Tax-Managed U.S. Mid & Small Cap Fund
RUSSELL INVESTMENT CO · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Tax-Managed U.S. Mid & Small Cap Fund is an actively managed U.S. equity fund. 23% of RTSSX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 86% 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 common stocks of U.S. medium and small capitalization companies within the Russell 2500 Index range, using a multi-manager approach with both discretionary model portfolios and quantitative processes to select securities. Russell Investment Management oversees multiple unaffiliated money managers pursuing different styles and allocates remaining assets using rules-based and qualitative analysis, typically maintaining full investment through equity securities and derivatives including index futures. The fund prioritizes long-term capital gains treatment but may realize short-term gains when appropriate, and may hold real estate investment trusts as a portion of assets.
| Share class | Gross | Net |
|---|---|---|
| RTSSX | 1.26% | 1.21% |
| RTSCX | 2.26% | 2.21% |
| RTSAX | 1.51% | 1.49% |
| RTOUX | 1.26% | 1.11% |
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Portfolio turnover 55.00% · as of 2026 Q1
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 96.21% |
| Cash & short-term | 3.42% |
| Derivatives | 0.30% |
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
| Industrials | 21.6% |
| Information Technology | 13.5% |
| Financials | 13.4% |
| Health Care | 11.2% |
| 11 smaller | 40.4% |
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 |
|---|---|---|---|---|---|
| +32.86% | +44.07% | +21.68% | 13.58% | -19.02% | |
| +31.57% | +39.76% | +15.71% | 13.57% | -19.38% | |
| +32.52% | -58.79% | -91.65% | 13.58% | -68.91% | |
| +32.98% | +44.44% | +22.25% | 13.55% | -19.00% |
These classes hold the same portfolio, so the 113.90pp spread over 5 years is the cost difference between them — roughly 22.78pp 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 |
|---|---|---|---|---|---|
| — | Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 3.42% | — | $70.90M | — |
| SNDK | Sandisk CorpSNDK | 1.01% | $1,096.51 | $20.84M | 19.0K |
| LITE | Lumentum Holdings IncLITE | 0.83% | $902.32 | $17.11M | 19.0K |
| RYN | Rayonier IncRYN | 0.77% | $21.21 | $15.98M | 753.5K |
| CASY | Casey's General Stores IncCASY | 0.68% | $822.15 | $14.05M | 17.1K |
| FIX | Comfort Systems USA IncFIX | 0.65% | $1,840.25 | $13.39M | 7.3K |
| MOD | Modine Manufacturing CoMOD | 0.62% | $254.63 | $12.84M | 50.4K |
| MPWR | Monolithic Power Systems IncMPWR | 0.62% | $1,614.41 | $12.77M | 7.9K |
| COHR | Coherent CorpCOHR | 0.58% | $319.71 | $12.12M | 37.9K |
| BE | Bloom Energy CorpBE | 0.53% | $283.36 | $10.96M | 38.7K |
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 9.71% of net assets, top 25 16.32%, across 874 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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