Investment objective & strategy
As of April 30, 2025 · prospectusObjective. The Fund seeks to provide current income and moderate long term capital appreciation.
Strategy. The Fund is a fund of funds, which seeks to achieve its objective by investing in a combination of several other Russell Investment Funds ( RIF ) funds or Russell Investment Company ( RIC ) funds (the Underlying Funds ). RIC is a registered investment company that has the same investment adviser as RIF. Russell Investment Management, LLC (RIM), the Funds investment adviser, intends the Funds 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. The Funds approximate target strategic asset allocation as of May 1, 2025 is 36 % to equity, 54 % to fixed income, 8% to multi-asset and 2 % … The Fund is a fund of funds, which seeks to achieve its objective by investing in a combination of several other Russell Investment Funds ( RIF ) funds or Russell Investment Company ( RIC ) funds (the Underlying Funds ). RIC is a registered investment company that has the same investment adviser as RIF. Russell Investment Management, LLC (RIM), the Funds investment adviser, intends the Funds 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. The Funds approximate target strategic asset allocation as of May 1, 2025 is 36 % to equity, 54 % to fixed income, 8% to multi-asset and 2 % to alternative asset classes. As a result of its investments in the Underlying Funds, the Fund indirectly invests principally in U.S. and non-U.S. equity and fixed income securities and derivatives. Alternative Underlying Funds pursue investment strategies that differ from those of traditional broad market equity or fixed income funds. The RIC Long Duration Bond Underlying Fund is managed directly by RIM, the Funds investment adviser. For all other Underlying Funds, RIM employs a multi-manager approach whereby most assets of the Underlying Funds are allocated to the strategies of different unaffiliated money managers. RIM considers this Fund to be a moderate fund due to its investment objective and asset allocation to fixed income and equity Underlying Funds. RIM may modify the target strategic asset allocation for any Fund, including changes to the Underlying Funds in which a Fund invests, from time to time. RIMs allocation decisions are generally based on RIMs outlook on the business and economic cycle, relative market valuations and market sentiment. RIM may change the Funds target strategic asset allocation by up to +/- 5% at the equity, fixed income, multi-asset or alternative asset class level based on RIMs capital markets research. A Funds actual allocation may vary from the target strategic asset allocation at any point in time due to market movements, and/or due to the implementation over a period of time of a change to the target strategic asset allocation including the addition of a new Underlying Fund. The Funds target strategic asset allocation and the Underlying Funds in which the Fund may invest may be changed from time to time without shareholder notice or approval. Please refer to the Investment Objective and Investment Strategies section in the Funds Prospectus for further information.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Strategic Bond Fund | — | $26.06M | 41.57% |
| Global Equity Fund | — | $9.51M | 15.17% |
| U.S. Strategic Equity Fund | — | $8.32M | 13.27% |
| Multi-Strategy Income Fund | — | $5.04M | 8.04% |
| Short Duration Bond Fund | — | $3.20M | 5.10% |
| Opportunistic Credit Fund | — | $2.54M | 4.05% |
| Long Duration Bond Fund | — | $2.53M | 4.04% |
| International Developed Markets Fund | — | $1.54M | 2.45% |
| Emerging Markets Fund | — | $1.50M | 2.40% |
| U.S. Small Cap Equity Fund | — | $1.25M | 1.99% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Balanced Strategy Fund · RIFHX | 78% | 0.90% |
| Aggressive Strategy Fund · RIFIX | 51% | 0.97% |
| Equity Aggressive Strategy Fund · RIFJX | 42% | 1.00% |
Advisers
| Firm | Role |
|---|---|
| Russell Investment Management, LLC | Adviser |
Footnotes
- Expense ratio as of April 30, 2025, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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