U.S. Small Cap Equity Fund
Data updated: 2026-09-25
C000004297 — U.S. Small Cap Equity Fund. United States Small Cap Blend / Core Equity · $975.36M AUM. Holdings, fees, performance and SEC filings.
C000004297 Fund Overview
U.S. Small Cap Equity Fund is a US mutual fund managed by Russell Investment CO, categorised as United States Small 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 Small Cap Blend / Core Equity
- Assets under management: $975.36M
- SEC CIK: 0000351601
- SEC series ID: S000001586
- Share class ID: C000004297
C000004297 Investment Objective and Strategy
U.S. Small Cap Equity 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.
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 small capitalization equity securities economically tied to the U.S. The Fund invests principally in common stocks of small capitalization U.S. companies, some of which are also considered micro capitalization U.S. companies. The Fund defines small capitalization stocks as stocks of those companies represented by the Russell 2000 Index or within the capitalization range of the Russell 2000 Index as measured at its most recent reconstitution. Russell Investment Management, LLC (RIM) provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Funds assets are managed by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-style (e.g., growth, value, market-oriented, defensive and/or dynamic) and multi-manager approach.
RIM manages assets not allocated to money manager strategies and 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).
The Fund may invest a portion of its assets in securities of companies, known as real estate investment trusts (REITs), that own and/or manage properties. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
C000004297 Holdings
Top 10 holdings of U.S. Small Cap Equity Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 4.78% |
| Ligand Pharmaceuticals Inc | 0.91% |
| Werner Enterprises Inc | 0.70% |
| Select Water Solutions Inc | 0.66% |
| Crane NXT Co | 0.64% |
| Stepan Co | 0.58% |
| Argan Inc | 0.56% |
| MillerKnoll Inc | 0.55% |
| Newell Brands Inc | 0.51% |
| PDF Solutions Inc | 0.51% |
C000004297 Portfolio Allocation
Asset-class allocation of U.S. Small Cap Equity Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.8% |
| Cash & Equivalents | 4.8% |
C000004297 Costs and Fees
C000004297 costs about $141 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.41%
- Gross expense ratio: 1.41%
- Portfolio turnover: 85%
- Brokerage commissions: 10.89 bps of average net assets (SEC N-CEN)
C000004297 Cashflows
Over the 12 months to 2026-04, U.S. Small Cap Equity Fund had net inflows of $162.02M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$21.63M |
| 2026-03 | $68.69M |
| 2026-02 | $742.68K |
| 2026-01 | $4.97M |
| 2025-12 | $256.42M |
| 2025-11 | −$64.69M |
C000004297 Debt Constituents
No individual debt constituents are reported in U.S. Small Cap Equity Fund's latest SEC N-PORT filing.
C000004297 Prospectus and SEC Filings
Official U.S. Small Cap Equity 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 Small 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.