RMGRX — Multi-Asset Growth Strategy Fund
Data updated: 2026-09-25
RMGRX — Multi-Asset Growth Strategy Fund. Global (incl. US) Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
RMGRX Fund Overview
RMGRX — Multi-Asset Growth Strategy Fund is a US mutual fund managed by Russell Investment CO, categorised as Global (incl. US) 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: Global (incl. US) Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $601.14M
- Ticker: RMGRX
- SEC CIK: 0000351601
- SEC series ID: S000055522
- Share class ID: C000174741
RMGRX Investment Objective and Strategy
Multi-Asset Growth 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 long term total return with lower volatility than equity markets.
Principal investment strategy
In an effort to provide equity-like total return over a market cycle while mitigating downside risk and volatility relative to equities, Russell Investment Management, LLC (RIM) allocates the Funds assets across a broad range of instruments, asset classes and strategies. To seek to achieve the Funds objective, RIM dynamically manages the Funds positioning based on RIMs outlook on the business and economic cycle, relative market valuations and market sentiment. By evolving the Funds positioning away from sectors with higher relative valuations and towards those believed to present more attractive opportunities, RIM attempts to reduce the Funds downside risk and enable the Fund to provide long term total return from a diverse range of potential investments. The Funds target strategic asset allocation is approximately 40% to 60% to global equity-related instruments and to global fixed income-related instruments.
However, the Fund is not required to allocate its investments in any set proportion and RIM generally expects to dynamically manage the Funds positioning by a variance of up to 25% from the target allocations. Over a market cycle, it is anticipated that the Fund will exhibit approximately two-thirds of the volatility of equities. The Funds global equity investments span developed and emerging markets and may include real estate and infrastructure companies. The Funds global fixed income investments may include government and corporate debt, U.S., non-U.S. and emerging markets debt, investment grade and high yield debt, and mortgage-backed and asset-backed securities. The Funds fixed income portfolio is expected to include a significant allocation to return-seeking fixed income investments.
The Fund may also invest in commodity-related instruments. 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. RIM provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Fund's asset are managed by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-asset, 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 Funds non-discretionary money managers provide model portfolios to RIM and the Funds cash balances. The Fund may invest in equity securities of issuers of any market capitalization which are economically tied to U.S. and non-U.S. markets, including emerging markets.
These securities may include common stock, preferred stocks, rights, warrants, convertible securities, securities issued in connection with initial public offerings and depositary receipts. The Funds investments in convertible securities may include contingent convertible securities. The Fund may invest in securities of companies, known as real estate investment trusts (REITs) that own and/or manage properties. The Fund may invest in infrastructure companies and master limited partnerships (MLPs). Infrastructure refers to the systems and networks of energy, transportation, communication and other services required for the normal function of society. The Fund may invest in fixed income securities of any credit quality and maturity, including fixed income securities that are rated below investment grade (commonly referred to as high yield or junk bonds).
The Fund may invest in (1) U.S. and non-U.S. corporate fixed income securities, (2) fixed income securities issued or guaranteed by the U.S. government (including Treasury Inflation Protected Securities) and by non-U.S. governments, or by their respective agencies and instrumentalities, (3) emerging markets debt securities, (4) mortgage-backed securities and (5) asset-backed securities. The Fund may also invest in variable and floating rate securities. The Fund may purchase loans and other direct indebtedness, including bank loans (also called leveraged loans). The Fund may invest in currency futures and options on futures, forward currency contracts 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 enter into repurchase agreements and reverse repurchase agreements. The Fund may invest in money market securities and commercial paper, including asset-backed commercial paper, and in bank obligations. The Fund may invest in derivative instruments including futures, forwards, options, swaps, swaptions and credit default swaps, and may use derivatives to take both long and short positions. The Fund may invest in credit linked notes and credit options. The Fund may invest in synthetic foreign fixed income or equity securities, which may be referred to as international warrants, local access products, participation notes or low exercise price warrants. The Fund may invest 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 Fund may invest directly or indirectly through the Subsidiary, in commodity-linked derivative instruments (including futures and options contracts with respect to indexes or individual commodities, options on futures contracts, swap agreements and swaptions) and commodity-linked securities that provide exposure to the performance of the commodities markets. The Funds or the Subsidiarys use of derivatives may cause the Funds or Subsidiarys investment returns to be impacted by the performance of securities 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 engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. A portion of the Funds net assets may be illiquid securities.
Depending upon market conditions, RIM may allocate a significant portion of the Fund's assets to cash in order to seek to achieve the Fund's objective. The Fund may expose all or a portion of its cash to changes in interest rates or market/sector returns by purchasing derivatives. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
RMGRX Holdings
Top 10 holdings of Multi-Asset Growth Strategy 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 | 3.86% |
| Taiwan Semiconductor Manufacturing Co Ltd | 1.38% |
| Apple Inc | 1.28% |
| Microsoft Corp | 1.23% |
| Alphabet Inc | 1.09% |
| Samsung Electronics Co Ltd | 0.97% |
| NVIDIA Corp | 0.95% |
| Amazon.com Inc | 0.83% |
| Stannaway Park CLO | 0.77% |
| Taiwan Semiconductor Manufacturing Co Ltd | 0.73% |
RMGRX Portfolio Allocation
Asset-class allocation of Multi-Asset Growth Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 68.4% |
| Fixed Income | 15.0% |
| Securitized | 9.1% |
| Cash & Equivalents | 3.9% |
| Derivatives | 0.5% |
RMGRX Performance
Total returns for RMGRX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 7.2% |
| 1 year | 14.9% |
| 3 years (annualised) | -21.4% |
| 5 years (annualised) | -35.5% |
RMGRX Risk Information
Risk metrics for RMGRX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.2%
RMGRX Costs and Fees
RMGRX costs about $73 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.73%
- Gross expense ratio: 0.93%
- Portfolio turnover: 101%
- Brokerage commissions: 8.58 bps of average net assets (SEC N-CEN)
RMGRX Cashflows
Over the 12 months to 2026-04, Multi-Asset Growth Strategy Fund had net outflows of $39.27M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-04 | $1.25M |
| 2026-03 | −$4.70M |
| 2026-02 | −$3.89M |
| 2026-01 | −$4.44M |
| 2025-12 | $9.67M |
| 2025-11 | −$9.05M |
RMGRX Debt Constituents
Largest debt holdings of Multi-Asset Growth Strategy Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Sea Ltd. | 0.28% |
| Biomarin Pharmaceutical | 0.27% |
| Dexcom, Inc. | 0.27% |
| Conmed Corp. | 0.27% |
| Teladoc Health, Inc. | 0.27% |
| Shift4 Payments, Inc. | 0.27% |
| Enphase Energy, Inc. | 0.26% |
| Cryoport, Inc. | 0.26% |
| Rexford Industrial Realt | 0.26% |
| Match Group Financeco 3 | 0.26% |
RMGRX Prospectus and SEC Filings
Official Multi-Asset Growth 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 Global (incl. US) 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.