Russell Inv Tax-Exempt High Yield Bd E
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-3.6%
1 yr return
-2.6%
3 Yr Avg Return
0.8%
5 Yr Avg Return
1.4%
Net Assets
$991 M
Holdings in Top 10
9.6%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.05%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As ofPrice
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
RTHEX - Profile
Distributions
- YTD Total Return -3.6%
- 3 Yr Annualized Total Return 0.8%
- 5 Yr Annualized Total Return 1.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.68%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRussell Investments Tax-Exempt High Yield Bond Fund
-
Fund Family NameRussell
-
Inception DateJun 01, 2015
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
Fund Description
The Fund has a fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in fixed income investments the income from which is exempt from federal income tax. The Fund invests principally in municipal debt obligations providing federal tax-exempt interest income, but may invest up to 20% of the value of its net assets plus borrowings for investment purposes in municipal debt securities, the income on which is subject to federal income tax, including the alternative minimum tax. The Fund generally intends to invest a substantial portion of its assets in medium- to low-quality municipal debt securities including those that are rated in the lowest rating category by a nationally recognized statistical rating organization (“NRSRO”). The Fund generally expects to invest between 30% and 60% of its assets in municipal debt securities that are rated below investment grade by one or more NRSROs (commonly referred to as “high-yield” or “junk bonds”) or in unrated securities judged to be of comparable quality. The Fund may invest in industrial development bonds.
Russell Investment Management, LLC (“RIM”) provides or oversees the provision of all investment advisory and portfolio management services for the Fund. The Fund is advised by RIM and multiple money managers unaffiliated with RIM pursuant to a multi-manager approach. RIM may change a Fund's asset allocation at any time. The Fund’s money managers select the individual portfolio instruments for the assets assigned to them. RIM manages the Fund’s cash balances.
The Fund invests in derivative instruments and may use derivatives to take both long and short positions. A portion of the Fund’s net assets may be “illiquid” investments. The Fund may invest in commercial paper. The Fund may also invest in puts, stand-by commitments and demand notes (including variable rate demand notes). The Fund may enter into repurchase agreements. The Fund may seek to limit the effect of holding cash reserves on the Fund’s exposures by investing in pre-refunded municipal bonds to provide the Fund with longer duration exposure. Duration is a measure of sensitivity to interest rate changes and not time. RIM may choose to invest in pre-refunded municipal bonds to manage Fund exposures. Please refer to the “Investment Objective and Investment Strategies” section in the Fund’s Prospectus for further information.
RTHEX - Performance
Return Ranking - Trailing
Period | RTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -11.8% | 2.8% | 81.54% |
1 Yr | -2.6% | -12.7% | 5.3% | 44.27% |
3 Yr | 0.8%* | -3.4% | 3.3% | 17.82% |
5 Yr | 1.4%* | -2.2% | 2.5% | 17.36% |
10 Yr | N/A* | -1.4% | 1.7% | N/A |
* Annualized
Return Ranking - Calendar
Period | RTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.3% | -0.7% | 9.1% | 22.75% |
2022 | -0.7% | -5.7% | 9.2% | 23.43% |
2021 | 4.9% | -9.7% | 8.6% | 25.81% |
2020 | -1.9% | -6.7% | -0.8% | 22.82% |
2019 | N/A | -5.6% | 2.9% | N/A |
Total Return Ranking - Trailing
Period | RTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -3.6% | -11.8% | 2.8% | 81.54% |
1 Yr | -2.6% | -12.7% | 5.3% | 44.27% |
3 Yr | 0.8%* | -2.8% | 3.5% | 22.41% |
5 Yr | 1.4%* | -2.2% | 4.4% | 25.00% |
10 Yr | N/A* | -1.4% | 5.1% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | RTHEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 6.3% | -0.7% | 9.1% | 25.93% |
