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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 Tax-Exempt High Yield Bond Fund

RTHEX |

-

$991 M

-

1.05%

Vitals

YTD Return

-3.6%

1 yr return

-2.6%

3 Yr Avg Return

0.8%

5 Yr Avg Return

1.4%

Net Assets

$991 M

Holdings in Top 10

9.6%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.05%

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 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 Tax-Exempt High Yield Bond Fund

RTHEX |

-

$991 M

-

1.05%

RTHEX - Profile

Distributions

  • YTD Total Return -3.6%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return 1.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.68%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Russell Investments Tax-Exempt High Yield Bond Fund
  • Fund Family Name
    Russell
  • Inception Date
    Jun 01, 2015
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United 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 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. 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. Duration is a measure of sensitivity to interest rate changes and not time. 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.
Read More

RTHEX - Performance

Return Ranking - Trailing

Period RTHEX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -11.8% 2.8% 81.54%
1 Yr -2.6% -12.7% 5.3% 44.27%
3 Yr 0.8%* -3.4% 3.3% 17.82%
5 Yr 1.4%* -2.2% 2.5% 17.36%
10 Yr N/A* -1.4% 1.7% N/A

* Annualized

Return Ranking - Calendar

Period RTHEX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -0.7% 9.1% 22.75%
2022 -0.7% -5.7% 9.2% 23.43%
2021 4.9% -9.7% 8.6% 25.81%
2020 -1.9% -6.7% -0.8% 22.82%
2019 N/A -5.6% 2.9% N/A

Total Return Ranking - Trailing

Period RTHEX Return Category Return Low Category Return High Rank in Category (%)
YTD -3.6% -11.8% 2.8% 81.54%
1 Yr -2.6% -12.7% 5.3% 44.27%
3 Yr 0.8%* -2.8% 3.5% 22.41%
5 Yr 1.4%* -2.2% 4.4% 25.00%
10 Yr N/A* -1.4% 5.1% N/A

* Annualized

Total Return Ranking - Calendar

Period RTHEX Return Category Return Low Category Return High Rank in Category (%)
2023 6.3% -0.7% 9.1% 25.93%
2022 -0.7% -4.6% 9.2% 30.86%
2021 4.9% -9.7% 9.8% 29.03%
2020 -1.9% -4.8% 1.1% 28.19%
2019 N/A -5.6% 5.3% N/A

RTHEX - Holdings

Concentration Analysis

RTHEX Category Low Category High RTHEX % Rank
Net Assets 991 M 583 K 18.8 B 51.76%
Number of Holdings 1277 3 3503 20.10%
Net Assets in Top 10 77.7 M 296 K 2.43 B 66.83%
Weighting of Top 10 9.56% 4.8% 51.7% 84.69%

Top 10 Holdings

  1. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.54%
  2. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.23%
  3. PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% 1.22%
  4. MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.07% 1.13%
  5. EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.44% 0.96%
  6. PUERTO RICO COMWLTH HWY & TRANSN AUTH TRANSN REV 5.25% 0.79%
  7. BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% 0.74%
  8. UNIV CALIF REGTS MED CTR POOLED REV 0.03% 0.67%
  9. Interest Rate Swap 0.64%
  10. GRAND PARKWAY TRANSN CORP TEX SYS TOLL REV 4% 0.63%

Asset Allocation

Weighting Return Low Return High RTHEX % Rank
Bonds 		98.65% 0.00% 101.38% 39.50%
Cash 		1.36% -1.38% 100.00% 52.76%
Stocks 		0.00% 0.00% 2.29% 92.50%
Preferred Stocks 		0.00% -1.67% 0.00% 87.44%
Other 		0.00% -1.80% 2.96% 86.43%
Convertible Bonds 		0.00% 0.00% 0.00% 88.94%

Bond Sector Breakdown

Weighting Return Low Return High RTHEX % Rank
Municipal 		98.15% 0.00% 100.00% 45.23%
Cash & Equivalents 		1.35% 0.00% 100.00% 51.26%
Government 		0.50% -2.36% 0.87% 2.01%
Derivative 		0.00% 0.00% 0.25% 88.94%
Securitized 		0.00% 0.00% 0.00% 88.94%
Corporate 		0.00% 0.00% 9.75% 94.47%

Bond Geographic Breakdown

Weighting Return Low Return High RTHEX % Rank
US 		91.28% 0.00% 100.54% 59.30%
Non US 		7.37% 0.00% 14.58% 30.15%

RTHEX - Expenses

Operational Fees

RTHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.05% 0.18% 7.04% 37.88%
Management Fee 0.50% 0.00% 1.25% 62.00%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.35% 28.33%

Sales Fees

RTHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

RTHEX 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.

RTHEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 35.00% 5.10% 314.00% 65.33%

RTHEX - Distributions

Dividend Yield Analysis

RTHEX Category Low Category High RTHEX % Rank
Dividend Yield 0.00% 0.00% 0.62% 89.00%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RTHEX Category Low Category High RTHEX % Rank
Net Income Ratio 3.68% -0.98% 5.32% 46.46%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RTHEX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 28.69 7.16 0.78

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