Russell Inv Tax-Exempt Bond 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
-0.6%
1 yr return
-0.6%
3 Yr Avg Return
0.6%
5 Yr Avg Return
0.5%
Net Assets
$3.1 B
Holdings in Top 10
7.7%
52 WEEK LOW AND HIGH
N/A
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.83%
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
RTBEX - Profile
Distributions
- YTD Total Return -0.6%
- 3 Yr Annualized Total Return 0.6%
- 5 Yr Annualized Total Return 0.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 2.66%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRussell Investments Tax-Exempt Bond Fund
-
Fund Family NameRussell
-
Inception DateMay 14, 1999
-
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 investments the income from which is exempt from federal income tax. The Fund invests principally in investment-grade municipal debt obligations providing federal tax-exempt interest income. The Fund 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.
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. The Fund may also invest in puts, stand-by commitments and demand notes (including variable rate demand notes). The Fund may invest in fixed income securities issued or guaranteed by the U.S. government (including zero coupon securities). The Fund may invest in municipal debt securities that are rated below investment grade (commonly referred to as “high-yield” or “junk bonds”). A portion of the Fund’s net assets may be “illiquid” investments. The Fund may invest in commercial paper. 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. 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.
RTBEX - Performance
Return Ranking - Trailing
Period | RTBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -31.9% | 954.9% | 93.19% |
1 Yr | -0.6% | -27.2% | 945.1% | 90.63% |
3 Yr | 0.6%* | -18.4% | 120.9% | 66.68% |
5 Yr | 0.5%* | -9.1% | 60.6% | 58.65% |
10 Yr | 0.5%* | -5.2% | 14.4% | 32.36% |
* Annualized
Return Ranking - Calendar
Period | RTBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -5.8% | 20.3% | 51.42% |
2022 | -1.4% | -29.6% | 4.6% | 23.24% |
2021 | 2.2% | -4.4% | 15.8% | 18.80% |
2020 | -2.4% | -6.1% | 15.0% | 68.74% |
2019 | 0.0% | -11.6% | 2.6% | 14.89% |
Total Return Ranking - Trailing
Period | RTBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -0.6% | -31.9% | 954.9% | 93.19% |
1 Yr | -0.6% | -27.2% | 945.1% | 90.63% |
3 Yr | 0.6%* | -18.4% | 120.9% | 69.72% |
5 Yr | 0.5%* | -9.1% | 60.6% | 63.81% |
10 Yr | 0.5%* | -5.2% | 16.1% | 50.36% |
* Annualized
Total Return Ranking - Calendar
Period | RTBEX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.1% | -5.8% | 20.3% | 52.02% |
2022 | -1.4% | -29.6% | 4.6% | 30.21% |
2021 | 2.2% | -4.4% | 15.8% | 28.61% |
