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Name

As of 11/22/2024

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.

Watchlist

Tax-Exempt High Yield Bond Fund

RTHSX | Fund

$10.02

$1.87 B

4.90%

$0.49

0.76%

Vitals

YTD Return

5.6%

1 yr return

10.7%

3 Yr Avg Return

-0.3%

5 Yr Avg Return

1.7%

Net Assets

$1.87 B

Holdings in Top 10

9.3%

52 WEEK LOW AND HIGH

$10.0
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/22/2024

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.

Watchlist

Tax-Exempt High Yield Bond Fund

RTHSX | Fund

$10.02

$1.87 B

4.90%

$0.49

0.76%

RTHSX - Profile

Distributions

  • YTD Total Return 5.6%
  • 3 Yr Annualized Total Return -0.3%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.84%
DIVIDENDS
  • Dividend Yield 4.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Tax-Exempt High Yield Bond Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Jun 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    S
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Albert Jalso

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. Please refer to the “Investment Objective and Investment Strategies” section in the Fund’s Prospectus for further information.
Read More

RTHSX - Performance

Return Ranking - Trailing

Period RTHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -2.0% 12.4% 50.49%
1 Yr 10.7% 1.0% 18.7% 42.65%
3 Yr -0.3%* -8.8% 3.0% 28.86%
5 Yr 1.7%* -5.0% 3.8% 25.38%
10 Yr N/A* -0.4% 155.6% N/A

* Annualized

Return Ranking - Calendar

Period RTHSX Return Category Return Low Category Return High Rank in Category (%)
2023 3.5% -6.2% 7.5% 30.88%
2022 -16.6% -26.9% -3.5% 40.30%
2021 2.7% -1.9% 5.6% 30.81%
2020 0.5% -4.0% 4.2% 52.79%
2019 6.0% -0.7% 9.1% 26.18%

Total Return Ranking - Trailing

Period RTHSX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -2.0% 12.4% 50.49%
1 Yr 10.7% 1.0% 18.7% 42.65%
3 Yr -0.3%* -8.8% 3.0% 28.86%
5 Yr 1.7%* -5.0% 3.8% 25.38%
10 Yr N/A* -0.4% 155.6% N/A

* Annualized

Total Return Ranking - Calendar

Period RTHSX Return Category Return Low Category Return High Rank in Category (%)
2023 8.1% -4.1% 10.9% 28.43%
2022 -13.5% -26.9% 4.3% 40.80%
2021 5.6% -1.9% 10.0% 44.44%
2020 3.1% -2.6% 8.2% 61.42%
2019 10.1% -0.7% 1028633.9% 19.90%

NAV & Total Return History

RTHSX - Holdings

Concentration Analysis

RTHSX Category Low Category High RTHSX % Rank
Net Assets 1.87 B 9.79 K 15.6 B 35.64%
Number of Holdings 2629 1 3325 7.96%
Net Assets in Top 10 187 M -102 M 3.51 B 43.78%
Weighting of Top 10 9.29% 4.6% 98.8% 83.00%

Top 10 Holdings

  1. U.S. Cash Management Fund 2.56%
  2. BUCKEYE OH TOBACCO SETTLEMENT FING AUTH 1.49%
  3. PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0 1.05%
  4. PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED OID 5 0.94%
  5. NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/44 FIXED 5 0.63%
  6. PUERTO RICO CMWLTH AQUEDUCT SWR AUTH REVENUE 0.59%
  7. Nuveen AMT-Free Municipal Credit Income Fund 0.55%
  8. NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE 0.50%
  9. MET WASHINGTON DC ARPTS AUTH DULLES TOLL ROAD REVENUE 0.49%
  10. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.49%

Asset Allocation

Weighting Return Low Return High RTHSX % Rank
Bonds 		96.58% 0.00% 146.69% 75.00%
Cash 		3.49% -0.64% 100.00% 18.41%
Stocks 		0.00% 0.00% 99.62% 57.35%
Preferred Stocks 		0.00% -47.61% 0.00% 40.30%
Convertible Bonds 		0.00% 0.00% 0.00% 35.32%
Other 		-0.07% -5.59% 5.07% 94.53%

Bond Sector Breakdown

Weighting Return Low Return High RTHSX % Rank
Municipal 		97.24% 0.00% 100.00% 66.17%
Cash & Equivalents 		2.56% 0.00% 100.00% 15.92%
Corporate 		0.04% 0.00% 2.83% 47.76%
Securitized 		0.00% 0.00% 22.44% 38.81%
Government 		0.00% 0.00% 0.09% 38.31%
Derivative 		-0.07% -7.53% 2.16% 94.53%

Bond Geographic Breakdown

Weighting Return Low Return High RTHSX % Rank
US 		96.58% 0.00% 139.84% 72.14%
Non US 		0.00% 0.00% 13.35% 39.80%

RTHSX - Expenses

Operational Fees

RTHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.22% 3.44% 66.01%
Management Fee 0.47% 0.00% 1.41% 37.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.02% 0.35% 23.33%

Sales Fees

RTHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.50% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

RTHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A 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.

RTHSX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 2.00% 121.00% 23.81%

RTHSX - Distributions

Dividend Yield Analysis

RTHSX Category Low Category High RTHSX % Rank
Dividend Yield 4.90% 0.00% 5.94% 36.76%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RTHSX Category Low Category High RTHSX % Rank
Net Income Ratio 2.84% 1.11% 5.44% 69.12%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RTHSX - Fund Manager Analysis

Managers

Albert Jalso

Start Date

Tenure

Tenure Rank

Sep 16, 2016

5.71

5.7%

Albert Jalso, Senior Portfolio Manager since March 2012. Albert’s career with Russell Investments includes working in their London office from 2011 to 2016. Albert joined the firm in 2007. Prior to joining Russell, Jalso worked at Bank of New York Mellon from September 2001 to April 2007, in various capacities, including as a credit research manager, a senior risk analyst and a senior financial analyst.

Gerard Fitzpatrick

Start Date

Tenure

Tenure Rank

May 08, 2017

5.07

5.1%

Gerard Fitzpatrick, Chief Investment Officer of Fixed Income since November 2013. Mr. Fitzpatrick was a Portfolio Manager from October 2007 to November 2013. Prior to joining Russell, Mr. Fitzpatrick was the CEO of West End Capital Advisors Ltd from 2004-2007.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 21.43 7.55 2.52

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