Fund Evaluator:

Russell Inv Equity Income S Overview

Russell Inv Equity Income S (RLISX) is an actively managed U.S. Equity Large Value fund. Russell launched the fund in 2008.

The investment seeks to provide long term capital growth and current income. 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 equity securities. It invests principally in common stocks of dividend-paying large and medium capitalization U.S. companies. The manager defines large and medium capitalization companies as those companies represented by the Russell 1000® Index or with market capitalization within the capitalization range of the Russell 1000® Index.

About Russell Inv Equity Income S (RLISX)

There are 2 members of the management team with an average tenure of 5.84 years: Megan Roach (2019), Nick Haupt (2022). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Russell Inv Equity Income S has 258 securities in its portfolio. The top 10 holdings constitute 21.9% 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 Equity Income S is part of the Equity global asset class and is within the U.S. Equity fund group. Russell Inv Equity Income S has 8.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 88.6%. There is 8.0% 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 Equity Income S has 3.4% of the portfolio in cash.

Assets Under Management

The fund has $108 million in total assets, which is below the $1 billion average for the Large Value 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.

RLISX 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 Equity Income S expense ratio is high compared to funds in the Large Value category. Russell Inv Equity Income S has an expense ratio of 0.83%, which is 10% lower than its category average, making the fund expense ratio grade a C. 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 Equity Income S has a portfolio turnover rate of 25%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.

Recently, in the month of July 2026, Russell Inv Equity Income S returned 4.5%, which earned it a grade of A, as the Large Value category had an average return of 2.9%. 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 Equity Income S has a trailing yield of 1.79%, which is above the 1.20% 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 Equity Income S Grades

Year to date, the fund has returned 17.8%, 3.5 percentage points better than the category, which translates into a grade of B. The fund has returned 26.6% over the past year (grade of B), 15.8% over the past three years (grade of C) and 10.7% per year over the past five years (grade of C) and 12.5% per year over the past 10 years (grade of B).

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