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Trending ETFs

Opportunistic Credit Fund

mutual fund
RGOTX
Payout Change
Pending
Price as of:
$8.55 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class
M (RGOTX) C (RGCCX) S (RGCSX) A (RGCAX) Y (RGCYX)
RGOTX (Mutual Fund)

Opportunistic Credit Fund

Payout Change
Pending
Price as of:
$8.55 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class
M (RGOTX) C (RGCCX) S (RGCSX) A (RGCAX) Y (RGCYX)
RGOTX (Mutual Fund)

Opportunistic Credit Fund

Payout Change
Pending
Price as of:
$8.55 +0.0 +0.0%
primary theme
Bond Sector Diversified
share class
M (RGOTX) C (RGCCX) S (RGCSX) A (RGCAX) Y (RGCYX)

Name

As of 11/22/2024

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

Opportunistic Credit Fund

RGOTX | Fund

$8.55

$427 M

11.72%

$1.00

0.94%

Vitals

YTD Return

7.1%

1 yr return

11.8%

3 Yr Avg Return

2.1%

5 Yr Avg Return

2.7%

Net Assets

$427 M

Holdings in Top 10

10.8%

52 WEEK LOW AND HIGH

$8.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.94%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 51.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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

Opportunistic Credit Fund

RGOTX | Fund

$8.55

$427 M

11.72%

$1.00

0.94%

RGOTX - Profile

Distributions

  • YTD Total Return 7.1%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 2.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.61%
DIVIDENDS
  • Dividend Yield 11.7%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Opportunistic Credit Fund
  • Fund Family Name
    Russell
  • Inception Date
    Mar 17, 2017
  • Shares Outstanding
    N/A
  • Share Class
    M
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Greg Nott

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. The Fund invests in various tactical global bond opportunities including high yield debt securities, emerging markets debt securities (including Brady Bonds), U.S. and non-U.S. corporate debt securities, Yankee Bonds (dollar denominated obligations issued in the U.S. by non-U.S. banks and corporations), fixed income securities issued or guaranteed by the U.S. government (including Treasury Inflation Protected Securities and zero coupon securities) or by non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality (including emerging markets sovereign debt) and investment grade securities.
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.
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 mortgage-backed and asset-backed securities. The Fund may invest without limitation in securities denominated in foreign currencies, in U.S. dollar-denominated securities of foreign issuers and in developed and emerging markets debt securities. 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 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 Fund may invest in synthetic foreign fixed income securities, which may be referred to as local access products and participation notes. 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 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 total return swaps, index credit default swaps and to be announced (“TBA”) securities. The Fund may also purchase loans and other direct indebtedness, including bank loans (also called “leveraged loans”). The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper. The Fund may invest in convertible securities, including contingent convertible securities. 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 engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. 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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RGOTX - Performance

Return Ranking - Trailing

Period RGOTX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -11.6% 17.5% 22.38%
1 Yr 11.8% -8.3% 20.4% 14.66%
3 Yr 2.1%* -16.9% 16.4% 35.28%
5 Yr 2.7%* -14.5% 14.0% 41.37%
10 Yr N/A* -7.3% 6.8% 34.62%

* Annualized

Return Ranking - Calendar

Period RGOTX Return Category Return Low Category Return High Rank in Category (%)
2023 5.9% -12.0% 8.9% 3.85%
2022 -15.4% -31.8% 18.4% 71.56%
2021 -1.8% -16.2% 25.7% 58.99%
2020 -0.3% -31.1% 18.7% 65.90%
2019 4.6% -6.1% 15.3% 49.71%

Total Return Ranking - Trailing

Period RGOTX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.1% -11.6% 17.5% 22.38%
1 Yr 11.8% -8.3% 20.4% 14.66%
3 Yr 2.1%* -16.9% 16.4% 35.28%
5 Yr 2.7%* -14.5% 14.0% 41.37%
10 Yr N/A* -7.3% 6.8% 31.87%

* Annualized

Total Return Ranking - Calendar

Period RGOTX Return Category Return Low Category Return High Rank in Category (%)
2023 11.2% -6.9% 22.2% 9.55%
2022 -11.4% -31.8% 21.1% 69.51%
2021 2.7% -13.5% 49.9% 41.34%
2020 3.7% -28.6% 24.1% 65.72%
2019 11.0% -4.8% 19.1% 25.91%

