Russell Inv Investment Grade 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
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 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
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%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameRussell Investments Investment Grade Bond Fund
-
Fund Family NameRussell
-
Inception DateMay 14, 1999
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited 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.
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
- Credit Default Swap 18.04%
- Credit Default Swap 17.84%
- United States Treasury Notes 0.38% 1.84%
- United States Treasury Notes 0.12% 1.26%
- United States Treasury Bonds 3.38% 1.24%
- United States Treasury Notes 2% 1.02%
- United States Treasury Notes 0.38% 0.98%
- Federal Home Loan Mortgage Corporation 2.5% 0.92%
- Federal Home Loan Mortgage Corporation 2.5% 0.90%
- 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
Date | Amount | Type |
---|---|---|
Apr 03, 2019 | $0.039 | |
Mar 05, 2019 | $0.027 | |
Feb 05, 2019 | $0.013 | |
Dec 20, 2018 | $0.098 | |
Dec 05, 2018 | $0.037 | |
Nov 05, 2018 | $0.041 | |
Oct 03, 2018 | $0.029 | |
Sep 06, 2018 | $0.036 | |
Aug 03, 2018 | $0.042 | |
Jul 05, 2018 | $0.032 | |
Jun 05, 2018 | $0.032 | |
May 03, 2018 | $0.035 | |
Apr 04, 2018 | $0.033 | |
Mar 05, 2018 | $0.016 | |
Feb 05, 2018 | $0.029 | |
Dec 21, 2017 | $0.003 | |
Dec 05, 2017 | $0.032 | |
Nov 03, 2017 | $0.030 | |
Oct 04, 2017 | $0.022 | |
Sep 06, 2017 | $0.028 | |
Aug 03, 2017 | $0.030 | |
Jul 06, 2017 | $0.019 | |
Jun 05, 2017 | $0.020 | |
May 03, 2017 | $0.017 | |
Apr 05, 2017 | $0.010 | |
Mar 03, 2017 | $0.015 | |
Feb 03, 2017 | $0.006 | |
Dec 20, 2016 | $0.106 | |
Dec 05, 2016 | $0.024 | |
Nov 03, 2016 | $0.038 | |
Oct 05, 2016 | $0.044 | |
Sep 06, 2016 | $0.030 | |
Aug 03, 2016 | $0.029 | |
Jul 06, 2016 | $0.031 | |
Jun 03, 2016 | $0.027 | |
May 04, 2016 | $0.022 | |
Apr 05, 2016 | $0.013 | |
Mar 03, 2016 | $0.026 | |
Feb 03, 2016 | $0.028 | |
Dec 22, 2015 | $0.100 | |
Dec 03, 2015 | $0.021 | |
Nov 04, 2015 | $0.027 | |
Oct 05, 2015 | $0.025 | |
Sep 03, 2015 | $0.025 | |
Aug 05, 2015 | $0.026 | |
Jul 06, 2015 | $0.021 | |
Jun 03, 2015 | $0.023 | |
May 05, 2015 | $0.017 | |
Apr 06, 2015 | $0.022 | |
Mar 04, 2015 | $0.022 | |
Feb 04, 2015 | $0.001 | |
Dec 23, 2014 | $0.011 | |
Dec 03, 2014 | $0.016 | |
Nov 05, 2014 | $0.022 | |
Oct 03, 2014 | $0.025 | |
