SECURITIES AND EXCHANGE COMMISSION FORM N-Q Quarterly schedule of portfolio holdings of registered management investment company filed on Form N-Q Filing Date: 2012-03-30 | Period of Report: 2012-01-31 SEC Accession No. 0001193125-12-143518 (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.: 12729092 SEATTLE WA 98101 SEATTLE WA 98101 800-787-7354 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents OMB APPROVAL OMB Number: 3235-0578 Expires: April 30, 2013 Estimated average burden 5.6 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 Rhoden, Secretary and Chief Legal Officer 1301 2nd Avenue 18th Floor Seattle, Washington 98101 206-505-4846 (Name and address of agent for service) Registrants telephone number, including area code: 206-505-7877 Date of fiscal year end: October 31 Date of reporting period: November 1, 2011 January 31, 2012 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Item 1. Schedule of Investments Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents 2012 QUARTERLY REPORT Russell Funds JANUARY 31, 2012 FUND SHARE CLASS U.S. Equity Funds Russell U.S. Core Equity Fund A, C, E, I, S, Y Russell U.S. Quantitative Equity Fund A, C, E, I, S, Y Russell U.S. Growth Fund C, E, I, S Russell U.S. Value Fund C, E, I, S Russell U.S. Small Cap Equity Fund A, C, E, I, S, Y (formerly, Russell U.S. Small & Mid Cap Fund) International and Global Equity Funds Russell International Developed Markets Fund A, C, E, I, S, Y Russell Global Equity Fund A, C, E, S, Y Russell Emerging Markets Fund A, C, E, S, Y Tax-Managed Equity Funds Russell Tax-Managed U.S. Large Cap Fund A, C, E, S Russell Tax-Managed U.S. Mid & Small Cap Fund A, C, E, S Taxable Fixed Income Funds Russell Global Opportunistic Credit Fund A, C, E, S, Y (formerly, Russell Global Credit Strategies Fund) Russell Strategic Bond Fund A, C, E, I, S, Y Russell Investment Grade Bond Fund A, C, E, I, S, Y Russell Short Duration Bond Fund A, C, E, S, Y Tax Exempt Fixed Income Fund Russell Tax Exempt Bond Fund A, C, E, S Real Asset Funds Russell Commodity Strategies Fund A, C, E, S, Y Russell Global Infrastructure Fund A, C, E, S, Y Russell Global Real Estate Securities Fund A, C, E, S, Y Money Market Funds Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Russell Money Market Fund A, S Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Russell Investment Company Russell Investment Company is a series investment company with 36 different investment portfolios referred to as Funds. This Quarterly Report reports on 19 of these Funds. Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Russell Investment Company Russell Funds Quarterly Report January 31, 2012 (Unaudited) Table of Contents Page Russell U.S. Core Equity Fund 1 Russell U.S. Quantitative Equity Fund 5 Russell U.S. Growth Fund 15 Russell U.S. Value Fund 18 Russell U.S. Small Cap Equity Fund 22 Russell International Developed Markets Fund 31 Russell Global Equity Fund 48 Russell Emerging Markets Fund 58 Russell Tax-Managed U.S. Large Cap Fund 72 Russell Tax-Managed U.S. Mid & Small Cap Fund 76 Russell Global Opportunistic Credit Fund 82 Russell Strategic Bond Fund 95 Russell Investment Grade Bond Fund 143 Russell Short Duration Bond Fund 175 Russell Tax Exempt Bond Fund 199 Russell Commodity Strategies Fund 210 Russell Global Infrastructure Fund 214 Russell Global Real Estate Securities Fund 223 Russell Money Market Fund 232 Notes to Schedules of Investments 234 Notes to Quarterly Report 236 Shareholder Requests for Additional Information 254 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Russell Investment Company - Russell Funds. Copyright © Russell Investments 2012. All rights reserved. Russell Investments is a Washington, USA corporation, which operates through subsidiaries worldwide and is a subsidiary of The Northwestern Mutual Life Insurance Company. Fund objectives, risks, charges and expenses should be carefully considered before investing. 