Investment Grade Bond Fund
Data updated: 2026-09-25
C000004300 — Investment Grade Bond Fund. Long Total / Aggregate Bond · $1.01B AUM · 0.77% expense ratio. Holdings, fees, performance and SEC filings.
C000004300 Fund Overview
Investment Grade Bond Fund is a US mutual fund managed by Russell Investment CO, categorised as Long Total / Aggregate Bond. 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: Long Total / Aggregate Bond
- Assets under management: $1.01B
- SEC CIK: 0000351601
- SEC series ID: S000001587
- Share class ID: C000004300
C000004300 Investment Objective and Strategy
Investment Grade Bond 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 current income and the preservation of capital.
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 investment grade bonds. 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-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 may invest in mortgage related securities, including mortgage-backed securities.
The Fund may also invest in (1) U.S. and non-U.S. corporate debt securities, (2) Yankee Bonds (dollar-denominated obligations issued in the U.S. by non-U.S. banks and corporations), (3) fixed income securities issued or guaranteed by the U.S. government, non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality and (4) asset-backed securities. The Fund will invest principally in securities of investment grade quality at the time of purchase. The Fund may invest in currency futures and options on futures, forward currency contracts, currency swaps and currency options for speculative purposes or to seek to protect a portion of its investments against adverse currency exchange rate changes. The Fund may invest in derivative instruments and may use derivatives to take both long and short positions.
The Funds use of derivatives may cause the Funds investment returns to be impacted by the performance of securities the Fund does not own and result in the Funds total investment exposure exceeding the value of its portfolio. The duration of the Fund's portfolio will typically be within one year of the duration of the Bloomberg Barclays U.S. Aggregate Bond Index, but may vary up to two years from the Index's duration. A portion of the Funds net assets may be illiquid. The Fund may invest in variable and floating rate securities. The Fund may purchase loans and other direct indebtedness. The Fund may invest in non-U.S. debt securities, including developed and emerging market debt securities, some of which may be non-U.S. dollar denominated. The Fund considers the following countries to have developed markets: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom and the United States.
As a general rule, the Fund considers emerging market countries to include every other country. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund usually, but not always, exposes a portion of its cash to changes in interest rates or market/sector returns by purchasing fixed income securities and/or derivatives, which typically include exchange traded fixed income futures contracts, to be announced (TBA) securities and swaps. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
C000004300 Holdings
Top 10 holdings of Investment Grade Bond 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 | 7.93% |
| Government National Mortgage Association | 1.37% |
| United States Treasury | 0.95% |
| United States Treasury | 0.80% |
| United States Treasury | 0.77% |
| BX Trust | 0.73% |
| United States Treasury | 0.69% |
| Apna Park CLO DAC | 0.68% |
| United States Treasury | 0.67% |
| United States Treasury | 0.67% |
C000004300 Portfolio Allocation
Asset-class allocation of Investment Grade Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 61.1% |
| Securitized | 31.8% |
| Cash & Equivalents | 7.9% |
C000004300 Costs and Fees
C000004300 costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.81%
- Portfolio turnover: 82%
- Brokerage commissions: 0.76 bps of average net assets (SEC N-CEN)
C000004300 Cashflows
Over the 12 months to 2026-04, Investment Grade Bond Fund had net inflows of $57.90M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $4.99M |
| 2026-03 | $2.27M |
| 2026-02 | $8.46M |
| 2026-01 | $1.85M |
| 2025-12 | $17.63M |
| 2025-11 | −$34.47M |
C000004300 Debt Constituents
Largest debt holdings of Investment Grade Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury | 0.95% |
| United States Treasury | 0.80% |
| United States Treasury | 0.77% |
| United States Treasury | 0.69% |
| United States Treasury | 0.67% |
| United States Treasury | 0.67% |
| United States Treasury | 0.64% |
| United States Treasury | 0.62% |
| United States Treasury | 0.62% |
| United States Treasury | 0.61% |
C000004300 Prospectus and SEC Filings
Official Investment Grade Bond 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 Long Total / Aggregate Bond 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.