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Trending ETFs

Name

As of

Price

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.

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Vitals

YTD Return

6.1%

1 yr return

5.2%

3 Yr Avg Return

2.5%

5 Yr Avg Return

0.8%

Net Assets

$783 M

Holdings in Top 10

44.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.80%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 68.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of

Price

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.

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RFAEX - Profile

Distributions

  • YTD Total Return 6.1%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.47%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Russell Investments Investment Grade Bond Fund
  • Fund Family Name
    Russell
  • Inception Date
    May 14, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

The Fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in investment grade 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 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 Fund's cash balances.
The Fund may invest in mortgage related securities, including mortgage-backed securities. The Fund may also invest in (1) U.S. and non-U.S. corporate debt securities, (2) Yankee Bonds (dollar-denominated obligations issued in the U.S. by non-U.S. banks and corporations), (3) fixed income securities issued or guaranteed by the U.S. government, non-U.S. governments, or by any U.S. government or non-U.S. government agency or instrumentality and (4) asset-backed securities. The Fund will invest principally in securities of investment grade quality at the time of purchase. The Fund may invest in currency futures and options on futures, forward currency contracts, currency swaps 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 invest in derivative instruments and may use derivatives to take both long and short positions. The Fund’s use of derivatives may cause the Fund’s investment returns to be impacted by the performance of securities the Fund does not own and result in the Fund’s total investment exposure exceeding the value of its portfolio. The duration of the Fund's portfolio will typically be within one year of the duration of the Bloomberg U.S. Aggregate Bond Index, but may vary up to two years from the Index's duration. A portion of the Fund’s net assets may be “illiquid” investments. The Fund may invest in variable and floating rate securities. The Fund may purchase loans and other direct indebtedness. The Fund may invest in non-U.S. debt securities, including developed and emerging market debt securities, some of which may be non-U.S. dollar denominated. The Fund considers the following countries to have developed markets: 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. As a general rule, the Fund considers emerging market countries to include every other country. The Fund may enter into repurchase agreements. The Fund may invest in commercial paper, including asset-backed commercial paper. The Fund may engage in active and frequent trading of portfolio securities to achieve its principal investment strategies. The Fund may invest in obligations issued or guaranteed by U.S. or foreign banks. The Fund usually, but not always, exposes a portion of its cash to changes in interest rates or market/sector returns by purchasing fixed income securities and/or derivatives, which typically include exchange traded fixed income futures contracts, to be announced TBA) securities and swaps. Please refer to the Investment Objective and Investment Strategies section in the Fund's Prospectus for further information.
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RFAEX - Performance

Return Ranking - Trailing

Period RFAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -31.9% 954.9% 13.58%
1 Yr 5.2% -27.2% 945.1% 12.61%
3 Yr 2.5%* -18.4% 120.9% 14.14%
5 Yr 0.8%* -9.1% 60.6% 43.49%
10 Yr 0.3%* -5.2% 14.4% 45.91%

* Annualized

Return Ranking - Calendar

Period RFAEX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -5.8% 20.3% 30.90%
2022 -3.2% -29.6% 4.6% 68.78%
2021 2.1% -4.4% 15.8% 21.18%
2020 -2.6% -6.1% 15.0% 75.53%
2019 -3.3% -11.6% 2.6% 81.80%

Total Return Ranking - Trailing

Period RFAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.1% -31.9% 954.9% 13.58%
1 Yr 5.2% -27.2% 945.1% 12.32%
3 Yr 2.5%* -18.4% 120.9% 20.64%
5 Yr 0.8%* -9.1% 60.6% 48.77%
10 Yr 0.3%* -5.2% 16.1% 60.91%

* Annualized

Total Return Ranking - Calendar

Period RFAEX Return Category Return Low Category Return High Rank in Category (%)
2023 5.4% -5.8% 20.3% 30.95%
2022 -3.2% -29.6% 4.6% 74.15%
2021 2.1% -4.4% 15.8% 31.22%
2020 -2.6% -6.1% 15.0% 77.52%
2019 -3.3% -9.9% 3.0% 86.30%

RFAEX - Holdings

Concentration Analysis

RFAEX Category Low Category High RFAEX % Rank
Net Assets 783 M 619 K 88.4 B 43.39%
Number of Holdings 766 1 10083 20.86%
Net Assets in Top 10 71 M -170 M 26.9 B 59.73%
Weighting of Top 10 44.85% 2.6% 100.0% 13.31%

Top 10 Holdings

  1. Credit Default Swap 18.04%
  2. Credit Default Swap 17.84%
  3. United States Treasury Notes 0.38% 1.84%
  4. United States Treasury Notes 0.12% 1.26%
  5. United States Treasury Bonds 3.38% 1.24%
  6. United States Treasury Notes 2% 1.02%
  7. United States Treasury Notes 0.38% 0.98%
  8. Federal Home Loan Mortgage Corporation 2.5% 0.92%
  9. Federal Home Loan Mortgage Corporation 2.5% 0.90%
  10. Federal Home Loan Mortgage Corporation 2.25% 0.82%

Asset Allocation

Weighting Return Low Return High RFAEX % Rank
Bonds
85.27% 78.92% 188.18% 94.47%
Cash
14.13% -83.41% 19.68% 3.65%
Convertible Bonds
0.61% 0.00% 9.45% 37.72%
Stocks
0.00% -4.99% 21.62% 54.06%
Preferred Stocks
0.00% -0.17% 10.40% 58.67%
Other
0.00% -9.30% 31.94% 51.47%

Bond Sector Breakdown

Weighting Return Low Return High RFAEX % Rank
Securitized
29.97% 0.00% 97.53% 24.84%
Corporate
26.84% 0.00% 99.00% 39.31%
Government
15.71% -2.21% 99.96% 33.49%
Derivative
15.27% 0.00% 39.43% 0.29%
Cash & Equivalents
12.10% -26.49% 93.17% 8.02%
Municipal
0.11% 0.00% 100.06% 74.53%

Bond Geographic Breakdown

Weighting Return Low Return High RFAEX % Rank
US
91.50% 49.78% 163.25% 48.73%
Non US
-6.23% -12.10% 39.65% 99.95%

RFAEX - Expenses

Operational Fees

RFAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.80% 0.01% 34.57% 45.77%
Management Fee 0.25% 0.00% 1.60% 11.68%
12b-1 Fee N/A 0.00% 1.00% 6.64%
Administrative Fee 0.05% 0.00% 0.50% 21.06%

Sales Fees

RFAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 5.75% N/A
Deferred Load N/A 0.25% 5.50% N/A

Trading Fees

RFAEX 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.

RFAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 496.90% 62.98%

RFAEX - Distributions

Dividend Yield Analysis

RFAEX Category Low Category High RFAEX % Rank
Dividend Yield 0.00% 0.00% 3.89% 51.37%

Dividend Distribution Analysis

RFAEX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

RFAEX Category Low Category High RFAEX % Rank
Net Income Ratio 2.47% -0.81% 5.05% 49.08%

Capital Gain Distribution Analysis

RFAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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RFAEX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.3 6.93 0.17