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Name

As of 06/01/2026

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

U.S. Small Cap Equity Fund

RLESX | Fund

$29.88

$956 M

1.03%

$0.31

1.11%

Vitals

YTD Return

16.6%

1 yr return

37.8%

3 Yr Avg Return

15.0%

5 Yr Avg Return

6.0%

Net Assets

$956 M

Holdings in Top 10

10.4%

52 WEEK LOW AND HIGH

$29.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.11%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 110.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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

U.S. Small Cap Equity Fund

RLESX | Fund

$29.88

$956 M

1.03%

$0.31

1.11%

RLESX - Profile

Distributions

  • YTD Total Return 16.6%
  • 3 Yr Annualized Total Return 15.0%
  • 5 Yr Annualized Total Return 6.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.15%
DIVIDENDS
  • Dividend Yield 1.0%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    U.S. Small Cap Equity Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Sep 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Megan Roach

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 small capitalization equity securities economically tied to the U.S. The Fund invests principally in common stocks of small capitalization U.S. companies, some of which are also considered micro capitalization U.S. companies. The Fund defines small capitalization companies as those companies represented by the Russell 2000® Index or with market capitalization within the capitalization range of the Russell 2000® Index. The Fund may employ long-short equity strategies pursuant to which it sells securities short. Equity securities in which the Fund invests include common stocks, preferred stocks, partnership interests and equity-equivalent securities or instruments whose values are based on common stocks, such as futures contracts.  In determining if a security is economically tied to the U.S., the Fund generally looks to the “country of risk” of the issuer as determined by a third party such as Bloomberg L.P. 
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/or dynamic) and multi-manager approach. RIM may change the Fund's asset allocation at any time, including not allocating Fund assets to one or more money manager strategies. 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 and 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 certain markets by purchasing equity securities and/or derivatives, which typically include index futures contracts. The Fund may invest in derivative instruments and may use derivatives to take both long and short
positions. The Fund may 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

RLESX - Performance

Return Ranking - Trailing

Period RLESX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.6% -3.4% 36.4% 33.95%
1 Yr 37.8% -2.2% 70.4% 28.22%
3 Yr 15.0%* 0.0% 27.0% 58.90%
5 Yr 6.0%* -5.7% 28.4% 57.38%
10 Yr 10.4%* 2.2% 15.5% 49.59%

* Annualized

Return Ranking - Calendar

Period RLESX Return Category Return Low Category Return High Rank in Category (%)
2025 0.6% -59.8% 21.0% 52.24%
2024 -3.7% -45.8% 22.7% 87.14%
2023 10.8% -19.9% 29.0% 71.25%
2022 -20.3% -59.3% 118.2% 45.45%
2021 -4.8% -27.4% 39.3% 89.75%

Total Return Ranking - Trailing

Period RLESX Return Category Return Low Category Return High Rank in Category (%)
YTD 16.6% -3.4% 36.4% 33.95%
1 Yr 37.8% -2.2% 70.4% 28.22%
3 Yr 15.0%* 0.0% 27.0% 58.90%
5 Yr 6.0%* -5.7% 28.4% 57.38%
10 Yr 10.4%* 2.2% 15.5% 49.59%

* Annualized

Total Return Ranking - Calendar

Period RLESX Return Category Return Low Category Return High Rank in Category (%)
2025 8.7% -7.3% 22.4% 49.59%
2024 8.6% -14.7% 32.4% 73.06%
2023 13.5% -7.1% 31.8% 78.44%
2022 -16.2% -45.2% 123.7% 43.39%
2021 25.8% 0.0% 45.6% 35.56%

NAV & Total Return History

RLESX - Holdings

Concentration Analysis

RLESX Category Low Category High RLESX % Rank
Net Assets 956 M 825 K 177 B 39.39%
Number of Holdings 1119 2 2429 12.24%
Net Assets in Top 10 86.7 M 164 K 14 B 49.18%
Weighting of Top 10 10.36% 3.9% 110.2% 79.30%

Top 10 Holdings

  1. U.S. Cash Management Fund 5.09%
  2. Ligand Pharmaceuticals Inc 0.72%
  3. Argan Inc 0.64%
  4. Select Water Solutions Inc 0.62%
  5. Bridgebio Pharma Inc 0.57%
  6. PDF Solutions Inc 0.57%
  7. MillerKnoll Inc 0.56%
  8. Stepan Co 0.54%
  9. Werner Enterprises Inc 0.54%
  10. ADMA Biologics Inc 0.52%

Asset Allocation

Weighting Return Low Return High RLESX % Rank
Stocks 		94.66% 4.13% 107.43% 92.86%
Cash 		5.23% 0.00% 41.75% 18.98%
Other 		0.11% -0.09% 55.42% 23.06%
Preferred Stocks 		0.00% 0.00% 2.27% 71.22%
Convertible Bonds 		0.00% 0.00% 3.17% 71.78%
Bonds 		0.00% 0.00% 148.81% 74.49%

Stock Sector Breakdown

Weighting Return Low Return High RLESX % Rank
Healthcare 		17.32% 0.00% 26.53% 8.06%
Financial Services 		15.56% 0.00% 34.45% 46.07%
Industrials 		14.44% 8.23% 37.42% 83.68%
Technology 		14.03% 0.00% 43.95% 48.35%
Consumer Cyclical 		11.67% 0.99% 47.79% 39.67%
Real Estate 		7.00% 0.00% 29.43% 56.40%
Energy 		6.42% 0.00% 37.72% 47.52%
Basic Materials 		4.80% 0.00% 16.91% 47.93%
Consumer Defense 		3.91% 0.00% 18.87% 60.74%
Utilities 		2.51% 0.00% 18.58% 49.79%
Communication Services 		2.35% 0.00% 14.85% 59.92%

Stock Geographic Breakdown

Weighting Return Low Return High RLESX % Rank
US 		94.42% 0.00% 107.43% 87.55%
Non US 		0.24% 0.00% 98.75% 15.71%

RLESX - Expenses

Operational Fees

RLESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.11% 0.02% 18.26% 42.51%
Management Fee 0.70% 0.00% 1.25% 46.31%
12b-1 Fee N/A 0.00% 1.00% 17.34%
Administrative Fee 0.05% 0.01% 0.45% 12.66%

Sales Fees

RLESX 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% 5.00% N/A

Trading Fees

RLESX 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.

RLESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 110.00% 1.00% 314.00% 89.47%

RLESX - Distributions

Dividend Yield Analysis

RLESX Category Low Category High RLESX % Rank
Dividend Yield 1.03% 0.00% 42.47% 25.51%

Dividend Distribution Analysis

RLESX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annually Quarterly Annual

Net Income Ratio Analysis

RLESX Category Low Category High RLESX % Rank
Net Income Ratio 0.15% -2.40% 2.49% 54.34%

Capital Gain Distribution Analysis

RLESX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Distributions History

View More +

RLESX - Fund Manager Analysis

Managers

Megan Roach

Start Date

Tenure

Tenure Rank

Mar 10, 2015

7.23

7.2%

Megan Roach, Portfolio Manager since March 2015. Ms. Roach was Head of Research from May 2013 to March 2015. From 2004 to 2013, Ms. Roach was a Senior Research Analyst. Megan Roach, a Senior Portfolio Manager, has primary responsibility for the management of the Fund. Ms. Roach has managed the Fund since March 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 49.61 7.09 0.54

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