Fund Evaluator:

Russell Inv Tax-Managed US Mid&Sm Cap C Overview

Russell Inv Tax-Managed US Mid&Sm Cap C (RTSCX) is an actively managed U.S. Equity Small Blend fund. Russell launched the fund in 1999.

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 medium and small capitalization companies economically tied to the U.S. The fund invests principally in common stocks of medium and small capitalization U.S. companies. The managers define medium and small capitalization companies as those companies represented by the Russell 2500™ Index or with market capitalization within the capitalization range of the Russell 2500™ Index.

About Russell Inv Tax-Managed US Mid&Sm Cap C (RTSCX)

There are 2 members of the management team with an average tenure of 7.11 years: Megan Roach (2015), Nick Haupt (2023). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Russell 3000 TR USD index with a weighting of 100% and Russell 2500 TR USD index with a weighting of 100%. Russell Inv Tax-Managed US Mid&Sm Cap C has 789 securities in its portfolio. The top 10 holdings constitute 6.7% 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 US Mid&Sm Cap C is part of the Equity global asset class and is within the U.S. Equity fund group. Russell Inv Tax-Managed US Mid&Sm Cap C has 5.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 93.0%. There is 5.0% 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 Tax-Managed US Mid&Sm Cap C has 2.0% of the portfolio in cash.

Assets Under Management

The fund has $14 million in total assets, which is below the $683 million average for the Small 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.

RTSCX 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 US Mid&Sm Cap C expense ratio is high compared to funds in the Small Blend category. Russell Inv Tax-Managed US Mid&Sm Cap C has an expense ratio of 2.21%, which is 112% 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 US Mid&Sm Cap C has a portfolio turnover rate of 55%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 66% for the Small Blend category.

Recently, in the month of August 2026, Russell Inv Tax-Managed US Mid&Sm Cap C returned -0.5%, which earned it a grade of D, as the Small Blend category had an average return of -0.1%. 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 US Mid&Sm Cap C has a trailing yield of 0.00%, which is below the 0.43% category average. The fund normally distributes its income annually 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 Tax-Managed US Mid&Sm Cap C Grades

Year to date, the fund has returned 14.6%, 3.5 percentage points worse than the category, which translates into a grade of D. The fund has returned 16.2% over the past year (grade of D), 10.8% over the past three years (grade of F) and 3.3% per year over the past five years (grade of F) and 7.8% per year over the past 10 years (grade of F).

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