at any time. The Fund's money managers have non-discretionary asset management assignments pursuant to which they provide a model portfolio to RIM representing their investment recommendations, based upon which RIM purchases and sells securities for the Fund. For Fund assets not allocated to money manager strategies, RIM 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 Fund's cash balances. The Fund usually, but not always, pursues a strategy to be fully invested by exposing all or a portion of its cash to the performance of appropriate markets by purchasing equity securities and/or derivatives, which typically include index futures contracts and forward currency contracts. The Fund may use derivatives, including stock options, country index futures and swaps or currency forwards, to (1) manage country and currency exposure as a substitute for holding securities directly or (2) facilitate the implementation of its investment strategy. The Fund may use derivatives to take both long and short positions. The Fund may invest in synthetic foreign equity securities, which may be referred to as international warrants, local access products, participation notes or low exercise price warrants. International warrants are a form of derivative security issued by foreign banks that either give holders the right to buy or sell an underlying security or securities for a particular price or give holders the right to receive cash payment relating to the value of the underlying security or securities. Local access products are similar to options in that they are exercisable by the holder for an underlying security or the value of that security, but are generally exercisable over a longer term than typical options. The Fund may also invest in equity linked notes, which are notes whose return is tied to a single stock or a basket of stocks. Generally, upon the maturity of the note, the holder receives a return of principal based on the capital appreciation of the underlying linked securities.
The Fund may at times seek to protect a portion of its investments against adverse currency exchange rate changes by purchasing forward currency contracts and may engage in currency transactions for speculative purposes. The Fund may also invest a portion of its assets in securities of companies, known as real estate investment trusts (“REITs”), that own and/or manage properties. 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.
RNTTX - Performance
Return Ranking - Trailing
| Period | RNTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -44.7% | 35.2% | 77.97% |
| 1 Yr | 22.2% | -38.1% | 43.3% | 65.49% |
| 3 Yr | 3.4%* | -17.1% | 49.1% | 43.56% |
| 5 Yr | 7.5%* | -34.2% | 76.2% | 50.92% |
| 10 Yr | N/A* | -0.9% | 32.9% | 28.62% |
* Annualized
Return Ranking - Calendar
| Period | RNTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.8% | -1.4% | 22.0% | 42.46% |
| 2022 | -14.5% | -43.6% | 71.3% | 12.23% |
| 2021 | 8.9% | -28.5% | 18.9% | 18.18% |
| 2020 | 4.6% | -90.1% | 992.1% | 85.08% |
| 2019 | 16.4% | -1.9% | 38.8% | 81.42% |
Total Return Ranking - Trailing
| Period | RNTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -44.7% | 35.2% | 77.97% |
| 1 Yr | 22.2% | -38.1% | 43.3% | 65.49% |
| 3 Yr | 3.4%* | -17.1% | 49.1% | 43.56% |
| 5 Yr | 7.5%* | -34.2% | 76.2% | 50.92% |
| 10 Yr | N/A* | -0.9% | 32.9% | 26.18% |
* Annualized
Total Return Ranking - Calendar
| Period | RNTTX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 16.4% | 3.2% | 23.8% | 48.46% |
| 2022 | -13.2% | -43.6% | 144.8% | 16.77% |
| 2021 | 12.8% | -22.6% | 56.0% | 15.95% |
| 2020 | 5.9% | -89.7% | 1010.8% | 87.70% |
| 2019 | 20.1% | 4.3% | 38.8% | 79.34% |
NAV & Total Return History
RNTTX - Holdings
Concentration Analysis
| RNTTX | Category Low | Category High | RNTTX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.05 B | 3.3 M | 425 B | 44.04% |
| Number of Holdings | 564 | 1 | 10481 | 21.25% |
| Net Assets in Top 10 | 144 M | 1.01 M | 47.5 B | 54.28% |
| Weighting of Top 10 | 13.36% | 4.6% | 147.7% | 90.46% |
Top 10 Holdings
- U.S. Cash Management Fund 2.87%
- Novo Nordisk A/S 1.69%
- Nestle SA 1.22%
- Taiwan Semiconductor Manufacturing Co Ltd 1.21%
- UBS Group AG 1.12%
- Schneider Electric SE 1.08%
- Tencent Holdings Ltd 1.08%
- Linde PLC 1.04%
- Shin-Etsu Chemical Co Ltd 1.03%
- Haleon PLC 1.02%
Asset Allocation
| Weighting | Return Low | Return High | RNTTX % Rank | |
|---|---|---|---|---|
| Stocks | 94.23% | 0.00% | 102.63% | 84.10% |
| Cash | 4.45% | 0.00% | 44.84% | 14.53% |
| Preferred Stocks | 1.02% | -0.05% | 6.57% | 20.03% |
