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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

Strategic Bond Fund

RSYTX | Fund

$9.09

$2.16 B

0.00%

0.68%

Vitals

YTD Return

-0.2%

1 yr return

5.1%

3 Yr Avg Return

3.7%

5 Yr Avg Return

-0.4%

Net Assets

$2.16 B

Holdings in Top 10

21.8%

52 WEEK LOW AND HIGH

$9.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.68%

SALES FEES

Front Load N/A

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 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

Strategic Bond Fund

RSYTX | Fund

$9.09

$2.16 B

0.00%

0.68%

RSYTX - Profile

Distributions

  • YTD Total Return -0.2%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.41%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Strategic Bond Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Mar 17, 2017
  • Shares Outstanding
    N/A
  • Share Class
    M
  • 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. Bonds are fixed income and floating rate securities representing debt obligations that typically require the issuer to repay the bondholders the principal amount borrowed and generally to pay interest. The Fund considers bonds to include fixed income equivalent instruments, which may be represented by forwards or derivatives such as options, futures contracts or swap agreements.
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 Fund’s 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.
RIM determines the Fund’s allocations to fixed income sectors, money manager strategies and RIM’s strategies based on RIM’s target strategic asset allocation, portfolio construction tools and Fund-level guidelines. The portfolio construction process involves an analysis of tradeoffs between various risk and return factors as well as turnover and transaction costs to estimate optimal portfolio positioning.
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. The Fund has no restrictions on the maturity of securities in which it invests or on the maturity of its overall portfolio. 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 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. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information.
Read More

RSYTX - Performance

Return Ranking - Trailing

Period RSYTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -3.4% 4.8% 81.68%
1 Yr 5.1% -0.8% 14.1% 51.19%
3 Yr 3.7%* -3.9% 13.5% 75.63%
5 Yr -0.4%* -5.3% 6.0% 80.24%
10 Yr N/A* -0.4% 74.5% 40.80%

* Annualized

Return Ranking - Calendar

Period RSYTX Return Category Return Low Category Return High Rank in Category (%)
2025 2.2% -4.7% 18.4% 85.78%
2024 -3.5% -13.2% 4.6% 90.44%
2023 2.1% -16.2% 6.8% 51.14%
2022 -16.3% -34.7% 2.1% 58.55%
2021 -3.6% -11.6% 4.4% 58.34%

Total Return Ranking - Trailing

Period RSYTX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.2% -3.4% 4.8% 81.68%
1 Yr 5.1% -0.8% 14.1% 51.19%
3 Yr 3.7%* -3.9% 13.5% 75.63%
5 Yr -0.4%* -5.3% 6.0% 80.24%
10 Yr N/A* -0.4% 74.5% 38.36%

* Annualized

Total Return Ranking - Calendar

Period RSYTX Return Category Return Low Category Return High Rank in Category (%)
2025 7.5% -2.0% 22.5% 48.46%
2024 1.1% -12.6% 12.0% 84.19%
2023 4.4% -11.3% 11.9% 92.12%
2022 -14.1% -32.2% 3.6% 67.56%
2021 -1.3% -5.9% 9.2% 62.85%

NAV & Total Return History

RSYTX - Holdings

Concentration Analysis

RSYTX Category Low Category High RSYTX % Rank
Net Assets 2.16 B 3.02 M 390 B 50.63%
Number of Holdings 975 1 17368 45.94%
Net Assets in Top 10 425 M 1.89 M 44 B 51.09%
Weighting of Top 10 21.84% 4.8% 128.8% 47.19%

Top 10 Holdings

  1. U.S. Cash Management Fund 9.68%
  2. U.S. Treasury Bills 4.55%
  3. Uniform Mortgage-Backed Security, TBA 1.39%
  4. Japan Treasury Discount Bill 1.33%
  5. Japan Treasury Discount Bill 1.02%
  6. Apna Park Clo DAC 0.80%
  7. BX Trust 2024-BIO 0.80%
  8. Freddie Mac Pool 0.77%
  9. Uniform Mortgage-Backed Security, TBA 0.76%
  10. Fannie Mae Pool 0.76%

Asset Allocation

Weighting Return Low Return High RSYTX % Rank
Bonds 		78.74% 0.00% 222.86% 90.22%
Cash 		17.44% -24.88% 99.53% 1.37%
Other 		3.81% -14.76% 71.36% 57.14%
Convertible Bonds 		2.22% 0.00% 7.93% 21.89%
Stocks 		0.00% 0.00% 100.02% 67.35%
Preferred Stocks 		0.00% 0.00% 74.76% 62.86%

Bond Sector Breakdown

Weighting Return Low Return High RSYTX % Rank
Government 		50.78% 0.00% 86.23% 3.23%
Corporate 		19.38% 0.00% 100.00% 88.02%
Cash & Equivalents 		16.58% 0.00% 91.82% 2.40%
Securitized 		15.93% 0.00% 98.40% 86.98%
Municipal 		0.03% 0.00% 100.00% 72.35%
Derivative 		-0.51% -10.74% 33.51% 95.31%

Bond Geographic Breakdown

Weighting Return Low Return High RSYTX % Rank
US 		73.64% 0.00% 222.86% 90.74%
Non US 		5.11% 0.00% 36.90% 11.89%

RSYTX - Expenses

Operational Fees

RSYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.68% 0.01% 30.45% 47.25%
Management Fee 0.38% 0.00% 1.76% 59.66%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.50% 31.67%

Sales Fees

RSYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

RSYTX 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.

RSYTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 89.00% 2.00% 493.39% 39.60%

RSYTX - Distributions

Dividend Yield Analysis

RSYTX Category Low Category High RSYTX % Rank
Dividend Yield 0.00% 0.00% 10.11% 78.61%

Dividend Distribution Analysis

RSYTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

RSYTX Category Low Category High RSYTX % Rank
Net Income Ratio 1.41% -1.28% 4.79% 70.47%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RSYTX - 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
0.08 33.43 6.81 1.16

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