Continue to site >
Trending ETFs
You have successfully subscribed to Advisor Access. Thank you!
Help us personalize your experience.
Which type of investor describes you best?
Help us personalize your experience.
What is your AUM?
Knowing your investable assets will help us build and prioritize features that will suit your investment needs.

Congratulations on personalizing your experience.

Email is verified. Thank you!

Name

As of

Price

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

Russell Investments Tax-Managed International Equity Fund

RTNEX |

-

$1.8 B

-

1.40%

Vitals

YTD Return

-12.8%

1 yr return

-2.9%

3 Yr Avg Return

-3.2%

5 Yr Avg Return

0.4%

Net Assets

$1.8 B

Holdings in Top 10

12.7%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.40%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 77.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of

Price

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

Russell Investments Tax-Managed International Equity Fund

RTNEX |

-

$1.8 B

-

1.40%

RTNEX - Profile

Distributions

  • YTD Total Return -12.8%
  • 3 Yr Annualized Total Return -3.2%
  • 5 Yr Annualized Total Return 0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.97%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Russell Investments Tax-Managed International Equity Fund
  • Fund Family Name
    Russell
  • Inception Date
    Jun 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States

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 equity securities. The Fund invests principally in equity securities, including common stocks and preferred stocks, issued by companies economically tied to non-U.S. countries, including emerging market countries, and in depositary receipts. The Fund’s securities are denominated principally in foreign currencies and are typically held outside the U.S. The Fund’s investments span most of the developed nations of the world to maintain a high degree of diversification among countries and currencies. Under normal market conditions, the Fund will invest at least 40%, and may invest up to 100%, of its assets in equity securities economically tied to non-U.S. countries. The Fund may also invest in equity securities of U.S. companies. 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 ACWI ex USA Index or within the capitalization range of the MSCI ACWI ex USA Index. The Fund seeks to realize capital growth while considering shareholder tax consequences arising from the Fund’s portfolio management activities. The Fund typically buys stocks with the intention of holding them long enough to qualify for long-term capital gains tax treatment. Stocks may, however, be sold at a point where short-term capital gains are realized if the Fund believes it is most appropriate in that case to do so or as a result of redemption activity. 
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, defensive and dynamic) and multi-manager approach. RIM may change a 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 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. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information. 
Read More

RTNEX - Performance

Return Ranking - Trailing

Period RTNEX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.8% -52.4% 846.8% 93.48%
1 Yr -2.9% -48.7% 899.2% 64.65%
3 Yr -3.2%* -21.8% 111.7% 60.00%
5 Yr 0.4%* -11.1% 64.5% 80.86%
10 Yr N/A* -6.0% 6.5% N/A

* Annualized

Return Ranking - Calendar

Period RTNEX Return Category Return Low Category Return High Rank in Category (%)
2023 19.1% -19.9% 38.8% 46.10%
2022 -17.6% -50.2% 0.0% 38.66%
2021 27.9% -2.4% 38.4% 8.43%
2020 3.2% -23.2% 14.4% 8.27%
2019 N/A -47.4% 6.8% N/A

Total Return Ranking - Trailing

Period RTNEX Return Category Return Low Category Return High Rank in Category (%)
YTD -12.8% -52.4% 846.8% 93.48%
1 Yr -2.9% -48.7% 899.2% 64.65%
3 Yr -3.2%* -21.8% 111.7% 73.11%
5 Yr 0.4%* -11.1% 64.5% 91.60%
10 Yr N/A* -6.0% 6.9% N/A

* Annualized

Total Return Ranking - Calendar

Period RTNEX Return Category Return Low Category Return High Rank in Category (%)
2023 19.1% -19.9% 38.8% 46.10%
2022 -17.6% -50.2% 0.0% 53.04%
2021 27.9% -0.1% 38.4% 18.07%
2020 3.2% -10.2% 14.4% 14.10%
2019 N/A -28.8% 7.7% N/A

RTNEX - Holdings

Concentration Analysis

RTNEX Category Low Category High RTNEX % Rank
Net Assets 1.8 B 155 K 428 B 29.39%
Number of Holdings 927 1 9941 9.12%
Net Assets in Top 10 217 M 0 46.1 B 38.57%
Weighting of Top 10 12.65% 5.1% 100.0% 88.09%

Top 10 Holdings

  1. Roche Holding AG Dividend Right Cert. 1.77%
  2. Nestle SA 1.49%
  3. MSCI EAFE Index Future June 20 1.45%
  4. Alibaba Group Holding Ltd ADR 1.40%
  5. Novartis AG 1.33%
  6. Taiwan Semiconductor Manufacturing Co Ltd 1.15%
  7. Tencent Holdings Ltd 1.14%
  8. Samsung Electronics Co Ltd 1.08%
  9. Sanofi SA 1.03%
  10. Honda Motor Co Ltd 0.81%

Asset Allocation

Weighting Return Low Return High RTNEX % Rank
Stocks 		90.71% 0.00% 110.70% 93.55%
Cash 		7.25% -124.99% 100.00% 8.42%
Preferred Stocks 		2.04% -0.01% 2.04% 0.14%
Other 		0.00% -8.26% 88.39% 51.75%
Convertible Bonds 		0.00% 0.00% 4.00% 21.74%
Bonds 		0.00% -0.18% 32.43% 32.68%

Stock Sector Breakdown

Weighting Return Low Return High RTNEX % Rank
Financial Services 		19.43% 0.00% 28.75% 10.33%
Industrials 		12.59% 3.48% 36.86% 62.80%
Technology 		11.12% 0.00% 40.02% 52.76%
Consumer Cyclical 		10.81% 2.25% 31.79% 36.35%
Consumer Defense 		10.36% 2.10% 27.50% 57.85%
Healthcare 		9.55% 0.00% 28.18% 85.43%
Communication Services 		8.10% 0.00% 31.27% 51.20%
Basic Materials 		7.69% 0.00% 17.66% 42.57%
Energy 		4.29% 0.00% 15.90% 28.29%
Utilities 		3.36% 0.00% 13.18% 50.07%
Real Estate 		2.71% 0.00% 10.33% 40.03%

Stock Geographic Breakdown

Weighting Return Low Return High RTNEX % Rank
Non US 		90.26% 0.00% 125.78% 86.12%
US 		0.45% -30.21% 19.04% 83.87%

RTNEX - Expenses

Operational Fees

RTNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.40% 0.02% 19.39% 31.45%
Management Fee 0.85% 0.00% 1.35% 86.91%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 1.00% 12.17%

Sales Fees

RTNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RTNEX 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.

RTNEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 77.00% 0.00% 426.00% 82.40%

RTNEX - Distributions

Dividend Yield Analysis

RTNEX Category Low Category High RTNEX % Rank
Dividend Yield 0.00% 0.00% 5.71% 24.09%

Dividend Distribution Analysis

RTNEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

RTNEX Category Low Category High RTNEX % Rank
Net Income Ratio 1.97% -1.71% 11.59% 52.50%

Capital Gain Distribution Analysis

RTNEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

RTNEX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.12 28.6 5.56 1.34

Advertisement

×

Wait! Do you know all the important aspects of mutual funds?

×

Free Advisor Access newsletter emailed to you.

Receive free and exclusive email updates for financial advisors about best performers, news, CE accredited webcasts and more.

Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.

Disclaimer: By registering, you agree to share your data with MutualFunds.com and opt-in to receiving occasional communications about projects and events. The contents of this form are subject to the MutualFunds.com Privacy Policy. You can unsubscribe at any time.