Commodity Strategies Fund

Data updated: 2021-03-30

C000085556 — Commodity Strategies Fund. Commodity · $254.72M AUM · 1.39% expense ratio. Holdings, fees, performance and SEC filings.

C000085556 Fund Overview

Commodity Strategies Fund is a US mutual fund managed by Russell Investment CO, categorised as Commodity. 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: Commodity
Assets under management: $254.72M
SEC CIK: 0000351601
SEC series ID: S000028091
Share class ID: C000085556

C000085556 Investment Objective and Strategy

Commodity Strategies 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 total return.

Principal investment strategy

The Fund pursues its investment objective by investing directly, and/or indirectly through a wholly-owned subsidiary, in commodity index-linked instruments, other commodity-linked instruments, derivative instruments (including swap agreements and commodity-linked structured notes, futures and options contracts with respect to indexes or individual commodities and options on futures contracts), cash and fixed income securities that together are intended to provide exposure to the performance of the collateralized commodity futures market. It is designed to generally achieve positive performance relative to that of the Bloomberg Commodity Index Total Return (Bloomberg Index), although there can be no guarantee that this positive performance will be achieved. The Bloomberg Index is a broadly diversified futures index composed of futures contracts on 22 physical commodities.

The Fund gains exposure to the commodities markets by investing up to 25% of its total assets in a wholly-owned subsidiary of the Fund (the Subsidiary) organized as a company under the laws of the Cayman Islands. The Funds or the Subsidiarys use of derivatives may cause the Funds or Subsidiarys investment returns to be impacted by the performance of instruments the Fund or the Subsidiary does not own and result in the Funds or the Subsidiarys total investment exposure exceeding the value of its portfolio. The Fund may use derivatives to take both long and short positions. 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 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 Funds cash balances. The Fund may invest in corporate debt securities, Yankee Bonds (dollar-denominated obligations issued in the U.S. by non-U.S. banks and corporations), U.S. Government securities, variable and floating rate securities, mortgage-backed securities, asset-backed securities and municipal debt obligations. The fixed income portion of the portfolio includes debt securities that are considered to be of investment grade quality at the time of purchase, but the Fund may also invest its assets in debt securities that are rated below investment grade (commonly referred to as high-yield or junk bonds).

The average duration of the fixed income portion of the portfolio (excluding structured notes) is one year or less. The Fund may also invest in bank obligations. The Fund may purchase and sell non-commodity futures contracts, including interest rate, Treasury, Eurodollar, and currency futures, and may enter into spot and forward currency contracts. The Fund may invest up to 35% of its assets in securities of issuers economically tied to non-U.S. countries, including issuers economically tied to emerging market countries. The Fund considers emerging market countries to include every country in the world except 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.

Please refer to the Investment Objective and Investment Strategies section in the Funds Prospectus for further information.

C000085556 Costs and Fees

C000085556 costs about $139 per $10,000 invested per year in fund expenses.

Net expense ratio: 1.39%
Gross expense ratio: 2.32%
Portfolio turnover: 36%
Brokerage commissions: 14.43 bps of average net assets (SEC N-CEN)

C000085556 Cashflows

Over the 12 months to 2021-01, Commodity Strategies Fund had net outflows of $78.17M, from monthly SEC N-PORT filings.

Month	Net flow
2021-01	−$5.37M
2020-12	−$2.59M
2020-11	−$5.06M
2020-10	−$7.06M
2020-09	−$5.73M
2020-08	−$13.09M

C000085556 Debt Constituents

No individual debt constituents are reported in Commodity Strategies Fund's latest SEC N-PORT filing.

C000085556 Prospectus and SEC Filings

Official Commodity Strategies Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Commodity 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.