Fund Evaluator:
Russell Inv Global Infrastructure M (RGFTX)
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Best Performing in Infrastructure Over the Last Year
| 18.0% | Cohen & Steers Global Infrastructure Z (CSUZX) |
| 15.1% | Russell Inv Global Infrastructure Y (RGIYX) |
| 15.1% | Russell Inv Global Infrastructure M (RGFTX) |
| 14.9% | Northern Multi-Mgr Glbl Listed Infra (NMFIX) |
| 12.9% | Goldman Sachs Global Infras Inv (GGINX) |
Fund Details
Russell Inv Global Infrastructure M Overview
Russell Inv Global Infrastructure M (RGFTX) is an actively managed Sector Equity Infrastructure fund. Russell launched the fund in 2017.
The investment seeks to provide long term growth of capital and current income. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in securities issued by companies that are engaged in the infrastructure business. Infrastructure refers to the systems and networks of energy, transportation, communication and other services required for the normal function of society. Infrastructure companies also include energy-related companies organized as master limited partnerships ("MLPs") and their affiliates.
About Russell Inv Global Infrastructure M (RGFTX)
There are 1 members of the management team with an average tenure of 7.30 years: Patrick Nikodem (2019). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI World NR USD index with a weighting of 100% and S&P Global Infrastructure NR USD index with a weighting of 100%. Russell Inv Global Infrastructure M has 147 securities in its portfolio. The top 10 holdings constitute 31.2% 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 Global Infrastructure M is part of the Equity global asset class and is within the Sector Equity fund group. Russell Inv Global Infrastructure M has 52.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.5%. There is 52.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Russell Inv Global Infrastructure M has 4.4% of the portfolio in cash.
Assets Under Management
The fund has $44 million in total assets, which is below the $318 million average for the Infrastructure 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.
RGFTX 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 Global Infrastructure M expense ratio is high compared to funds in the Infrastructure category. Russell Inv Global Infrastructure M has an expense ratio of 0.91%, which is 24% lower than its category average, making the fund expense ratio grade a B. 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 Global Infrastructure M has a portfolio turnover rate of 71%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of June 2026, Russell Inv Global Infrastructure M returned 1.8%, which earned it a grade of B, as the Infrastructure category had an average return of 0.8%. 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 Global Infrastructure M has a trailing yield of 3.10%, which is above the 1.96% category average. The fund normally distributes its income quarterly 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 Global Infrastructure M Grades
Year to date, the fund has returned 10.5%, 0.2 percentage points worse than the category, which translates into a grade of C. The fund has returned 15.1% over the past year (grade of C), 14.3% over the past three years (grade of B) and 9.9% per year over the past five years (grade of A) and 8.0% per year over the past 10 years (grade of B).
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RGFTX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RGFTX Return (NAV) | 1.8% | 1.3% | 15.1% | 14.3% | 9.9% | 8.0% |
| RGFTX Grade | B | B | C | B | A | B |
| +/- Category | 1.0% | 0.4% | -0.1% | 1.0% | 1.6% | 0.3% |
| Infrastructure Avg | 0.8% | 1.0% | 15.2% | 13.3% | 8.3% | 7.8% |
| RGFTX Tax Cost Ratio | na | na | 2.7% | 1.7% | 2.1% | na |
RGFTX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RGFTX Return (NAV) | 10.5% | 19.9% | 10.0% | 6.9% | -2.9% | 12.4% | -3.4% | 27.9% | -10.0% | 19.0% | 9.3% |
| RGFTX Grade | C | B | C | A | A | F | D | C | F | B | B |
| +/- Category | -0.2% | 1.6% | 1.0% | 2.6% | 3.7% | -2.1% | -2.8% | 0.7% | -2.5% | 1.9% | 0.5% |
| Infrastructure Avg | 10.7% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 12.5% |
| Total Risk Index: | 1.03 - Average |
| Category Risk Index: | 0.94 - Below Average |
| Category Risk Grade: | B (22% Rank) |
| Beta: | 0.57 |
| R-Squared: | 34% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 3.1% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $613 Mil |
| Fund Total Assets: | $ 44 Mil |
| Share Class Type: | M |
| Portfolio Turnover: | 71% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 7.3 years | |||
| Average Tenure: 7.3 years | |||
| Managers (Year): Nikodem Patrick (2019) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 147 |
| % in Top 10 Holdings: | 31.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 52.1% |
Portfolio Allocation |
|
| Domestic Stock: | 43.5% |
| Foreign Stock: | 52.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.4% |
Purchase Information
| Fund Family: | Russell |
| Phone Number: | 800-787-7354 |
| Website: | www.russell.com |
| Status: | Open |
| Inception Date: | March 16, 2017 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.91% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Russell Inv Global Infrastructure Y |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
