International Developed Markets Fund
Data updated: 2026-09-25
C000004303 — International Developed Markets Fund. Developed ex-US Large Cap Blend / Core Equity · $1.42B AUM. Holdings, fees, performance and SEC filings.
C000004303 Fund Overview
International Developed Markets Fund is a US mutual fund managed by Russell Investment CO, categorised as Developed ex-US 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: Developed ex-US Large Cap Blend / Core Equity
- Assets under management: $1.42B
- SEC CIK: 0000351601
- SEC series ID: S000001588
- Share class ID: C000004303
C000004303 Investment Objective and Strategy
International Developed Markets 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 companies that are located in countries (other than the U.S.) with developed markets or that are economically tied to such countries. The Fund invests principally in equity securities, including common stocks and preferred stocks, issued by companies incorporated in developed markets outside the U.S. and in depositary receipts. The Funds securities are denominated principally in foreign currencies and are typically held outside the U.S. The Fund may invest a portion of its assets in equity securities of companies that are economically tied to emerging market countries. 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 invests principally in large and medium capitalization companies, but may also invest in small capitalization companies. The Fund defines large and medium capitalization stocks as stocks of those companies represented by the MSCI World ex USA Index or within the capitalization range of the MSCI World ex USA 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 and defensive) and multi-manager approach.
The Fund employs discretionary and non-discretionary money managers. The Funds discretionary money managers select the individual portfolio instruments for the assets assigned to them. The Funds non-discretionary money managers provide a model portfolio to RIM representing their investment recommendations, based upon which RIM purchases and sells securities for the Fund. RIM manages Fund 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 portion of Fund assets for which the Fund's non-discretionary money managers provide model portfolios and 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 and forward currency contracts. The Fund may use derivatives, including stock options, country index futures and swaps or currency forwards, to (1) manage country and currency exposure as a substitute for holding securities directly or (2) facilitate the implementation of its investment strategy. The Fund may use derivatives to take both long and short positions. The Fund may at times seek to protect a portion of its investments against adverse currency exchange rate changes by purchasing forward currency contracts and may engage in currency transactions for speculative purposes.
Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
C000004303 Holdings
Top 10 holdings of International Developed Markets 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 | 2.70% |
| ASML Holding NV | 1.48% |
| Taiwan Semiconductor Manufacturing Co Ltd | 1.37% |
| Reckitt Benckiser Group PLC | 1.26% |
| Taiwan Semiconductor Manufacturing Co Ltd | 1.21% |
| Shell PLC | 1.20% |
| UBS Group AG | 1.19% |
| Tencent Holdings Ltd | 1.08% |
| Gsk PLC | 1.07% |
| Schneider Electric SE | 0.97% |
C000004303 Portfolio Allocation
Asset-class allocation of International Developed Markets Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 95.1% |
| Cash & Equivalents | 2.7% |
| Derivatives | 0.7% |
C000004303 Costs and Fees
C000004303 costs about $122 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.22%
- Gross expense ratio: 1.26%
- Portfolio turnover: 32%
- Brokerage commissions: 4.59 bps of average net assets (SEC N-CEN)
C000004303 Cashflows
Over the 12 months to 2026-04, International Developed Markets Fund had net inflows of $182.61M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $21.01M |
| 2026-03 | −$803.80K |
| 2026-02 | $70.83M |
| 2026-01 | $31.72M |
| 2025-12 | $186.57M |
| 2025-11 | −$52.21M |
C000004303 Debt Constituents
No individual debt constituents are reported in International Developed Markets Fund's latest SEC N-PORT filing.
C000004303 Prospectus and SEC Filings
Official International Developed Markets 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 Developed ex-US 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.