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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.

Watchlist

Russell Investments Short Duration Bond Fund

RSBEX |

-

$428 M

-

1.04%

Vitals

YTD Return

2.3%

1 yr return

2.2%

3 Yr Avg Return

0.9%

5 Yr Avg Return

0.6%

Net Assets

$428 M

Holdings in Top 10

12.9%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.04%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 99.00%

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.

Watchlist

Russell Investments Short Duration Bond Fund

RSBEX |

-

$428 M

-

1.04%

RSBEX - Profile

Distributions

  • YTD Total Return 2.3%
  • 3 Yr Annualized Total Return 0.9%
  • 5 Yr Annualized Total Return 0.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.87%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Russell Investments Short Duration Bond Fund
  • Fund Family Name
    Russell
  • Inception Date
    Feb 18, 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 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 invests principally in short duration bonds and defines short duration as a duration ranging from 0.0 to 3.0 years.  The Fund has no restrictions on individual security duration. 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 may invest in debt securities that are rated below investment grade (commonly referred to as “high-yield” or “junk bonds”) and in “distressed” debt securities. 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. 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 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 and swaps. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information. 
Read More

RSBEX - Performance

Return Ranking - Trailing

Period RSBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -31.9% 954.9% 45.55%
1 Yr 2.2% -27.2% 945.1% 41.27%
3 Yr 0.9%* -18.4% 120.9% 51.84%
5 Yr 0.6%* -9.1% 60.6% 50.85%
10 Yr 0.2%* -5.2% 14.4% 50.91%

* Annualized

Return Ranking - Calendar

Period RSBEX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -5.8% 20.3% 82.23%
2022 -1.0% -29.6% 4.6% 14.84%
2021 0.1% -4.4% 15.8% 80.91%
2020 0.7% -6.1% 15.0% 28.46%
2019 -1.1% -11.6% 2.6% 53.08%

Total Return Ranking - Trailing

Period RSBEX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.3% -31.9% 954.9% 45.55%
1 Yr 2.2% -27.2% 945.1% 41.22%
3 Yr 0.9%* -18.4% 120.9% 56.23%
5 Yr 0.6%* -9.1% 60.6% 55.38%
10 Yr 0.2%* -5.2% 16.1% 63.27%

* Annualized

Total Return Ranking - Calendar

Period RSBEX Return Category Return Low Category Return High Rank in Category (%)
2023 2.2% -5.8% 20.3% 82.48%
2022 -1.0% -29.6% 4.6% 20.43%
2021 0.1% -4.4% 15.8% 84.50%
2020 0.7% -6.1% 15.0% 34.56%
2019 -1.1% -9.9% 3.0% 59.70%

RSBEX - Holdings

Concentration Analysis

RSBEX Category Low Category High RSBEX % Rank
Net Assets 428 M 619 K 88.4 B 57.28%
Number of Holdings 587 1 10083 31.23%
Net Assets in Top 10 26.6 M -170 M 26.9 B 80.39%
Weighting of Top 10 12.85% 2.6% 100.0% 77.91%

Top 10 Holdings

  1. Credit Default Swap 1.89%
  2. Credit Default Swap 1.86%
  3. United States Treasury Notes 0.25% 1.60%
  4. Credit Default Swap 1.46%
  5. Credit Default Swap 1.43%
  6. United States Treasury Notes 0.5% 1.09%
  7. Pfizer Inc. 1.95% 0.90%
  8. United States Treasury Notes 1.38% 0.89%
  9. Equinor ASA 2.88% 0.86%
  10. Novartis Capital Corporation 2.4% 0.86%

Asset Allocation

Weighting Return Low Return High RSBEX % Rank
Bonds 		89.39% 78.92% 188.18% 88.08%
Cash 		9.28% -83.41% 19.68% 9.85%
Convertible Bonds 		1.34% 0.00% 9.45% 26.14%
Stocks 		0.00% -4.99% 21.62% 32.24%
Preferred Stocks 		0.00% -0.17% 10.40% 38.59%
Other 		0.00% -9.30% 31.94% 31.62%

Bond Sector Breakdown

Weighting Return Low Return High RSBEX % Rank
Corporate 		58.30% 0.00% 99.00% 10.09%
Securitized 		20.29% 0.00% 97.53% 35.75%
Cash & Equivalents 		9.20% -26.49% 93.17% 13.65%
Government 		9.01% -2.21% 99.96% 42.14%
Derivative 		3.20% 0.00% 39.43% 4.47%
Municipal 		0.00% 0.00% 100.06% 84.67%

Bond Geographic Breakdown

Weighting Return Low Return High RSBEX % Rank
US 		77.63% 49.78% 163.25% 90.25%
Non US 		11.76% -12.10% 39.65% 23.55%

RSBEX - Expenses

Operational Fees

RSBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.04% 0.01% 34.57% 29.39%
Management Fee 0.45% 0.00% 1.60% 70.49%
12b-1 Fee N/A 0.00% 1.00% 4.00%
Administrative Fee 0.05% 0.00% 0.50% 16.40%

Sales Fees

RSBEX 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

RSBEX 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.

RSBEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 0.00% 496.90% 75.76%

RSBEX - Distributions

Dividend Yield Analysis

RSBEX Category Low Category High RSBEX % Rank
Dividend Yield 0.00% 0.00% 3.89% 28.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RSBEX Category Low Category High RSBEX % Rank
Net Income Ratio 1.87% -0.81% 5.05% 81.15%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RSBEX - Fund Manager Analysis

Tenure Analysis

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

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