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Trending ETFs

Name

As of 03/26/2024

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

Strategic Bond Fund

RFDAX | Fund

$9.13

$2.08 B

1.01%

$0.09

0.92%

Vitals

YTD Return

-0.9%

1 yr return

0.7%

3 Yr Avg Return

-3.6%

5 Yr Avg Return

-0.2%

Net Assets

$2.08 B

Holdings in Top 10

25.9%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.92%

SALES FEES

Front Load 3.75%

Deferred Load N/A

TRADING FEES

Turnover 89.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 03/26/2024

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

Strategic Bond Fund

RFDAX | Fund

$9.13

$2.08 B

1.01%

$0.09

0.92%

RFDAX - Profile

Distributions

  • YTD Total Return -0.9%
  • 3 Yr Annualized Total Return -3.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.10%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Bond Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Sep 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Gerard Fitzpatrick

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 bonds.
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-manager approach. RIM may change the Funds asset allocation at any time. The Fund’s money managers select the individual portfolio instruments for the assets assigned to them. RIM manages 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 Fund's cash balances.
The Fund may invest in mortgage related securities, including mortgage-backed securities. The Fund may also invest in (1) U.S. and non-U.S. corporate debt securities, (2) Yankee Bonds (dollar-denominated obligations issued in the U.S. by non-U.S. banks and corporations), (3) fixed income securities issued or guaranteed by the U.S. government, non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality and (4) asset-backed securities. The Fund may invest in debt securities that are rated below investment grade (commonly referred to as high-yield or junk bonds) and in distressed debt securities. The Fund may invest in currency futures and options on futures, forward currency contracts, currency swaps 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 invest in derivative instruments and may use derivatives to take both long and short positions. The Fund’s use of derivatives may cause the Fund’s investment returns to be impacted by the performance of securities the Fund does not own and result in the Fund’s total investment exposure exceeding the value of its portfolio. The duration of the Fund's portfolio will typically be within one year of the duration of the Bloomberg U.S. Aggregate Bond Index, but may vary up to two years from the Index's duration. A portion of the Fund’s net assets may be “illiquid” investments. The Fund may invest in variable and floating rate securities. The Fund may purchase loans and other direct indebtedness, including bank loans (also called leveraged loans). The Fund may invest in non-U.S. debt securities, including developed and emerging market debt securities, some of which may be non-U.S. dollar denominated. 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 may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund usually, but not always, exposes a portion of its cash to changes in interest rates or market/sector returns by purchasing fixed income securities and/or derivatives, which typically include exchange traded fixed income futures contracts, to be announced (TBA) securities and swaps. 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.
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RFDAX - Performance

Return Ranking - Trailing

Period RFDAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -6.0% 3.9% 79.23%
1 Yr 0.7% -10.3% 16.1% 95.53%
3 Yr -3.6%* -10.4% 26.2% 88.80%
5 Yr -0.2%* -6.6% 191.4% 82.33%
10 Yr 1.1%* -2.4% 73.7% 72.33%

* Annualized

Return Ranking - Calendar

Period RFDAX Return Category Return Low Category Return High Rank in Category (%)
2023 1.8% -16.2% 8.1% 65.01%
2022 -16.3% -34.7% 131.9% 57.09%
2021 -3.6% -11.6% 4.4% 61.03%
2020 1.7% -10.1% 946.1% 90.61%
2019 5.6% -1.7% 156.4% 48.86%

Total Return Ranking - Trailing

Period RFDAX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.9% -6.0% 3.9% 79.23%
1 Yr 0.7% -10.3% 16.1% 95.53%
3 Yr -3.6%* -10.4% 26.2% 88.80%
5 Yr -0.2%* -6.6% 191.4% 82.33%
10 Yr 1.1%* -2.4% 73.7% 72.33%

* Annualized

Total Return Ranking - Calendar

Period RFDAX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -11.3% 11.0% 94.55%
2022 -14.4% -32.2% 131.9% 75.51%
2021 -2.0% -9.4% 9.2% 84.48%
2020 8.5% -1.9% 1009.0% 44.21%
2019 9.1% 1.1% 21668.0% 41.57%

