Fund Evaluator:

Russell Inv Multi-Strategy Income M Overview

Russell Inv Multi-Strategy Income M (RGYTX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Russell launched the fund in 2017.

The investment seeks to provide a high level of current income and, as a secondary objective, long-term capital growth. The fund principally invests in a range of diversified income-producing investments. It will typically pursue strategies and invest in instruments which have historically produced a significant portion of their total return from income. The fund’s target strategic asset allocation is 40% to global equity or equity-related securities or instruments, including equity securities of real assets-related companies, and 60% global fixed income or fixed income-related securities or instruments, including high yield and emerging markets debt.

About Russell Inv Multi-Strategy Income M (RGYTX)

There are 1 members of the management team with an average tenure of 11.26 years: Rob Balkema (2015). Management tenure is more important for actively managed funds than passive index funds.

The fund has 6 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100%, MSCI ACWI High Dividend Yield NR USD index with a weighting of 33%, JPM EMBI Global Diversified TR USD index with a weighting of 12%, FTSE EPRA Nareit Developed TR USD index with a weighting of 7%, Bloomberg US Agg Bond TR USD index with a weighting of 30% and ICE BofA Gbl HY TR USD index with a weighting of 18%. Russell Inv Multi-Strategy Income M has 1286 securities in its portfolio. The top 10 holdings constitute 8.6% 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-Strategy Income M is part of the Allocation global asset class and is within the Allocation fund group. Russell Inv Multi-Strategy Income M has 38.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.8%. There is 24.8% allocated to foreign stock, and 2.8% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 10.4% (-3.4% domestic bond, 13.8% foreign bond and 13.3% convertible bond). Russell Inv Multi-Strategy Income M has 19.9% of the portfolio in cash.

Assets Under Management

The fund has $29 million in total assets, which is below the $304 million average for the Global Moderately Conservative 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.

RGYTX 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-Strategy Income M expense ratio is above average compared to funds in the Global Moderately Conservative Allocation category. Russell Inv Multi-Strategy Income M has an expense ratio of 0.68%, which is 31% 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 Multi-Strategy Income M has a portfolio turnover rate of 95%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 50% for the Global Moderately Conservative Allocation category.

Recently, in the month of July 2026, Russell Inv Multi-Strategy Income M returned 0.5%, which earned it a grade of A, as the Global Moderately Conservative Allocation category had an average return of -0.5%. 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-Strategy Income M has a trailing yield of 3.72%, which is above the 3.07% category average. The fund normally distributes its income quarterly.

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-Strategy Income M Grades

Year to date, the fund has returned 5.8%, 0.7 percentage points better than the category, which translates into a grade of B. The fund has returned 12.9% over the past year (grade of A), 9.8% over the past three years (grade of A) and 4.5% per year over the past five years (grade of B) and 5.1% per year over the past 10 years (grade of D).

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