Fund Evaluator:

Russell Inv Multi-Asset Strat C Overview

Russell Inv Multi-Asset Strat C (RAZCX) is an actively managed Allocation Global Moderate Allocation fund. Russell launched the fund in 2017.

The investment seeks to provide long term total return with lower volatility than equity markets. The fund’s target strategic asset allocation is 60% to global equity or equity-related securities or instruments, including equity securities of real assets-related companies, and 40% global fixed income or fixed income-related securities or instruments, including high yield debt. However, the fund is not required to allocate its investments in any set proportion and RIM will dynamically manage the fund’s asset allocation based on market conditions generally by up to plus/minus 10% from the fund’s target strategic asset allocations.

About Russell Inv Multi-Asset Strat C (RAZCX)

There are 1 members of the management team with an average tenure of 9.41 years: Rob Balkema (2017). Management tenure is more important for actively managed funds than passive index funds.

The fund has 5 primary benchmarks: Russell 1000 TR USD index with a weighting of 100%, FTSE EPRA Nareit Developed TR USD index with a weighting of 5%, Bloomberg US Agg Bond TR USD index with a weighting of 20%, ICE BofA Gbl HY TR USD index with a weighting of 20% and MSCI ACWI NR USD index with a weighting of 55%. Russell Inv Multi-Asset Strat C has 1302 securities in its portfolio. The top 10 holdings constitute 10.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Russell Inv Multi-Asset Strat C is part of the Allocation global asset class and is within the Allocation fund group. Russell Inv Multi-Asset Strat C has 38.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 35.8%. There is 33.6% allocated to foreign stock, and 0.1% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 11.8% (7.3% domestic bond, 4.5% foreign bond and 10.3% convertible bond). Russell Inv Multi-Asset Strat C has 8.5% of the portfolio in cash.

Assets Under Management

The fund has $540 million in total assets, which is below the $947 million average for the Global Moderate Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

RAZCX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Russell Inv Multi-Asset Strat C expense ratio is high compared to funds in the Global Moderate Allocation category. Russell Inv Multi-Asset Strat C has an expense ratio of 1.90%, which is 82% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Russell Inv Multi-Asset Strat C has a portfolio turnover rate of 101%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 64% for the Global Moderate Allocation category.

Recently, in the month of July 2026, Russell Inv Multi-Asset Strat C returned -0.4%, which earned it a grade of C, as the Global Moderate Allocation category had an average return of 0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Russell Inv Multi-Asset Strat C has a trailing yield of 1.73%, which is below the 2.61% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Russell Inv Multi-Asset Strat C Grades

Year to date, the fund has returned 6.7%, 1.4 percentage points worse than the category, which translates into a grade of D. The fund has returned 14.1% over the past year (grade of D), 11.3% over the past three years (grade of D) and 5.3% per year over the past five years (grade of D).

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