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 Financial Services, Inc., member FINRA and part of Russell Investments. Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Table of Contents Russell Investment Company Russell U.S. Core Equity Fund Schedule of Investments January 31, 2012 (Unaudited) Amounts in thousands (except share amounts) Principal Market Principal Market Amount ($) Value Amount ($) Value or Shares $ or Shares $ Consumer Staples - 6.5% Common Stocks - 92.1% Archer-Daniels-Midland Co. 568,550 16,278 Consumer Discretionary - 16.2% Cia de Bebidas das Americas - ADR 525,600 19,127 Aegean Marine Petroleum Network, Coca-Cola Co. (The) 615,441 41,561 Inc. 304,135 1,548 Colgate-Palmolive Co. 240,441 21,813 Amazon.com, Inc. (Æ) 185,785 36,124 CVS Caremark Corp. 328,400 13,711 Apollo Group, Inc. Class A (Æ)(Ñ) 215,309 11,284 Energizer Holdings, Inc. (Æ) 137,800 10,627 AutoZone, Inc. (Æ) 21,800 7,584 General Mills, Inc. 155,700 6,201 Bed Bath & Beyond, Inc. (Æ)(Ñ) 118,890 7,217 Green Mountain Coffee Roasters, Big Lots, Inc. (Æ) 111,450 4,401 Inc. (Æ)(Ñ) 16,700 891 BorgWarner, Inc. (Æ)(Ñ) 24,100 1,799 Hershey Co. (The) 65,394 3,994 Carnival Corp. (Ñ) 164,535 4,969 Molson Coors Brewing Co. Class B 317,031 13,597 CBS Corp. Class B 240,700 6,855 PepsiCo, Inc. 290,300 19,064 Chipotle Mexican Grill, Inc. Class A Procter & Gamble Co. (The) 730,500 46,051 (Æ) 6,700 2,461 Ralcorp Holdings, Inc. (Æ) 105,060 9,187 Coach, Inc. 55,900 3,916 Safeway, Inc. (Ñ) 333,538 7,331 Comcast Corp. Class A (Æ) 1,182,354 30,371 Sysco Corp. 274,300 8,259 eBay, Inc. (Æ) 1,098,366 34,708 Whole Foods Market, Inc. (Ñ) 150,370 11,132 Estee Lauder Cos., Inc. (The) Class A 102,252 5,924 248,824 Ford Motor Co. (Ñ) 623,776 7,747 General Motors Co. (Æ) 195,300 4,691 Energy - 10.2% Alpha Natural Resources, Inc. (Æ) 103,779 2,088 Hanesbrands, Inc. (Æ) 137,800 3,390 Anadarko Petroleum Corp. 178,800 14,433 Home Depot, Inc. 348,693 15,479 Apache Corp. 127,833 12,640 International Game Technology 315,900 5,032 Arch Coal, Inc. (Ñ) 775,129 11,185 JC Penney Co., Inc. (Ñ) 51,065 2,122 Baker Hughes, Inc. 45,000 2,211 Johnson Controls, Inc. 1,046,011 33,232 BP PLC - ADR 126,460 5,806 KB Home (Ñ) 394,158 3,555 Cabot Oil & Gas Corp. 171,470 5,470 Las Vegas Sands Corp. 495,000 24,309 Chesapeake Energy Corp. 291,135 6,152 Lear Corp. 275,500 11,543 Chevron Corp. 186,016 19,174 Limited Brands, Inc. (Ñ) 254,300 10,645 ConocoPhillips 433,819 29,591 Lowes Cos., Inc. 659,500 17,694 Consol Energy, Inc. 670,205 23,953 Lululemon Athletica, Inc. (Æ) 29,600 1,869 Devon Energy Corp. 232,061 14,808 Macys, Inc. 345,588 11,643 Dresser-Rand Group, Inc. (Æ) 94,400 4,836 Marriott International, Inc. Class A (Ñ) 59,525 2,051 Ensco PLC - ADR 72,120 3,796 McDonalds Corp. 69,300 6,864 EQT Corp. 62,766 3,171 MGM Resorts International (Æ)(Ñ) 78,200 1,021 Exxon Mobil Corp. 515,700 43,185 Michael Kors Holdings, Ltd. (Æ) 24,391 755 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Newell Rubbermaid, Inc. 475,200 8,777 FMC Technologies, Inc. (Æ) 36,200 1,850 Nike, Inc. Class B 66,500 6,915 Forest Oil Corp. (Æ)(Ñ) 456,200 5,931 NVR, Inc. (Æ) 18,322 12,702 Halliburton Co. 291,976 10,739 Orient-Express Hotels, Ltd. Class A Hess Corp. 212,900 11,986 (Æ)(Ñ) 243,425 2,059 Marathon Petroleum Corp. 396,475 15,153 priceline.com, Inc. (Æ) 14,443 7,647 National Oilwell Varco, Inc. 441,890 32,691 Snap-on, Inc. 87,665 4,954 Noble Corp. (Æ) 82,200 2,864 Stanley Black & Decker, Inc. 130,200 9,137 Noble Energy, Inc. 37,400 3,765 Starbucks Corp. 694,272 33,277 Occidental Petroleum Corp. 256,200 25,561 Starwood Hotels & Resorts Worldwide, Peabody Energy Corp. 334,780 11,413 Inc. (ö) 306,100 16,603 Range Resources Corp. 97,900 5,631 Tesla Motors, Inc.