2020 | -2.4% | -6.1% | 15.0% | 70.98% |
2019 | 0.0% | -9.9% | 3.0% | 22.04% |
RTBEX - Holdings
Concentration Analysis
RTBEX | Category Low | Category High | RTBEX % Rank | |
---|---|---|---|---|
Net Assets | 3.1 B | 619 K | 88.4 B | 19.32% |
Number of Holdings | 1902 | 1 | 10083 | 5.62% |
Net Assets in Top 10 | 232 M | -170 M | 26.9 B | 33.54% |
Weighting of Top 10 | 7.67% | 2.6% | 100.0% | 93.59% |
Top 10 Holdings
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 1.13% 1.41%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.01%
- MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 0.96%
- EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 1.13% 0.84%
- SALES TAX SECURITIZATION CORP ILL 5.5% 0.76%
- BUTLER CNTY PA GEN AUTH REV 2.11% 0.58%
- CHICAGO ILL BRD ED 5% 0.58%
- DETROIT MICH SEW DISP REV 5% 0.52%
- CUYAHOGA CNTY OHIO CTFS PARTN 5% 0.51%
- NEW JERSEY ST 4% 0.50%
Asset Allocation
Weighting | Return Low | Return High | RTBEX % Rank | |
---|---|---|---|---|
Bonds | 98.16% | 78.92% | 188.18% | 34.55% |
Cash | 1.84% | -83.41% | 19.68% | 57.14% |
Stocks | 0.00% | -4.99% | 21.62% | 70.69% |
Preferred Stocks | 0.00% | -0.17% | 10.40% | 73.91% |
Other | 0.00% | -9.30% | 31.94% | 67.61% |
Convertible Bonds | 0.00% | 0.00% | 9.45% | 83.76% |
Bond Sector Breakdown
Weighting | Return Low | Return High | RTBEX % Rank | |
---|---|---|---|---|
Municipal | 98.16% | 0.00% | 100.06% | 20.09% |
Cash & Equivalents | 1.84% | -26.49% | 93.17% | 64.58% |
Derivative | 0.00% | 0.00% | 39.43% | 72.56% |
Securitized | 0.00% | 0.00% | 97.53% | 85.10% |
Corporate | 0.00% | 0.00% | 99.00% | 88.76% |
Government | 0.00% | -2.21% | 99.96% | 87.22% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | RTBEX % Rank | |
---|---|---|---|---|
US | 93.74% | 49.78% | 163.25% | 40.65% |
Non US | 4.42% | -12.10% | 39.65% | 49.50% |
RTBEX - Expenses
Operational Fees
RTBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.83% | 0.01% | 34.57% | 42.75% |
Management Fee | 0.30% | 0.00% | 1.60% | 23.79% |
12b-1 Fee | N/A | 0.00% | 1.00% | 10.33% |
Administrative Fee | 0.05% | 0.00% | 0.50% | 25.24% |
Sales Fees
RTBEX 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
RTBEX 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.
RTBEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.00% | 0.00% | 496.90% | 42.34% |
RTBEX - Distributions
Dividend Yield Analysis
RTBEX | Category Low | Category High | RTBEX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.89% | 69.44% |
Dividend Distribution Analysis
RTBEX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
RTBEX | Category Low | Category High | RTBEX % Rank | |
---|---|---|---|---|
Net Income Ratio | 2.66% | -0.81% | 5.05% | 36.49% |
