Global Opportunistic Credit Fund
Data updated: 2026-09-25
C000089842 — Global Opportunistic Credit Fund. Intermediate Total / Aggregate Bond · $847.19M AUM. Holdings, fees, performance and SEC filings.
C000089842 Fund Overview
Global Opportunistic Credit Fund is a US mutual fund managed by Russell Investment CO, categorised as Intermediate 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: Intermediate Total / Aggregate Bond
- Assets under management: $847.19M
- SEC CIK: 0000351601
- SEC series ID: S000029199
- Share class ID: C000089842
C000089842 Investment Objective and Strategy
Global Opportunistic Credit 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 total return.
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 bonds. The Fund invests in various tactical global bond opportunities including high yield debt securities, emerging markets debt securities (including Brady Bonds), U.S. and non-U.S. corporate debt securities, Yankee Bonds (dollar denominated obligations issued in the U.S. by non-U.S. banks and corporations), fixed income securities issued or guaranteed by the U.S. government (including Treasury Inflation Protected Securities and zero coupon securities) or by non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality (including emerging markets sovereign debt) and investment grade securities.
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 debt securities that are rated below investment grade (commonly referred to as high yield or junk bonds). The Fund may invest without limitation in securities denominated in foreign currencies, in U.S.
dollar-denominated securities of foreign issuers and in developed and emerging markets debt securities. 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 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 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 total return swaps, index credit default swaps and to be announced (TBA) securities. The Fund may also purchase loans and other direct indebtedness, including bank loans (also called leveraged loans). The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper.
The Fund may invest in convertible securities, including contingent convertible securities. A portion of the Funds net assets may be illiquid securities. The Fund may invest in variable and floating rate securities. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
C000089842 Holdings
Top 10 holdings of Global Opportunistic Credit 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 | 7.79% |
| Petroleos Mexicanos | 0.52% |
| Romania Government International Bonds | 0.42% |
| Egypt Government International Bonds | 0.40% |
| Cascade Funding Mortgage Trust | 0.40% |
| Gaci First Investment | 0.39% |
| Electricite De France SA | 0.38% |
| Republic Of Ecuador | 0.36% |
| Mazoon Assets Co. Saoc | 0.36% |
| Real Alloy Holding Inc | 0.34% |
C000089842 Portfolio Allocation
Asset-class allocation of Global Opportunistic Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 71.3% |
| Securitized | 18.3% |
| Cash & Equivalents | 7.8% |
| Equity | 0.7% |
C000089842 Costs and Fees
C000089842 costs about $119 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.19%
- Gross expense ratio: 1.63%
- Portfolio turnover: 75%
- Brokerage commissions: 0.65 bps of average net assets (SEC N-CEN)
C000089842 Cashflows
Over the 12 months to 2026-04, Global Opportunistic Credit Fund had net inflows of $475.52M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $13.49M |
| 2026-03 | −$11.48M |
| 2026-02 | $11.40M |
| 2026-01 | $211.01M |
| 2025-12 | $243.62M |
| 2025-11 | $12.12M |
C000089842 Debt Constituents
Largest debt holdings of Global Opportunistic Credit Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Petroleos Mexicanos | 0.52% |
| Romania Government International Bonds | 0.42% |
| Egypt Government International Bonds | 0.40% |
| Gaci First Investment | 0.39% |
| Electricite De France SA | 0.38% |
| Republic Of Ecuador | 0.36% |
| Mazoon Assets Co. Saoc | 0.36% |
| Codelco, Inc. | 0.34% |
| First Quantum Minerals L | 0.33% |
| Bahrain Government International Bonds | 0.33% |
C000089842 Prospectus and SEC Filings
Official Global Opportunistic Credit 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 Intermediate 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.