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Name

As of 06/01/2026

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 Bond Fund

RBCUX | Fund

$21.94

$6.57 B

0.00%

0.57%

Vitals

YTD Return

1.0%

1 yr return

5.7%

3 Yr Avg Return

3.9%

5 Yr Avg Return

1.2%

Net Assets

$6.57 B

Holdings in Top 10

5.3%

52 WEEK LOW AND HIGH

$21.9
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.57%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 19.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

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 Bond Fund

RBCUX | Fund

$21.94

$6.57 B

0.00%

0.57%

RBCUX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 1.2%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Tax-Exempt Bond Fund
  • Fund Family Name
    Russell Investment Company
  • Inception Date
    Mar 17, 2017
  • Shares Outstanding
    N/A
  • Share Class
    M
  • 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 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 may invest 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. Please refer to the “Investment Objective and Investment Strategies” section in the Fund's Prospectus for further information.
Read More

RBCUX - Performance

Return Ranking - Trailing

Period RBCUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -0.8% 14.7% 59.47%
1 Yr 5.7% 1.9% 27.1% 58.96%
3 Yr 3.9%* 1.1% 23.8% 21.45%
5 Yr 1.2%* -3.5% 7.1% 16.65%
10 Yr N/A* 0.1% 250.2% 40.13%

* Annualized

Return Ranking - Calendar

Period RBCUX Return Category Return Low Category Return High Rank in Category (%)
2025 1.0% -26.4% 12.1% 31.25%
2024 -1.7% -6.2% 34.9% 81.36%
2023 2.6% -1.4% 41.0% 56.97%
2022 -10.0% -39.7% 0.3% 34.13%
2021 0.0% -5.6% 55.0% 29.82%

Total Return Ranking - Trailing

Period RBCUX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -0.8% 14.7% 59.47%
1 Yr 5.7% 1.9% 27.1% 58.96%
3 Yr 3.9%* 1.1% 23.8% 21.45%
5 Yr 1.2%* -3.5% 7.1% 16.65%
10 Yr N/A* 0.1% 250.2% 38.18%

* Annualized

Total Return Ranking - Calendar

Period RBCUX Return Category Return Low Category Return High Rank in Category (%)
2025 4.4% -2.1% 17.0% 26.67%
2024 1.9% -1.8% 34.9% 61.08%
2023 6.2% 2.1% 41.0% 43.39%
2022 -7.5% -39.7% 1.1% 30.07%
2021 2.1% -4.8% 23761504.0% 41.45%

NAV & Total Return History

RBCUX - Holdings

Concentration Analysis

RBCUX Category Low Category High RBCUX % Rank
Net Assets 6.57 B 4.18 M 87.7 B 5.10%
Number of Holdings 3375 4 15641 2.23%
Net Assets in Top 10 335 M -317 M 4.4 B 12.49%
Weighting of Top 10 5.25% 1.2% 130.7% 97.92%

Top 10 Holdings

  1. PUERTO RICO SALES TAX FING CORP SALES TAX REVENUE 0.84%
  2. MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE 0.58%
  3. KENTUCKY ST PUBLIC ENERGY AUTH GAS SPLY REVENUE 0.57%
  4. SOUTHEAST ENERGY AUTHORITY A COOPERATIVE 0.54%
  5. NEW YORK NY 0.53%
  6. ENERGY S E AL A COOPERATIVE DIST ENERGY SPLY REVENUE 0.45%
  7. CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REVENUE 0.45%
  8. MET TRANSPRTN AUTH NY REVENUE 0.44%
  9. SOUTHEAST ENERGY AUTHORITY A COOPERATIVE 0.43%
  10. MAIN STREET NATURAL GAS INC GA GAS SUPPLY REVENUE 0.42%

Asset Allocation

Weighting Return Low Return High RBCUX % Rank
Bonds 		99.68% 0.00% 150.86% 22.37%
Cash 		0.32% -50.86% 43.00% 77.03%
Stocks 		0.00% 0.00% 100.20% 48.10%
Preferred Stocks 		0.00% 0.00% 0.07% 39.41%
Other 		0.00% -1.59% 51.23% 48.38%
Convertible Bonds 		0.00% 0.00% 0.93% 39.08%

Bond Sector Breakdown

Weighting Return Low Return High RBCUX % Rank
Municipal 		96.16% 44.39% 100.00% 71.30%
Cash & Equivalents 		0.00% 0.00% 43.00% 56.28%
Derivative 		0.00% -0.35% 48.45% 46.02%
Securitized 		0.00% 0.00% 5.93% 39.01%
Corporate 		0.00% 0.00% 9.41% 48.67%
Government 		0.00% 0.00% 52.02% 41.96%

Bond Geographic Breakdown

Weighting Return Low Return High RBCUX % Rank
US 		99.68% 0.00% 135.36% 19.02%
Non US 		0.00% 0.00% 23.89% 46.09%

RBCUX - Expenses

Operational Fees

RBCUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.57% 0.03% 3.74% 71.73%
Management Fee 0.30% 0.00% 1.20% 16.99%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.05% 0.01% 0.44% 14.35%

Sales Fees

RBCUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 4.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

RBCUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 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.

RBCUX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 283.00% 55.49%

RBCUX - Distributions

Dividend Yield Analysis

RBCUX Category Low Category High RBCUX % Rank
Dividend Yield 0.00% 0.00% 14.51% 17.20%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

RBCUX Category Low Category High RBCUX % Rank
Net Income Ratio 2.04% -0.53% 5.32% 47.43%

Capital Gain Distribution Analysis

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

Distributions History

View More +

RBCUX - 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
0.08 35.05 7.27 1.58

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