Capital Gain Distribution Analysis
RTBEX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 03, 2019 | $0.054 | |
Mar 05, 2019 | $0.047 | |
Feb 05, 2019 | $0.048 | |
Dec 20, 2018 | $0.059 | |
Dec 05, 2018 | $0.048 | |
Nov 05, 2018 | $0.058 | |
Oct 03, 2018 | $0.042 | |
Sep 06, 2018 | $0.049 | |
Aug 03, 2018 | $0.053 | |
Jul 05, 2018 | $0.045 | |
Jun 05, 2018 | $0.051 | |
May 03, 2018 | $0.052 | |
Apr 04, 2018 | $0.052 | |
Mar 05, 2018 | $0.041 | |
Feb 05, 2018 | $0.048 | |
Dec 21, 2017 | $0.049 | |
Dec 05, 2017 | $0.047 | |
Nov 03, 2017 | $0.050 | |
Oct 04, 2017 | $0.044 | |
Sep 06, 2017 | $0.041 | |
Aug 03, 2017 | $0.052 | |
Jul 06, 2017 | $0.042 | |
Jun 05, 2017 | $0.048 | |
May 03, 2017 | $0.040 | |
Apr 05, 2017 | $0.051 | |
Mar 03, 2017 | $0.044 | |
Dec 20, 2016 | $0.054 | |
Dec 05, 2016 | $0.045 | |
Nov 03, 2016 | $0.046 | |
Oct 05, 2016 | $0.042 | |
Sep 06, 2016 | $0.047 | |
Aug 03, 2016 | $0.045 | |
Jul 06, 2016 | $0.045 | |
Jun 03, 2016 | $0.052 | |
May 04, 2016 | $0.044 | |
Apr 05, 2016 | $0.054 | |
Mar 03, 2016 | $0.046 | |
Feb 03, 2016 | $0.017 | |
Dec 22, 2015 | $0.079 | |
Dec 03, 2015 | $0.047 | |
Nov 04, 2015 | $0.050 | |
Oct 05, 2015 | $0.046 | |
Sep 03, 2015 | $0.049 | |
Aug 05, 2015 | $0.048 | |
Jul 06, 2015 | $0.048 | |
Jun 03, 2015 | $0.047 | |
May 05, 2015 | $0.042 | |
Apr 06, 2015 | $0.053 | |
Mar 04, 2015 | $0.044 | |
Feb 04, 2015 | $0.037 | |
Dec 23, 2014 | $0.048 | |
Dec 03, 2014 | $0.039 | |
Nov 05, 2014 | $0.044 | |
Oct 03, 2014 | $0.043 | |
Sep 04, 2014 | $0.040 | |
Aug 05, 2014 | $0.042 | |
Jul 03, 2014 | $0.042 | |
Jun 04, 2014 | $0.041 | |
May 05, 2014 | $0.039 | |
Apr 03, 2014 | $0.048 | |
Mar 05, 2014 | $0.037 | |
Feb 05, 2014 | $0.038 | |
Dec 24, 2013 | $0.050 | |
Dec 04, 2013 | $0.038 | |
Nov 05, 2013 | $0.040 | |
Oct 03, 2013 | $0.038 | |
Sep 05, 2013 | $0.035 | |
Aug 05, 2013 | $0.040 | |
Jul 03, 2013 | $0.028 | |
Jun 05, 2013 | $0.039 | |
May 03, 2013 | $0.034 | |
Apr 03, 2013 | $0.042 | |
Mar 05, 2013 | $0.033 | |
Feb 05, 2013 | $0.029 | |
Dec 26, 2012 | $0.050 | |
Dec 05, 2012 | $0.040 | |
Nov 05, 2012 | $0.045 | |
Oct 03, 2012 | $0.038 | |
Sep 06, 2012 | $0.044 | |
Aug 03, 2012 | $0.048 | |
Jul 05, 2012 | $0.040 | |
Jun 05, 2012 | $0.041 | |
May 03, 2012 | $0.045 | |
Apr 04, 2012 | $0.049 | |
Mar 05, 2012 | $0.044 | |
Feb 03, 2012 | $0.034 | |
Dec 27, 2011 | $0.067 | |
Dec 05, 2011 | $0.051 | |
Nov 03, 2011 | $0.054 | |
Oct 05, 2011 | $0.048 | |
Sep 06, 2011 | $0.053 | |
Aug 03, 2011 | $0.050 | |
Jul 06, 2011 | $0.048 | |
Jun 03, 2011 | $0.055 | |
May 04, 2011 | $0.048 | |
Apr 05, 2011 | $0.060 | |
Mar 03, 2011 | $0.048 | |
Feb 03, 2011 | $0.043 | |
Dec 21, 2010 | $0.069 | |
Dec 03, 2010 | $0.054 | |
