Fund Evaluator:

Russell Inv Tax-Managed Intl Eq C Overview

Russell Inv Tax-Managed Intl Eq C (RTNCX) is an actively managed International Equity Foreign Large Blend fund. Russell launched the fund in 2015.

The investment seeks long-term capital growth on an after-tax basis. 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 equity securities, including common stocks and preferred stocks, issued by companies economically tied to non-U.S. countries, including emerging market countries. The fund will invest at least 40%, and may invest up to 100%, of its assets in equity securities economically tied to non-U.S. countries. It may also invest in equity securities of U.S. companies.

About Russell Inv Tax-Managed Intl Eq C (RTNCX)

There are 2 members of the management team with an average tenure of 7.94 years: Jon Eggins (2015), Jordan McCall (2021). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: MSCI ACWI Ex USA NR USD index with a weighting of 100%. Russell Inv Tax-Managed Intl Eq C has 900 securities in its portfolio. The top 10 holdings constitute 17.0% 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 Tax-Managed Intl Eq C is part of the Equity global asset class and is within the International Equity fund group. Russell Inv Tax-Managed Intl Eq C has 92.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 2.8%. There is 92.6% allocated to foreign stock, and 0.6% 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 Tax-Managed Intl Eq C has 4.0% of the portfolio in cash.

Assets Under Management

The fund has $8 million in total assets, which is below the $2 billion average for the Foreign Large Blend 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.

RTNCX 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 Tax-Managed Intl Eq C expense ratio is high compared to funds in the Foreign Large Blend category. Russell Inv Tax-Managed Intl Eq C has an expense ratio of 2.04%, which is 117% 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 Tax-Managed Intl Eq C has a portfolio turnover rate of 29%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 62% for the Foreign Large Blend category.

Recently, in the month of July 2026, Russell Inv Tax-Managed Intl Eq C returned 0.3%, which earned it a grade of C, as the Foreign Large Blend category had an average return of 0.7%. 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 Tax-Managed Intl Eq C has a trailing yield of 1.02%, which is below the 2.17% category average. The fund normally distributes its income 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 Tax-Managed Intl Eq C Grades

Year to date, the fund has returned 10.0%, 1.6 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.7% over the past year (grade of D), 13.1% over the past three years (grade of F) and 6.2% per year over the past five years (grade of F) and 6.7% per year over the past 10 years (grade of F).

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