- ISIN
- US78249R1986
- Issuer
- BlackRock
- Inception Date
- Jun 1, 2015
- Category
- Foreign Large Cap Equities
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Equity
Share Price Chart
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Performance
RTNAX Performance Chart
Russell Investment Tax-Managed International Equity Fund (RTNAX) is up 10.1% since the beginning of the year. RTNAX is currently trading at $16 per share. Investors who bought $1,000 worth of RTNAX shares 5 years ago would now be looking at an investment worth $1,394.
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Returns By Period
Russell Investment Tax-Managed International Equity Fund (RTNAX) has returned 10.08% so far this year and 24.00% over the past 12 months. Over the last ten years, RTNAX has returned 7.52% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Russell Investment Tax-Managed International Equity Fund
- 1D
- 2.59%
- 1M
- 0.70%
- 6M
- 4.42%
- YTD
- 10.08%
- 1Y
- 24.00%
- 3Y*
- 13.76%
- 5Y*
- 6.87%
- 10Y*
- 7.52%
- ALL TIME*
- 7.71%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
RTNAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, RTNAX's average daily return is +0.03%, while the average monthly return is +0.72%. At this rate, an investment would double in approximately 8.1 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +14.8%, while the worst month was Mar 2020 at -16.5%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RTNAX closed higher 50% of trading days. The best single day was Mar 24, 2020 with a return of +6.9%, while the worst single day was Mar 12, 2020 at -10.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.42% | 4.95% | -9.93% | 7.61% | 3.57% | -0.88% | 0.00% | 10.08% | |||||
| 2025 | 4.09% | 1.79% | -0.08% | 2.68% | 4.66% | 3.28% | -0.98% | 3.74% | 3.90% | 0.78% | 0.42% | 2.56% | 30.15% |
| 2024 | -2.15% | 2.38% | 3.31% | -1.99% | 3.63% | -1.88% | 2.96% | 2.45% | 2.72% | -4.90% | -0.25% | -3.09% | 2.73% |
| 2023 | 9.31% | -4.03% | 2.00% | 1.31% | -3.88% | 5.00% | 3.66% | -4.24% | -3.69% | -4.02% | 7.88% | 4.73% | 13.43% |
| 2022 | -1.58% | -3.29% | -1.13% | -6.52% | 2.07% | -9.60% | 3.27% | -4.35% | -10.24% | 4.26% | 14.25% | -2.26% | -16.20% |
| 2021 | -0.52% | 3.78% | 1.86% | 2.66% | 3.32% | -1.49% | -1.75% | 1.94% | -3.25% | 2.38% | -5.29% | 4.19% | 7.56% |
Benchmark Metrics
Russell Investment Tax-Managed International Equity Fund has an annualized alpha of -1.21%, beta of 0.72, and R2 of 0.65 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participated in 89.96% of S&P 500 Index downside but only 71.69% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- -1.21%
- Beta
- 0.72
- R²
- 0.65
- Upside Capture
- 71.69%
- Downside Capture
- 89.96%
Expense Ratio
RTNAX has a high expense ratio of 1.29%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RTNAX ranks 45 for risk / return — above 45% of mutual funds peers on PortfoliosLab. Its historical combined result is near the middle of the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Russell Investment Tax-Managed International Equity Fund (RTNAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RTNAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.25 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.79 | 2.00 | -0.22 |
| Martin ratioReturn relative to average drawdown | 6.55 | 8.49 | -1.95 |
Dividends
Dividend History
Russell Investment Tax-Managed International Equity Fund provided a 1.71% dividend yield over the last twelve months, with an annual payout of $0.27 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.20 | $0.18 | $0.12 | $0.25 | $0.15 | $0.23 | $0.11 | $0.13 | $0.19 |
Dividend yield | 1.71% | 1.88% | 1.77% | 1.60% | 1.17% | 2.08% | 1.35% | 2.09% | 1.22% | 1.14% | 2.14% |
Monthly Dividends
The table displays the monthly dividend distributions for Russell Investment Tax-Managed International Equity Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.27 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $0.20 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.18 | $0.18 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.12 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Russell Investment Tax-Managed International Equity Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Russell Investment Tax-Managed International Equity Fund was 39.58%, occurring on Mar 23, 2020. Recovery took 199 trading sessions.
The current Russell Investment Tax-Managed International Equity Fund drawdown is 1.92%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-39.58%Mar 2020 | 2y 1mo | 9mo 18d | 2y 11moJan 2018 - Jan 2021 | COVID crash2020 |
-31.77%Oct 2022 | 1y 4mo | 1y 11mo | 3y 3moJun 2021 - Sep 2024 | Bear market2022 |
-14.03%Apr 2025 | 19d | 27d | 1mo 16dMar 2025 - May 2025 | 2025 selloff2025 |
-12.18%Mar 2026 | 1mo 1d | 2mo | 3mo 1dFeb 2026 - May 2026 | — |
-10.58%Feb 2016 | 1mo 7d | 29d | 2mo 6dJan 2016 - Mar 2016 | — |
Drawdown Indicators
| RTNAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.58% | -56.78% | +17.20% |
Max Drawdown (1Y)Largest decline over 1 year | -12.18% | -9.10% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.03% | -18.90% | +4.87% |
Max Drawdown (5Y)Largest decline over 5 years | -30.86% | -25.43% | -5.43% |
Max Drawdown (10Y)Largest decline over 10 years | -39.58% | -33.92% | -5.66% |
Current DrawdownCurrent decline from peak | -1.92% | -1.58% | -0.34% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -10.70% | +1.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 2.14% | +1.18% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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