Nov 03, 2010 | $0.056 | |
Oct 05, 2010 | $0.053 | |
Sep 03, 2010 | $0.058 | |
Aug 04, 2010 | $0.057 | |
Jul 06, 2010 | $0.059 | |
Jun 03, 2010 | $0.052 | |
May 05, 2010 | $0.053 | |
Apr 06, 2010 | $0.067 | |
Mar 03, 2010 | $0.050 | |
Feb 03, 2010 | $0.040 | |
Dec 22, 2009 | $0.075 | |
Dec 03, 2009 | $0.056 | |
Nov 04, 2009 | $0.059 | |
Oct 05, 2009 | $0.058 | |
Sep 03, 2009 | $0.058 | |
Aug 05, 2009 | $0.062 | |
Jul 06, 2009 | $0.060 | |
Jun 03, 2009 | $0.056 | |
May 05, 2009 | $0.056 | |
Apr 03, 2009 | $0.066 | |
Mar 04, 2009 | $0.051 | |
Feb 05, 2009 | $0.038 | |
Dec 23, 2008 | $0.083 | |
Dec 04, 2008 | $0.054 | |
Nov 06, 2008 | $0.062 | |
Oct 06, 2008 | $0.061 | |
Sep 05, 2008 | $0.054 | |
Aug 06, 2008 | $0.061 | |
Jul 07, 2008 | $0.058 | |
Jun 05, 2008 | $0.058 | |
May 06, 2008 | $0.054 | |
Apr 04, 2008 | $0.066 | |
Mar 06, 2008 | $0.053 | |
Feb 06, 2008 | $0.042 | |
Dec 18, 2007 | $0.083 | |
Dec 06, 2007 | $0.061 | |
Nov 06, 2007 | $0.065 | |
Oct 04, 2007 | $0.055 | |
Sep 07, 2007 | $0.062 | |
Aug 06, 2007 | $0.066 | |
Jul 06, 2007 | $0.057 | |
Jun 06, 2007 | $0.064 | |
May 04, 2007 | $0.060 | |
Apr 05, 2007 | $0.083 | |
Feb 27, 2007 | $0.040 | |
Feb 06, 2007 | $0.032 | |
Dec 06, 2006 | $0.060 | |
Nov 06, 2006 | $0.066 | |
Oct 05, 2006 | $0.057 | |
Sep 07, 2006 | $0.060 | |
Aug 04, 2006 | $0.065 | |
Jul 07, 2006 | $0.060 | |
Jun 02, 2006 | $0.067 | |
May 04, 2006 | $0.053 | |
Apr 06, 2006 | $0.060 | |
Mar 06, 2006 | $0.063 | |
Feb 06, 2006 | $0.038 | |
Dec 20, 2005 | $0.080 | |
Dec 06, 2005 | $0.060 | |
Nov 04, 2005 | $0.055 | |
Oct 06, 2005 | $0.055 | |
Sep 07, 2005 | $0.052 | |
Aug 04, 2005 | $0.049 | |
Jul 07, 2005 | $0.057 | |
Jun 06, 2005 | $0.056 | |
May 05, 2005 | $0.058 | |
Apr 06, 2005 | $0.055 | |
Mar 04, 2005 | $0.057 | |
Feb 04, 2005 | $0.046 | |
Dec 21, 2004 | $0.065 | |
Dec 06, 2004 | $0.042 | |
Nov 04, 2004 | $0.055 | |
Oct 06, 2004 | $0.058 | |
Sep 07, 2004 | $0.057 | |
Aug 05, 2004 | $0.056 | |
Jul 07, 2004 | $0.058 | |
Jun 04, 2004 | $0.057 | |
May 06, 2004 | $0.057 | |
Apr 06, 2004 | $0.056 | |
Mar 04, 2004 | $0.057 | |
Feb 05, 2004 | $0.041 | |
Dec 09, 2003 | $0.078 | |
Dec 04, 2003 | $0.058 | |
Nov 06, 2003 | $0.058 | |
Oct 06, 2003 | $0.061 | |
Sep 05, 2003 | $0.061 | |
Aug 07, 2003 | $0.061 | |
Jul 07, 2003 | $0.062 | |
Jun 05, 2003 | $0.062 | |
May 06, 2003 | $0.062 | |
Apr 04, 2003 | $0.061 | |
Mar 06, 2003 | $0.065 | |
Feb 06, 2003 | $0.036 | |
Dec 10, 2002 | $0.088 | |
Nov 06, 2002 | $0.057 | |
Oct 04, 2002 | $0.057 | |
Sep 09, 2002 | $0.056 | |
Aug 06, 2002 | $0.054 | |
Jul 05, 2002 | $0.064 | |
Jun 06, 2002 | $0.071 | |
May 06, 2002 | $0.086 | |
Apr 04, 2002 | $0.067 | |
Mar 06, 2002 | $0.061 | |
Feb 06, 2002 | $0.064 | |
Dec 11, 2001 | $0.068 |