Fund Evaluator:

Russell Inv Lifepoints Moderate Strat A Overview

Russell Inv Lifepoints Moderate Strat A (RMLAX) is an actively managed Allocation Global Moderately Conservative Allocation fund. Russell launched the fund in 2003.

The investment seeks to provide current income and moderate long term capital appreciation. The fund is a "fund of funds," which seeks to achieve its objective by investing in a combination of several other Russell Investment Company Funds. The fund's adviser intends its strategy of investing in a combination of underlying funds to result in investment diversification that an investor could otherwise achieve only by holding numerous individual investments.

About Russell Inv Lifepoints Moderate Strat A (RMLAX)

There are 2 members of the management team with an average tenure of 2.88 years: Sam Pittman (2023), Amneet Singh (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 6 primary benchmarks: Bloomberg US Universal TR USD index with a weighting of 100%, FTSE EPRA Nareit Developed NR USD index with a weighting of 2%, Bloomberg US Agg Bond TR USD index with a weighting of 48%, Russell 3000 TR USD index with a weighting of 25%, ICE BofA US High Yield TR USD index with a weighting of 12% and MSCI ACWI Ex USA NR USD index with a weighting of 13%. Russell Inv Lifepoints Moderate Strat A has 12 securities in its portfolio. The top 10 holdings constitute 96.0% 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 Lifepoints Moderate Strat A is part of the Allocation global asset class and is within the Allocation fund group. Russell Inv Lifepoints Moderate Strat A has 22.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 23.5%. There is 16.4% allocated to foreign stock, and 0.4% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 48.1% (42.2% domestic bond, 5.9% foreign bond and 1.1% convertible bond). Russell Inv Lifepoints Moderate Strat A has 9.8% of the portfolio in cash.

Assets Under Management

The fund has $66 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.

RMLAX 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 Lifepoints Moderate Strat A expense ratio is high compared to funds in the Global Moderately Conservative Allocation category. Russell Inv Lifepoints Moderate Strat A has an expense ratio of 1.04%, which is 6% higher than its category average, making the fund expense ratio grade a D. 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 Lifepoints Moderate Strat A has a portfolio turnover rate of 21%, 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 Lifepoints Moderate Strat A returned -0.5%, which earned it a grade of C, 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 Lifepoints Moderate Strat A has a trailing yield of 3.34%, which is above the 3.07% 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 Lifepoints Moderate Strat A Grades

Year to date, the fund has returned 4.5%, 0.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 10.7% over the past year (grade of C), 9.0% over the past three years (grade of C) and 3.7% per year over the past five years (grade of D) and 4.3% per year over the past 10 years (grade of F).

For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.

Otherwise, for more information about Russell Inv Lifepoints Moderate Strat A, including its riskiness, submit your email to unlock the rest of the article.