RCNUX — Conservative Strategy Fund
Data updated: 2026-09-25
RCNUX — Conservative Strategy Fund. United States Multi-Cap / All-Cap Blend / Core Equity · $52.79M AUM. Holdings, fees, performance and SEC filings.
RCNUX Fund Overview
RCNUX — Conservative Strategy Fund is a US mutual fund managed by Russell Investment CO, categorised as United States Multi-Cap / All-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: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $52.79M
- Ticker: RCNUX
- SEC CIK: 0000351601
- SEC series ID: S000001578
- Share class ID: C000178320
RCNUX Investment Objective and Strategy
Conservative Strategy 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 capital preservation,
Principal investment strategy
The Fund is a fund of funds, which seeks to achieve its objective by investing principally in a combination of several other Russell Investment Company (RIC) funds (the Underlying Funds). Russell Investment Management, LLC (RIM), the Funds investment adviser, intends the Funds strategy of investing in a combination of Underlying Funds to result in investment diversification that an investor could otherwise achieve only by holding numerous individual investments. You may invest directly in the Underlying Funds in which the Fund invests. The Funds approximate target strategic allocation as of March 1, 2018 is 8% to equity, 63% to fixed income, 23% to multi-asset and 6% to alternative asset classes. As a result of its investments in the Underlying Funds, the Fund indirectly invests principally in U.S.
and non-U.S. equity and fixed income securities and derivatives. Alternative Underlying Funds pursue investment strategies that differ from those of traditional broad market equity or fixed income funds. The Multifactor U.S. Equity and Multifactor International Equity Underlying Funds are managed directly by RIM, the Fund's investment adviser. For all other Underlying Funds, RIM employs a multi-manager approach whereby most assets of the Underlying Funds are allocated to the strategies of different unaffiliated money managers. RIM considers this Fund to be a conservative fund due to its investment objective and asset allocation to fixed income Underlying Funds. In addition to investing in the Underlying Funds, RIM may seek to actively manage the Funds overall exposures (such as asset class, currency, capitalization size, industry, sector, region, credit exposure, country risk, yield curve positioning or interest rates) by investing in derivatives, including futures, options, forwards and swaps, that RIM believes will achieve the desired exposures for the Fund.
The Fund may hold cash in connection with these investments. The Fund usually, but not always, pursues a strategy of being fully invested by exposing its cash to the performance of segments of the global equity market by purchasing index futures contracts (also known as equitization). RIM may modify the target allocation for any Fund, including changes to the Underlying Funds in which a Fund invests, from time to time. RIMs allocation decisions are generally based on RIMs outlook on the business and economic cycle, relative market valuations and market sentiment. A Funds actual allocation may vary from the target strategic asset allocation at any point in time (1) due to market movements, (2) by up to +/- 5% at the equity, fixed income, multi-asset or alternative category level based on RIMs capital markets research, and/or (3) due to the implementation over a period of time of a change to the target strategic asset allocation including the addition of a new Underlying Fund.
There may be no changes in the asset allocation or to the Underlying Funds in a given year or such changes may be made one or more times in a year. The Funds target strategic asset allocation, range of variance from the target strategic asset allocation and the Underlying Funds in which the Fund may invest may be changed from time to time without shareholder notice or approval. Please refer to the Investment Objective and Investment Strategies section in the Funds Prospectus for further information.
RCNUX Holdings
Top 10 holdings of Conservative Strategy Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Strategic Bond Fund | 32.94% |
| Investment Grade Bond Fund | 16.97% |
| Opportunistic Credit Fund | 10.02% |
| Multifactor U.S. Equity Fund | 8.58% |
| Short Duration Bond Fund | 8.51% |
| Multi-Strategy Income Fund | 8.02% |
| Long Duration Bond Fund | 6.96% |
| Emerging Markets Fund | 2.01% |
| Multifactor International Equity Fund | 2.00% |
| U.S. Small Cap Equity Fund | 1.99% |
RCNUX Portfolio Allocation
Asset-class allocation of Conservative Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 100.0% |
RCNUX Performance
Total returns for RCNUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 2.0% |
| 1 year | 6.5% |
| 3 years (annualised) | -25.7% |
| 5 years (annualised) | -38.4% |
RCNUX Risk Information
Risk metrics for RCNUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 4.7%
RCNUX Costs and Fees
RCNUX costs about $74 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.74%
- Gross expense ratio: 1.17%
- Portfolio turnover: 22%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
RCNUX Cashflows
Over the 12 months to 2026-04, Conservative Strategy Fund had net outflows of $10.81M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | −$782.66K |
| 2026-03 | −$1.24M |
| 2026-02 | −$1.15M |
| 2026-01 | −$709.61K |
| 2025-12 | $109.21K |
| 2025-11 | −$1.23M |
RCNUX Debt Constituents
No individual debt constituents are reported in Conservative Strategy Fund's latest SEC N-PORT filing.
RCNUX Prospectus and SEC Filings
Official Conservative Strategy 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 Multi-Cap / All-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.