Tax-Managed U.S. Large Cap Fund
RUSSELL INVESTMENT CO · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Tax-Managed U.S. Large Cap Fund is an actively managed U.S. equity fund. 19% of RETSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
Fund profile
As filed in the prospectus · 2026 Q1
The Fund seeks to provide long term capital growth on an after-tax basis.
The fund invests at least 80% of assets in large-capitalization U.S. stocks, defined as those in the S&P 500 Index or within its market-capitalization range, through a multi-manager approach where Russell Investment Management allocates assets among multiple unaffiliated money managers using growth, value, and market-oriented strategies, supplemented by quantitative and rules-based processes for remaining assets. The fund seeks to minimize tax consequences by holding stocks long enough to qualify for long-term capital gains treatment, though it may realize short-term gains when appropriate. Because the fund's money managers provide non-binding model portfolios that Russell then executes, actual holdings may diverge from any single manager's recommendations.
| Share class | Gross | Net |
|---|---|---|
| RETSX | 0.90% | 0.90% |
| RTLCX | 1.90% | 1.90% |
| RTLAX | 1.15% | 1.15% |
| RTMTX | 0.90% | 0.80% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 31.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 98.55% |
| Cash & short-term | 1.34% |
| Derivatives | 0.07% |
Derivatives are shown at market value, not notional exposure.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Information Technology | 32.3% |
| Financials | 11.7% |
| Communication Services | 10.6% |
| Consumer Discretionary | 10.2% |
| 10 smaller | 35.2% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Portfolio growth profile
How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2
Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.
Latest quarter
What changed since the fund's previous filing
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +26.12% | +64.16% | +62.67% | 12.47% | -8.79% | |
| +24.88% | +59.30% | +54.76% | 12.46% | -9.18% | |
| +25.80% | -53.00% | -88.81% | 12.46% | -62.64% | |
| +26.26% | +64.66% | +63.45% | 12.45% | -8.76% |
These classes hold the same portfolio, so the 152.25pp spread over 5 years is the cost difference between them — roughly 30.45pp a year — not a difference in what they own.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| NVDA | NVIDIA CorpNVDA | 7.68% | $199.57 | $914.87M | 4.6M |
| AAPL | Apple IncAAPL | 6.00% | $271.35 | $715.21M | 2.6M |
| MSFT | Microsoft CorpMSFT | 4.47% | $407.78 | $533.04M | 1.3M |
| GOOG | Alphabet IncGOOG | 3.98% | $381.94 | $474.12M | 1.2M |
| AMZN | Amazon.com IncAMZN | 3.87% | $265.06 | $460.45M | 1.7M |
| AVGO | Broadcom IncAVGO | 2.54% | $417.43 | $302.42M | 724.5K |
| GOOGL | Alphabet IncGOOGL | 2.19% | $384.80 | $260.57M | 677.1K |
| META | Meta Platforms IncMETA | 1.95% | $611.91 | $232.72M | 380.3K |
| MU | Micron Technology IncMU | 1.70% | $517.16 | $202.23M | 391.0K |
| — | Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 1.34% | — | $160.23M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
Top 10 positions are 35.73% of net assets, top 25 47.43%, across 443 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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