2022 | -0.7% | -4.6% | 9.2% | 30.86% |
2021 | 4.9% | -9.7% | 9.8% | 29.03% |
2020 | -1.9% | -4.8% | 1.1% | 28.19% |
2019 | N/A | -5.6% | 5.3% | N/A |
RTHEX - Holdings
Concentration Analysis
RTHEX | Category Low | Category High | RTHEX % Rank | |
---|---|---|---|---|
Net Assets | 991 M | 583 K | 18.8 B | 51.76% |
Number of Holdings | 1277 | 3 | 3503 | 20.10% |
Net Assets in Top 10 | 77.7 M | 296 K | 2.43 B | 66.83% |
Weighting of Top 10 | 9.56% | 4.8% | 51.7% | 84.69% |
Top 10 Holdings
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.54%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.23%
- PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.22%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.13%
- EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.44% 0.96%
- PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV 5.25% 0.79%
- BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.74%
- UNIV CALIF REGTS MED CTR POOLED REV 0.03% 0.67%
- Interest Rate Swap 0.64%
- GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 4% 0.63%
Asset Allocation
Weighting | Return Low | Return High | RTHEX % Rank | |
---|---|---|---|---|
Bonds | 98.65% | 0.00% | 101.38% | 39.50% |
Cash | 1.36% | -1.38% | 100.00% | 52.76% |
Stocks | 0.00% | 0.00% | 2.29% | 92.50% |
Preferred Stocks | 0.00% | -1.67% | 0.00% | 87.44% |
Other | 0.00% | -1.80% | 2.96% | 86.43% |
Convertible Bonds | 0.00% | 0.00% | 0.00% | 88.94% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RTHEX % Rank | |
---|---|---|---|---|
Municipal | 98.15% | 0.00% | 100.00% | 45.23% |
Cash & Equivalents | 1.35% | 0.00% | 100.00% | 51.26% |
Government | 0.50% | -2.36% | 0.87% | 2.01% |
Derivative | 0.00% | 0.00% | 0.25% | 88.94% |
Securitized | 0.00% | 0.00% | 0.00% | 88.94% |
Corporate | 0.00% | 0.00% | 9.75% | 94.47% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RTHEX % Rank | |
---|---|---|---|---|
US | 91.28% | 0.00% | 100.54% | 59.30% |
Non US | 7.37% | 0.00% | 14.58% | 30.15% |
RTHEX - Expenses
Operational Fees
RTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.05% | 0.18% | 7.04% | 37.88% |
Management Fee | 0.50% | 0.00% | 1.25% | 62.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.05% | 0.01% | 0.35% | 28.33% |
Sales Fees
RTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 4.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
RTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RTHEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.00% | 5.10% | 314.00% | 65.33% |
RTHEX - Distributions
Dividend Yield Analysis
RTHEX | Category Low | Category High | RTHEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 0.62% | 89.00% |
Dividend Distribution Analysis
RTHEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RTHEX | Category Low | Category High | RTHEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.68% | -0.98% | 5.32% | 46.46% |
Capital Gain Distribution Analysis
RTHEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 03, 2019 | $0.051 | |
Mar 05, 2019 | $0.029 | |
Feb 05, 2019 | $0.031 | |
Dec 20, 2018 | $0.038 | |
Dec 05, 2018 | $0.030 | |
Nov 05, 2018 | $0.037 | |
Oct 03, 2018 | $0.028 | |
Sep 06, 2018 | $0.032 | |
Aug 03, 2018 | $0.034 | |
Jul 05, 2018 | $0.030 | |
Jun 05, 2018 | $0.033 | |
May 03, 2018 | $0.034 | |
Apr 04, 2018 | $0.033 | |
Mar 05, 2018 | $0.027 | |
Feb 05, 2018 | $0.033 | |
Dec 21, 2017 | $0.029 | |
Dec 05, 2017 | $0.031 | |
Nov 03, 2017 | $0.033 | |
Oct 04, 2017 | $0.030 | |
Sep 06, 2017 | $0.029 | |
Aug 03, 2017 | $0.035 | |
Jul 06, 2017 | $0.028 | |
Jun 05, 2017 | $0.029 | |
May 03, 2017 | $0.027 | |
Apr 05, 2017 | $0.029 | |
Mar 03, 2017 | $0.029 | |
Dec 20, 2016 | $0.036 | |
Dec 05, 2016 | $0.030 | |
Nov 03, 2016 | $0.032 | |
Oct 05, 2016 | $0.027 | |
Sep 06, 2016 | $0.032 | |
Aug 03, 2016 | $0.029 | |
Jul 06, 2016 | $0.031 | |
Jun 03, 2016 | $0.034 | |
May 04, 2016 | $0.030 | |
Apr 05, 2016 | $0.035 | |
Mar 03, 2016 | $0.031 | |
Feb 03, 2016 | $0.044 | |
Dec 22, 2015 | $0.021 | |
Dec 03, 2015 | $0.031 | |
Nov 04, 2015 | $0.032 | |
Oct 05, 2015 | $0.030 | |
Sep 03, 2015 | $0.032 | |
Aug 05, 2015 | $0.028 | |
Jul 06, 2015 | $0.012 |