NAV & Total Return History

RGOTX - Holdings

Concentration Analysis

RGOTX Category Low Category High RGOTX % Rank
Net Assets 427 M 2.63 M 143 B 57.62%
Number of Holdings 1262 4 9195 16.95%
Net Assets in Top 10 48.3 M -204 M 80.4 B 78.07%
Weighting of Top 10 10.85% 5.8% 265.8% 88.87%

Top 10 Holdings

  1. U.S. Cash Management Fund 5.31%
  2. Optima Specialty Steel Inc. 0.96%
  3. U.S. Cash Collateral Fund 0.78%
  4. Travelex Issuerco 2 PLC 0.77%
  5. Real Alloy 0.68%
  6. Cascade Funding Mortgage Trust 2021-FRR1 0.66%
  7. UBS-BAMLL Trust 2012-WRM 0.48%
  8. Global Aircraft Leasing Co Ltd 0.42%
  9. Petroleos Mexicanos 0.40%
  10. Level 3 Financing Inc 0.39%

Asset Allocation

Weighting Return Low Return High RGOTX % Rank
Bonds 		86.56% 0.00% 199.60% 58.79%
Cash 		7.91% -94.66% 99.97% 23.48%
Other 		3.81% -73.61% 147.15% 46.97%
Stocks 		1.72% -6.18% 99.66% 34.84%
Convertible Bonds 		0.76% 0.00% 33.50% 59.74%
Preferred Stocks 		0.00% 0.00% 26.42% 58.63%

Stock Sector Breakdown

Weighting Return Low Return High RGOTX % Rank
Energy 		70.97% 0.00% 100.00% 18.79%
Financial Services 		29.02% 0.00% 100.00% 19.36%
Utilities 		0.00% 0.00% 100.00% 58.96%
Technology 		0.00% 0.00% 28.30% 52.31%
Real Estate 		0.00% 0.00% 100.00% 58.96%
Industrials 		0.00% 0.00% 100.00% 66.76%
Healthcare 		0.00% 0.00% 18.60% 52.02%
Communication Services 		0.00% 0.00% 100.00% 58.09%
Consumer Defense 		0.00% 0.00% 99.97% 53.47%
Consumer Cyclical 		0.00% 0.00% 89.95% 61.85%
Basic Materials 		0.00% 0.00% 100.00% 54.05%

Stock Geographic Breakdown

Weighting Return Low Return High RGOTX % Rank
US 		1.68% -6.18% 99.66% 33.59%
Non US 		0.04% -0.26% 17.73% 11.51%

Bond Sector Breakdown

Weighting Return Low Return High RGOTX % Rank
Corporate 		49.87% 0.00% 96.66% 33.55%
Securitized 		20.32% 0.00% 99.65% 43.98%
Government 		9.31% 0.00% 99.43% 57.62%
Cash & Equivalents 		6.09% 0.00% 94.89% 29.33%
Derivative 		0.16% -73.61% 147.15% 35.57%
Municipal 		0.00% 0.00% 54.26% 55.06%

Bond Geographic Breakdown

Weighting Return Low Return High RGOTX % Rank
US 		73.55% 0.00% 199.60% 58.48%
Non US 		13.01% 0.00% 74.14% 27.68%

RGOTX - Expenses

Operational Fees

RGOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.94% 0.03% 20.67% 64.96%
Management Fee 0.58% 0.00% 2.29% 45.06%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.00% 0.70% 13.15%

Sales Fees

RGOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 1.50% N/A

Trading Fees

RGOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 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.

RGOTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 51.00% 0.00% 632.00% 23.12%

RGOTX - Distributions

Dividend Yield Analysis

RGOTX Category Low Category High RGOTX % Rank
Dividend Yield 11.72% 0.00% 23.30% 38.83%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RGOTX Category Low Category High RGOTX % Rank
Net Income Ratio 3.61% -1.55% 11.51% 25.59%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RGOTX - Fund Manager Analysis

Managers

Greg Nott

Start Date

Tenure

Tenure Rank

Mar 01, 2022

0.25

0.3%

Greg Nott is Chief Investment Officer for Russell Investments Canada. Based in Toronto, Greg is responsible for all aspects of investment management, including leading the fixed income and multi-asset investment teams. Greg has 24 years of industry experience and has been with Russell Investments since 1998. Greg’s experience includes manager research analysis, fixed income portfolio management, and multi-asset portfolio management. Greg became CIO in 2011, and maintains his portfolio management responsibilities.

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 28.19 5.71 3.19

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