U.S. Strategic Equity Fund

RUSSELL INVESTMENT CO · 6 share classes

Actively managed U.S. equity fund
One fund, 6 share classes:RSEAXRSECXRSESXRESRXRUSTXRUSPX
$2.99B NAV
528 positions · as of 2026-04-30 · filed 2026-06-22

Fund classification

Classified from what the fund holds · as of 2026 Q2

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

Fund profile

As filed in the prospectus · 2026 Q1

The Fund seeks to provide long term capital growth.

Strategy · summarised

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.

Expenses
0.65% 1.83%across 6 share classes
Share classGrossNet
RSEAX1.18%1.08%
RSECX1.93%1.83%
RSESX0.93%0.83%
RESRX0.78%0.68%
RUSTX0.93%0.73%
RUSPX0.73%0.65%

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 61.00% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

100.01%
of net assets
Stocks97.50%
Cash & short-term2.33%
Derivatives0.19%

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

100%
of net assets
Information Technology31.8%
Financials11.6%
Communication Services10.6%
Consumer Discretionary9.9%
10 smaller36.0%

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

Revenue growth
20%of stock holdings in top-quartile growers
covering 94% of the fund’s equity
Earnings growth
29%of stock holdings in top-quartile growers
covering 86% of the fund’s equity

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

2026Q2 vs 2026Q1: 80 new52 exited

Largest new: JBL, SF, EVR, NTRA, ZTS, GDDY, DKNG, LULU

Largest exited: MTZ, CPNG, LYFT, OWL, DINO, RHI, SCCO, EXE

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+27.10%-51.56%-89.13%12.77%-61.89%
+26.10%+64.10%+50.12%12.82%-9.70%
+27.42%+69.09%+57.90%12.84%-9.35%
+27.61%+69.70%+58.80%12.82%-9.32%
+27.69%12.83%

These classes hold the same portfolio, so the 1.59pp spread over 1 year is the cost difference between them — roughly 1.59pp a year — not a difference in what they own.

Cumulative return· May 2023 – Apr 2026

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
NVIDIA CorpNVDA7.13%$213.25M
Apple IncAAPL5.56%$166.10M
Microsoft CorpMSFT4.15%$124.07M
Alphabet IncGOOGL4.08%$121.82M
Amazon.com IncAMZN3.75%$112.04M
Broadcom IncAVGO3.03%$90.49M
Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund2.33%$69.48M
Alphabet IncGOOG2.21%$66.17M
Meta Platforms IncMETA2.05%$61.19M
Mastercard IncMA1.26%$37.77M
Showing 10 of 528Sign in to see more

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 35.55% of net assets, top 25 44.72%, across 518 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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