SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2017-09-27 | Period of Report: 2017-07-31 SEC Accession No. 0000351601-17-000025 (HTML Version on secdatabase.com) FILER RUSSELL INVESTMENT CO Mailing Address Business Address 1301 SECOND AVENUE 1301 SECOND AVENUE CIK:351601| IRS No.: 911151059 | State of Incorp.:MA | Fiscal Year End: 1031 18TH FLOOR 18TH FLOOR Type: N-Q | Act: 40 | File No.: 811-03153 | Film No.: 171103631 SEATTLE WA 98101 SEATTLE WA 98101 800-787-7354 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document OMB APPROVAL OMB Number: 3235-0578 Expires: March 31, 2019 Estimated average burden 10.5 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-03153 Russell Investment Company (Exact name of registrant as specified in charter) 1301 2nd Avenue 18th Floor, Seattle Washington 98101 (Address of principal executive offices) (Zip code) Mary Beth R. Albaneze, Secretary and Chief Legal Officer 1301 2nd Avenue th 18 Floor Seattle, Washington 98101 206-505-4846 _____________________________________________________________ (Name and address of agent for service) Registrant's telephone number, including area code: 800-787-7354 Date of fiscal year end: October 31 Date of reporting period: November 1, 2016 – July 31, 2017 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Item 1. Schedule of Investments Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Investment Company Russell Investment Company is a series investment company with 42 different investment portfolios referred to as Funds. This Quarterly Report reports on 28 of these Funds. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Investment Company Russell Funds Quarterly Report July 31, 2017 (Unaudited) Table of Contents Page U. S. Core Equity Fund 3 U. S. Defensive Equity Fund 8 U. S. Dynamic Equity Fund 16 U. S. Strategic Equity Fund 23 U. S. Large Cap Equity Fund 30 U. S. Mid Cap Equity Fund 35 U. S. Small Cap Equity Fund 40 International Developed Markets Fund 52 Global Equity Fund 67 Emerging Markets Fund 80 Tax-Managed U. S. Large Cap Fund 96 Tax-Managed U. S. Mid & Small Cap Fund 100 Tax-Managed International Equity Fund 107 Global Opportunistic Credit Fund 121 Unconstrained Total Return Fund 154 Strategic Bond Fund 175 Investment Grade Bond Fund 207 Short Duration Bond Fund 229 Tax-Exempt High Yield Bond Fund 246 Tax-Exempt Bond Fund 262 Commodity Strategies Fund 282 Global Infrastructure Fund 288 Global Real Estate Securities Fund 296 Multi-Strategy Income Fund 305 Multi-Asset Growth Strategy Fund 335 Strategic Call Overwriting Fund 365 Select U. S. Equity Fund 371 Select International Equity Fund 378 Notes to Schedules of Investments 394 Notes to Quarterly Report 396 Shareholder Requests for Additional Information 418 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Investment Company - Russell Funds. Copyright © Russell Investments 2017. All rights reserved. Russell Investments’ ownership is composed of a majority stake held by funds managed by TA Associates with minority stakes held by funds managed by Reverence Capital Partners and Russell Investments’ management. Fund objectives, risks, charges and expenses should be carefully considered before in- vesting. A prospectus containing this and other important information must precede or accompany this material. Please read the prospectus carefully before investing. Securities distributed through Russell Investments Financial Services, LLC, member FINRA, part of Russell Investments. Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Investment Company U.S. Core Equity Fund Schedule of Investments — July 31, 2017 (Unaudited) Amounts in thousands (except share amounts) Amounts in thousands (except share amounts) Principal Fair Principal Fair Amount ($) or Value Amount ($) or Value Shares $ Shares $ Common Stocks - 97.8% Walt Disney Co. (The) 43,794 4,815 Consumer Discretionary - 13.0% Whirlpool Corp. 8,600 1,530 Aaron's, Inc. Class A 5,400 250 Yum China Holdings, Inc. (Æ) 2,344 84 Advance Auto Parts, Inc. 7,241 811 Yum! Brands, Inc. 2,344 177 Amazon. com, Inc. (Æ) 8,707 8,601 87,777 AutoZone, Inc. (Æ) 1,746 943 Bed Bath & Beyond, Inc. 17,100 511 Consumer Staples - 5.3% Carnival Corp. 10,198 681 Altria Group, Inc. 57,871 3,759 CBS Corp. Class B 21,823 1,437 Archer-Daniels-Midland Co. 27,131 1,145 Chipotle Mexican Grill, Inc. Class A(Æ) 8,165 2,807 Brown-Forman Corp. Class B - ADR 7,000 346 Coach, Inc. 49,406 2,329 Bunge, Ltd. 6,900 541 Comcast Corp. Class A 16,792 679 Coca-Cola Co. (The) 24,287 1,113 Cooper-Standard Holdings, Inc. (Æ) 4,850 496 CVS Health Corp. 17,354 1,387 Costco Wholesale Corp. 13,642 2,162 Dr Pepper Snapple Group, Inc. 13,000 1,185 Darden Restaurants, Inc. 6,500 545 Energizer Holdings, Inc. (Æ) 1,000 72 Dollar Tree, Inc. (Æ) 3,191 230 General Mills, Inc. 5,721 318 Domino's Pizza, Inc. 3,450 643 Kellogg Co. 2,986 203 DR Horton, Inc. 86,906 3,102 Kimberly-Clark Corp. 11,577 1,426 Ford Motor Co. 58,800 660 Kraft Heinz Co. (The) 27,501 2,406 General Motors Co. 78,275 2,816 Kroger Co. (The) 3,100 76 Genuine Parts Co. 6,500 552 Molson Coors Brewing Co. Class B 10,121 901 Goodyear Tire & Rubber Co. (The) 18,806 593 Mondelez International, Inc. Class A 86,447 3,805 Hanesbrands, Inc. 27,674 634 PepsiCo, Inc. 36,728 4,283 Home Depot, Inc. (The) 5,522 826 Philip Morris International, Inc. 77,143 9,003 International Game Technology PLC 6,900 131 Pinnacle Foods, Inc. 5,000 297 John Wiley & Sons, Inc. Class A 3,900 215 Procter & Gamble Co. (The) 12,813 1,164 Kohl's Corp. 5,663 234 Sysco Corp. 4,104 216 Lennar Corp. Class A 3,177 167 Tyson Foods, Inc. Class A 22,400 1,419 Lowe's Cos. , Inc. 36,820 2,850 Walgreens Boots Alliance, Inc. 5,525 446 Macy's, Inc. 6,750 160 35,511 Madison Square Garden Co. (The) Class A(Æ) 5,316 1,168 Marriott International, Inc. Class A 2,409 251 Energy - 7.3% McDonald's Corp. 19,850 3,079 Anadarko Petroleum Corp. 26,117 1,192 Michael Kors Holdings, Ltd. (Æ) 1,800 66 BP PLC - ADR 174,642 6,137 Netflix, Inc. (Æ) 6,421 1,166 Canadian Natural Resources, Ltd. 67,409 2,063 Nike, Inc. Class B 114,720 6,775 Chevron Corp. 66,545 7,266 Nordstrom, Inc. 4,346 211 ConocoPhillips 87,018 3,947 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Norwegian Cruise Line Holdings, Ltd. (Æ) 8,099 446 Core Laboratories NV 22,062 2,218 Nutrisystem, Inc. 1,500 84 Devon Energy Corp. 76,973 2,564 NVR, Inc. (Æ) 460 1,201 EOG Resources, Inc. 6,200 590 Omnicom Group, Inc. 13,600 1,071 Exxon Mobil Corp. 106,081 8,490 Priceline Group, Inc. (The)(Æ) 1,568 3,181 Helmerich & Payne, Inc. 22,040 1,116 PulteGroup, Inc. 70,960 1,733 Magna International, Inc. Class A 18,449 880 PVH Corp. 20,050 2,392 Marathon Petroleum Corp. 9,600 538 Regal Entertainment Group Class A 32,242 613 National Oilwell Varco, Inc. 14,100 461 Royal Caribbean Cruises, Ltd. 3,900 441 Occidental Petroleum Corp. 44,402 2,750 Scientific Games Corp. Class A(Æ) 3,700 137 Oceaneering International, Inc. 11,761 302 Starbucks Corp. 56,300 3,039 PBF Energy, Inc. Class A 47,100 1,072 Target Corp. 46,090 2,611 Phillips 66 45,725 3,830 Tenneco, Inc. 3,100 171 Pioneer Natural Resources Co. 2,700 440 Thomson Reuters Corp. 3,987 183 Schlumberger, Ltd. 37,865 2,598 Time Warner, Inc. 14,789 1,515 Valero Energy Corp. 10,500 724 TJX Cos. , Inc. 28,961 2,036 World Fuel Services Corp. 5,000 162 Toll Brothers, Inc. 5,325 205 49,340 Toyota Motor Corp. - ADR 4,201 474 Twenty-First Century Fox, Inc. Class A 7,600 221 Financial Services - 19.7% Ulta Salon Cosmetics & Fragrance, Inc. (Æ) 7,595 1,908 Aflac, Inc. 4,371 349 Viacom, Inc. Class B 3,591 125 AGNC Investment Corp. 26,992 572 Visteon Corp. (Æ) 5,200 580 Alliance Data Systems Corp. 10,790 2,605 Wal-Mart Stores, Inc. 100,286 8,023 Allstate Corp. (The) 30,334 2,760 See accompanying notes which are an integral part of this quarterly report. U.S. Core Equity Fund 3 Copyright © 2017 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Investment Company U.S. Core Equity Fund Schedule of Investments, continued — July 31, 2017 (Unaudited) Amounts in thousands (except share amounts) Amounts in thousands (except share amounts) Principal Fair Principal Fair Amount ($) or Value Amount ($) or Value Shares $ Shares $ Ally Financial, Inc. 11,000 249 PayPal Holdings, Inc. (Æ) 4,583 268 American Express Co.