U.S. Strategic Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, U.S. Strategic Equity Fund held 528 positions with $2.99B in net assets. Its ten largest holdings made up 35.5% of the fund. The RSEAX share class costs 1.08% a year. Over the 12 months to May 2026, RSEAX returned 25.1%, with dividends reinvested. In 2026 Q3 it added 67 new positions and exited 72.
The Fund seeks to provide long term capital growth.
The fund employs multiple money managers with different investment styles—growth, value, market-oriented, defensive, and dynamic—to select medium and large capitalization U.S. stocks, with Russell Investment Management overseeing asset allocation and managing portions of the portfolio using quantitative processes and index-based strategies. The fund may use long-short equity strategies, derivatives including index futures, and American Depositary Receipts to gain U.S. economic exposure. Because the fund's discretionary money managers independently select securities and RIM may change allocations among strategies at any time, Fund performance may diverge from any single benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 7.13% | $213.25M | 1.1M | $199.57 |
AAPLApple Inc | 5.56% | $166.10M | 612.1K | $271.35 |
MSFTMicrosoft Corp | 4.15% | $124.07M | 304.3K | $407.78 |
GOOGLAlphabet Inc | 4.08% | $121.82M | 316.6K | $384.80 |
AMZNAmazon.com Inc | 3.75% | $112.04M | 422.7K | $265.06 |
AVGOBroadcom Inc | 3.03% | $90.49M | 216.8K | $417.43 |
Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 2.33% | $69.48M | — | — |
GOOGAlphabet Inc | 2.21% | $66.17M | 173.2K | $381.94 |
2.05% | $61.19M | 100.0K | $611.91 | |
1.26% | $37.77M | 75.1K | $502.92 |
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.
The 200 largest of 528 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 97.50% |
| Cash & short-term | 2.33% |
| Derivatives | 0.19% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 32.4%
- Financials
- 12.0%
- Communication Services
- 10.0%
- Consumer Discretionary
- 9.6%
- 9 other sectors
- 35.9%
- Information Technology
- 32.4%
- Financials
- 12.0%
- Communication Services
- 10.0%
- Consumer Discretionary
- 9.6%
- Health Care
- 8.6%
- Industrials
- 8.1%
- Consumer Staples
- 4.8%
- International
- 3.6%
- Energy
- 3.5%
- Cash
- 2.6%
- Utilities
- 1.9%
- Materials
- 1.6%
- Real Estate
- 1.2%
How it has done
RSEAX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.28%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 5 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.08% | +25.12% | +74.98% | +62.65% | -9.48% | |
| 1.83% | +24.31% | +71.02% | +56.45% | -9.70% | |
| 0.83% | +25.50% | +76.22% | +64.48% | -9.35% | |
| 0.73% | +25.61% | +76.77% | +65.33% | -9.32% | |
| 0.65% | +25.70% | — | — | — |
These classes hold the same portfolio, so the 1.39pp spread over 1 year is the cost difference between them — roughly 1.39pp a year — not a difference in what they own.
Fees & fund details
U.S. Strategic Equity Fund is an actively managed U.S. equity fund. 20% of RSEAX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 94% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.65% – 1.83%· RSEAX 1.08%
- Portfolio turnover
- 61.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
67 new· the largest 8
72 exited· the largest 8
Understand how this fund fits with the rest.
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