Tax-Managed U.S. Large Cap Fund
Data updated: 2026-09-25
C000004235 — Tax-Managed U.S. Large Cap Fund. United States Large Cap Blend / Core Equity · $12.60B AUM. Holdings, fees, performance and SEC filings.
C000004235 Fund Overview
Tax-Managed U.S. Large Cap Fund is a US mutual fund managed by Russell Investment CO, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Russell Investment CO
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $12.60B
- SEC CIK: 0000351601
- SEC series ID: S000001570
- Share class ID: C000004235
C000004235 Investment Objective and Strategy
Tax-Managed U.S. Large Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Russell Investment CO.
Investment objective
The Fund seeks to provide long term capital growth on an after-tax basis.
Principal investment 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 stocks as stocks of those companies represented by the S&P 500 Index or within the capitalization range of the S&P 500 Index as measured at its most recent reconstitution. 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 managed pursuant to a multi-style (e.g., growth, value and market-oriented) and multi-manager approach. The Fund's money managers are unaffiliated with RIM and 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 appropriate 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 also invest in securities of non-U.S. issuers by purchasing American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs). Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
C000004235 Holdings
Top 10 holdings of Tax-Managed U.S. Large Cap Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 7.12% |
| Apple Inc | 6.20% |
| Microsoft Corp | 4.82% |
| Amazon.com Inc | 3.74% |
| Alphabet Inc | 3.55% |
| Alphabet Inc | 2.71% |
| Micron Technology Inc | 2.46% |
| Broadcom Inc | 2.24% |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 2.06% |
| Meta Platforms Inc | 1.68% |
C000004235 Portfolio Allocation
Asset-class allocation of Tax-Managed U.S. Large Cap Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 2.1% |
C000004235 Costs and Fees
C000004235 costs about $117 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.17%
- Gross expense ratio: 1.20%
- Portfolio turnover: 31%
- Brokerage commissions: 1.45 bps of average net assets (SEC N-CEN)
C000004235 Cashflows
Over the 12 months to 2026-04, Tax-Managed U.S. Large Cap Fund had net inflows of $369.18M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $41.48M |
| 2026-03 | $36.44M |
| 2026-02 | $61.47M |
| 2026-01 | $35.04M |
| 2025-12 | $81.96M |
| 2025-11 | $24.76M |
C000004235 Debt Constituents
No individual debt constituents are reported in Tax-Managed U.S. Large Cap Fund's latest SEC N-PORT filing.
C000004235 Prospectus and SEC Filings
Official Tax-Managed U.S. Large Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-02-27
- Prospectus (485BPOS) — filed 2025-02-28
- Prospectus (485BPOS) — filed 2024-02-28
- Portfolio holdings (N-PORT) — filed 2026-09-25
- Portfolio holdings (N-PORT) — filed 2026-06-22
- Portfolio holdings (N-PORT) — filed 2026-03-26
- Annual census (N-CEN) — filed 2026-01-09
- Annual census (N-CEN) — filed 2025-01-10
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.