RAAUX — Equity Income Fund
Data updated: 2026-09-25
RAAUX — Equity Income Fund. United States Large Cap Value Equity · $155.17M AUM · 0.77% expense ratio. Holdings, fees, performance and SEC filings.
RAAUX Fund Overview
RAAUX — Equity Income Fund is a US mutual fund managed by Russell Investment CO, categorised as United States Large Cap Value 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 Large Cap Value Equity
- Assets under management: $155.17M
- Ticker: RAAUX
- SEC CIK: 0000351601
- SEC series ID: S000001585
- Share class ID: C000178335
RAAUX Investment Objective and Strategy
Equity Income 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 equity securities economically tied to the U.S. The Fund invests principally in common stocks of large and medium capitalization U.S. companies. The Fund defines large and medium capitalization stocks as stocks of those companies represented by the Russell 1000 Index or within the capitalization range of the Russell 1000 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.
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. 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). Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
RAAUX Holdings
Top 10 holdings of Equity Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Amazon.com Inc | 5.39% |
| Apple Inc | 4.30% |
| Microsoft Corp | 3.81% |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | 3.26% |
| JPMorgan Chase & Co | 1.96% |
| Berkshire Hathaway Inc | 1.81% |
| Merck & Co Inc | 1.48% |
| Chevron Corp | 1.28% |
| Medtronic PLC | 1.21% |
| Xcel Energy Inc | 1.19% |
RAAUX Portfolio Allocation
Asset-class allocation of Equity Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 96.5% |
| Cash & Equivalents | 3.3% |
RAAUX Costs and Fees
RAAUX costs about $77 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.77%
- Gross expense ratio: 0.94%
- Portfolio turnover: 25%
- Brokerage commissions: 1.52 bps of average net assets (SEC N-CEN)
RAAUX Cashflows
Over the 12 months to 2026-04, Equity Income Fund had net outflows of $20.29M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$1.30M |
| 2026-03 | −$2.85M |
| 2026-02 | −$1.44M |
| 2026-01 | −$1.66M |
| 2025-12 | $11.32M |
| 2025-11 | −$15.14M |
RAAUX Debt Constituents
No individual debt constituents are reported in Equity Income Fund's latest SEC N-PORT filing.
RAAUX Prospectus and SEC Filings
Official Equity Income 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 Large Cap Value 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.