RTLCX
Tax-Managed U.S. Large Cap Fund
RUSSELL INVESTMENT CO
Expense ratio1
1.90%
Net assets2
$11.91B
Holdings2
444
Category
US Equity
2025 return3
13.32%

Investment objective & strategy

As of Feb. 27, 2026 · prospectus

Objective. The Fund seeks to provide long term capital growth on an after-tax basis.

Strategy. 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 large capitalization companies economically tied to the U.S. The Fund invests principally in common stocks of large capitalization U.S. companies. The Fund defines large capitalization companies as those companies represented by the S&P 500 Index or with market capitalization within the capitalization range of the S&P 500 Index. In determining if a security is economically tied to the U.S., the Fund generally looks to the country of risk of the issuer as determined by a third party such as Bloomberg L.P. The Fund seeks to realize capital growth while considering shareholder tax consequences … 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 large capitalization companies economically tied to the U.S. The Fund invests principally in common stocks of large capitalization U.S. companies. The Fund defines large capitalization companies as those companies represented by the S&P 500 Index or with market capitalization within the capitalization range of the S&P 500 Index. In determining if a security is economically tied to the U.S., the Fund generally looks to the country of risk of the issuer as determined by a third party such as Bloomberg L.P. The Fund seeks to realize capital growth while considering shareholder tax consequences arising from its portfolio management activities. The Fund typically buys stocks with the intention of holding them long enough to qualify for long-term capital gains tax treatment. Stocks may, however, be sold at a point where short-term capital gains are realized if the Fund believes it is appropriate in that case to do so or as a result of redemption activity. Russell Investment Management, LLC ( RIM ) provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Fund is advised by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-style (e.g., growth, value and market-oriented) and multi-manager approach. RIM may change the Fund's asset allocation at any time. The Fund's money managers have non-discretionary asset management assignments pursuant to which they provide a model portfolio to RIM representing their investment recommendations, based upon which RIM purchases and sells securities for the Fund. For Fund assets not allocated to money manager strategies, RIM utilizes quantitative and/or rules-based processes and qualitative analysis to assess Fund characteristics and invest in securities and instruments which provide the desired exposures. RIM may use strategies based on indexes. RIM also manages the Fund's cash balances. The Fund usually, but not always, pursues a strategy to be fully invested by exposing all or a portion of its cash to the performance of certain markets by purchasing equity securities and/or derivatives, which typically include index futures contracts. The Fund may invest in derivative instruments and may use derivatives to take both long and short positions. The Fund may invest in securities of non-U.S. issuers by purchasing American Depositary Receipts ( ADRs ) or Global Depositary Receipts ( GDRs ). The Fund may also invest a portion of its assets in securities of companies, known as real estate investment trusts ( REITs ), that own and/or manage properties. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.

Top holdings

As of April 30, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $914.87M 7.68%
APPLE INC $715.21M 6.00%
MICROSOFT CORP $533.04M 4.47%
ALPHABET INC CL C $474.12M 3.98%
AMAZON.COM INC $460.45M 3.87%
BROADCOM INC $302.42M 2.54%
ALPHABET INC CL A $260.57M 2.19%
META PLATFORMS INC CL A $232.72M 1.95%
MICRON TECHNOLOGY INC $202.23M 1.70%
U.S. Cash Management Fund $160.23M 1.35%
View all holdings →

Allocation by sector

As of April 30, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Jan 31, 2026 → Apr 30, 2026
Opened
31
Exited
16
Increased
61
Decreased
63
Unchanged
290

How 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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
U.S. Strategic Equity Fund · RSEAX, RSECX, RSESX, RESRX, RUSTX, RUSPX 70% 0.65%
U.S. Strategic Equity Fund · RIFAX 69% 0.90%
Nationwide S&P 500 Index Fund · GRMAX, GRMCX, GRMIX, GRMSX, GRISX, GRMRX 69% 0.18%
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Advisers

As of October 31, 2025 · N-CEN
FirmRole
J.P. Morgan Investment Management, Inc. Sub-adviser
Russell Investment Management, LLC Adviser
Jacobs Levy Equity Management, Inc. Sub-adviser
Brandywine Global Investment Management, LLC Sub-adviser
WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC Sub-adviser

Footnotes

  1. Expense ratio as of February 27, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
  3. 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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