| Other | 0.31% | -2.05% | 69.93% | 24.77% |
| Convertible Bonds | 0.00% | 0.00% | 4.18% | 27.76% |
| Bonds | 0.00% | -0.46% | 79.43% | 32.26% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | RNTTX % Rank | |
|---|---|---|---|---|
| Financial Services | 22.65% | 0.00% | 47.75% | 5.80% |
| Industrials | 12.55% | 5.17% | 99.49% | 70.22% |
| Consumer Cyclical | 11.01% | 0.00% | 36.36% | 33.86% |
| Technology | 10.51% | 0.00% | 36.32% | 59.56% |
| Consumer Defense | 9.88% | 0.00% | 32.29% | 41.54% |
| Healthcare | 9.63% | 0.00% | 20.35% | 73.82% |
| Basic Materials | 7.93% | 0.00% | 23.86% | 55.17% |
| Communication Services | 6.64% | 0.00% | 21.69% | 35.74% |
| Energy | 4.73% | 0.00% | 16.89% | 49.53% |
| Utilities | 2.48% | 0.00% | 13.68% | 55.80% |
| Real Estate | 1.98% | 0.00% | 14.59% | 48.59% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | RNTTX % Rank | |
|---|---|---|---|---|
| Non US | 86.07% | 0.00% | 99.44% | 62.54% |
| US | 8.16% | 0.00% | 102.01% | 40.06% |
RNTTX - Expenses
Operational Fees
| RNTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.01% | 0.01% | 19.62% | 49.77% |
| Management Fee | 0.70% | 0.00% | 1.65% | 55.85% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.05% | 0.01% | 1.00% | 18.40% |
Sales Fees
| RNTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| RNTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 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.
| RNTTX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 34.00% | 2.00% | 247.00% | 48.02% |
RNTTX - Distributions
Dividend Yield Analysis
| RNTTX | Category Low | Category High | RNTTX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.08% | 0.00% | 17.49% | 49.85% |
Dividend Distribution Analysis
| RNTTX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Quarterly | SemiAnnual |
Net Income Ratio Analysis
| RNTTX | Category Low | Category High | RNTTX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.06% | -0.93% | 6.38% | 34.95% |
Capital Gain Distribution Analysis
| RNTTX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Monthly | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2023 | $0.946 | OrdinaryDividend |
| Dec 16, 2022 | $0.529 | CapitalGainLongTerm |
| Dec 17, 2021 | $1.501 | OrdinaryDividend |
| Dec 18, 2020 | $0.473 | OrdinaryDividend |
| Dec 18, 2019 | $1.163 | OrdinaryDividend |
| Dec 19, 2018 | $0.776 | CapitalGainShortTerm |
| Dec 19, 2018 | $1.212 | CapitalGainLongTerm |
| Dec 19, 2018 | $0.864 | OrdinaryDividend |
| Dec 20, 2017 | $0.849 | OrdinaryDividend |
RNTTX - Fund Manager Analysis
Managers
Jon Eggins
Start Date
Tenure
Tenure Rank
Feb 13, 2015
7.3
7.3%
Jon Eggins, Senior Director, Head of Global Equity of Russell Investments since November 2013. Mr. Eggins was a Portfolio Manager from March 2011 to November 2013. Jon joined Russell in 2003 as a research associate in the firm’s Sydney office. While there Jon performed a variety of roles including manager research, portfolio management support and capital markets research. These roles spanned multiple asset classes including large and small cap equities, fixed income and real estate investment trusts. Jon wrote several foundational research papers on Russell’s investment proposition, and regularly presented his findings to clients and industry conferences. In 2008 Jon relocated to Russell’s U.S. headquarters as a research analyst. In this role Jon covered U.S. market-oriented equity managers and global tactical asset allocation strategies., which involved researching, interviewing, evaluating and recommending investment managers to consulting clients and Russell portfolio managers. He is a subject matter expert on quantitative equity managers and quantitative techniques for evaluating managers and constructing multi-manager portfolios. Jon remains actively involved with academia, having tutored courses in economics and econometrics at the University of New South Wales. He has worked with academics in Australia, Austria and Switzerland on a series of papers relating to stock-market index construction and investment manager performance evaluation. His research has been published in practitioner and academic journals such as the Journal of Applied Finance. Jon has also lectured in quantitative techniques at the Financial Services Institute of Australasia (FINSIA), where he was named the Outstanding Lecturer in a NSW Post-graduate Program at the Annual Practitioner Awards for 2007.
Jordan McCall
Start Date
Tenure
Tenure Rank
Apr 12, 2022
0.13
0.1%
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.35 | 6.35 | 3.25 |