NAV & Total Return History


RFDAX - Holdings

Concentration Analysis

RFDAX Category Low Category High RFDAX % Rank
Net Assets 2.08 B 2.73 M 292 B 40.63%
Number of Holdings 1471 1 17889 27.20%
Net Assets in Top 10 518 M -106 M 36.5 B 42.56%
Weighting of Top 10 25.88% 4.4% 134.1% 44.19%

Top 10 Holdings

  1. U.S. Cash Management Fund 11.42%
  2. United States Treasury Note/Bond 3.81%
  3. United States Treasury Note/Bond 2.11%
  4. Ginnie Mae 1.87%
  5. Uniform Mortgage-Backed Security, TBA 1.71%
  6. United States Treasury Note/Bond 1.28%
  7. United States Treasury Note/Bond 1.14%
  8. Arbor Realty Commercial Real Estate Notes 2021-FL3 Ltd 0.97%
  9. Fannie Mae Pool 0.84%
  10. Ginnie Mae 0.72%

Asset Allocation

Weighting Return Low Return High RFDAX % Rank
Bonds
86.04% 0.00% 215.98% 79.98%
Cash
13.17% -54.51% 88.26% 11.55%
Convertible Bonds
2.22% 0.00% 7.93% 22.96%
Other
0.77% -13.23% 58.65% 68.88%
Preferred Stocks
0.03% 0.00% 74.68% 23.19%
Stocks
0.00% 0.00% 99.93% 77.73%

Bond Sector Breakdown

Weighting Return Low Return High RFDAX % Rank
Government
50.78% 0.00% 86.23% 3.35%
Corporate
19.38% 0.00% 100.00% 85.42%
Securitized
15.93% 0.00% 98.40% 88.18%
Cash & Equivalents
11.56% 0.00% 88.06% 13.80%
Municipal
0.03% 0.00% 100.00% 70.15%
Derivative
-1.95% -5.38% 58.65% 99.51%

Bond Geographic Breakdown

Weighting Return Low Return High RFDAX % Rank
US
78.73% 0.00% 215.98% 89.92%
Non US
7.30% 0.00% 39.04% 8.12%

RFDAX - Expenses

Operational Fees

RFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.92% 0.01% 39.10% 31.85%
Management Fee 0.38% 0.00% 1.76% 52.96%
12b-1 Fee 0.25% 0.00% 1.00% 45.73%
Administrative Fee 0.05% 0.01% 0.50% 30.79%

Sales Fees

RFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.75% 2.00% 5.75% 66.43%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

RFDAX 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.

RFDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 2.00% 493.39% 39.75%

RFDAX - Distributions

Dividend Yield Analysis

RFDAX Category Low Category High RFDAX % Rank
Dividend Yield 1.01% 0.00% 9.75% 95.21%

Dividend Distribution Analysis

RFDAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

RFDAX Category Low Category High RFDAX % Rank
Net Income Ratio 1.10% -1.28% 4.79% 85.08%

Capital Gain Distribution Analysis

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

Distributions History

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RFDAX - Fund Manager Analysis

Managers

Gerard Fitzpatrick


Start Date

Tenure

Tenure Rank

Aug 01, 2011

10.84

10.8%

Gerard Fitzpatrick, Chief Investment Officer of Fixed Income since November 2013. Mr. Fitzpatrick was a Portfolio Manager from October 2007 to November 2013. Prior to joining Russell, Mr. Fitzpatrick was the CEO of West End Capital Advisors Ltd from 2004-2007.

Albert Jalso


Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Albert Jalso, Senior Portfolio Manager since March 2012. Albert’s career with Russell Investments includes working in their London office from 2011 to 2016. Albert joined the firm in 2007. Prior to joining Russell, Jalso worked at Bank of New York Mellon from September 2001 to April 2007, in various capacities, including as a credit research manager, a senior risk analyst and a senior financial analyst.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.07 33.43 6.82 1.16