Sep 04, 2014 | $0.022 | |
Aug 05, 2014 | $0.023 | |
Jul 03, 2014 | $0.026 | |
Jun 04, 2014 | $0.027 | |
May 05, 2014 | $0.026 | |
Apr 03, 2014 | $0.018 | |
Mar 05, 2014 | $0.018 | |
Feb 05, 2014 | $0.005 | |
Dec 24, 2013 | $0.016 | |
Dec 04, 2013 | $0.018 | |
Nov 05, 2013 | $0.013 | |
Oct 03, 2013 | $0.012 | |
Sep 05, 2013 | $0.013 | |
Aug 05, 2013 | $0.010 | |
Jul 03, 2013 | $0.006 | |
Jun 05, 2013 | $0.017 | |
May 03, 2013 | $0.015 | |
Apr 03, 2013 | $0.023 | |
Mar 05, 2013 | $0.010 | |
Feb 05, 2013 | $0.013 | |
Dec 26, 2012 | $0.027 | |
Dec 05, 2012 | $0.020 | |
Nov 05, 2012 | $0.050 | |
Oct 03, 2012 | $0.001 | |
Sep 06, 2012 | $0.013 | |
Aug 03, 2012 | $0.035 | |
Jul 05, 2012 | $0.027 | |
Jun 05, 2012 | $0.023 | |
May 03, 2012 | $0.039 | |
Apr 04, 2012 | $0.036 | |
Mar 05, 2012 | $0.032 | |
Feb 03, 2012 | $0.044 | |
Dec 05, 2011 | $0.039 | |
Nov 03, 2011 | $0.019 | |
Oct 05, 2011 | $0.041 | |
Sep 06, 2011 | $0.045 | |
Aug 03, 2011 | $0.049 | |
Jul 06, 2011 | $0.046 | |
Jun 03, 2011 | $0.051 | |
May 04, 2011 | $0.043 | |
Apr 05, 2011 | $0.054 | |
Mar 03, 2011 | $0.037 | |
Feb 03, 2011 | $0.026 | |
Dec 03, 2010 | $0.052 | |
Nov 03, 2010 | $0.038 | |
Oct 05, 2010 | $0.036 | |
Sep 03, 2010 | $0.036 | |
Aug 04, 2010 | $0.046 | |
Jul 06, 2010 | $0.045 | |
Jun 03, 2010 | $0.034 | |
May 05, 2010 | $0.040 | |
Apr 06, 2010 | $0.043 | |
Mar 03, 2010 | $0.031 | |
Feb 03, 2010 | $0.042 | |
Dec 22, 2009 | $0.151 | |
Dec 03, 2009 | $0.057 | |
Nov 04, 2009 | $0.075 | |
Oct 05, 2009 | $0.067 | |
Sep 03, 2009 | $0.056 | |
Aug 05, 2009 | $0.080 | |
Jul 06, 2009 | $0.080 | |
Jun 03, 2009 | $0.074 | |
May 05, 2009 | $0.093 | |
Apr 03, 2009 | $0.069 | |
Mar 04, 2009 | $0.065 | |
Feb 05, 2009 | $0.249 | |
Oct 06, 2008 | $0.248 | |
Jul 07, 2008 | $0.227 | |
Apr 04, 2008 | $0.238 | |
Dec 18, 2007 | $0.276 | |
Oct 04, 2007 | $0.257 | |
Jul 06, 2007 | $0.244 | |
Apr 05, 2007 | $0.221 | |
Dec 15, 2006 | $0.270 | |
Oct 05, 2006 | $0.235 | |
Jul 07, 2006 | $0.236 | |
Apr 06, 2006 | $0.192 | |
Dec 20, 2005 | $0.231 | |
Oct 06, 2005 | $0.194 | |
Jul 07, 2005 | $0.190 | |
Apr 06, 2005 | $0.125 | |
Dec 21, 2004 | $0.222 | |
Oct 06, 2004 | $0.181 | |
Jul 07, 2004 | $0.144 | |
Apr 06, 2004 | $0.101 | |
Dec 09, 2003 | $0.263 | |
Oct 06, 2003 | $0.161 | |
Jul 07, 2003 | $0.146 | |
Apr 04, 2003 | $0.160 | |
Dec 10, 2002 | $0.203 | |
Oct 04, 2002 | $0.231 | |
Jul 05, 2002 | $0.255 | |
Apr 04, 2002 | $0.182 | |
Dec 11, 2001 | $0.303 |