Russell Investments Investment Grade Bond Fund (RFAYX)
The investment seeks current income and the preservation of capital. 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 provides or oversees the provision of all investment advisory and portfolio management services for the fund.
Fund Info
US7824931759
Mar 29, 2000
$10,000,000
Expense Ratio
RFAYX has an expense ratio of 0.32%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Russell Investments Investment Grade Bond Fund (RFAYX) returned 2.57% year-to-date (YTD) and 5.86% over the past 12 months. Over the past 10 years, RFAYX returned 1.59% annually, underperforming the S&P 500 benchmark at 10.85%.
RFAYX
2.57%
-0.53%
0.78%
5.86%
1.28%
-0.80%
1.59%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of RFAYX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.56% | 2.17% | 0.09% | 0.28% | -0.53% | 2.57% | |||||||
| 2024 | -0.00% | -1.42% | 0.96% | -2.47% | 1.74% | 1.02% | 2.18% | 1.49% | 1.30% | -2.48% | 1.15% | -1.75% | 1.58% |
| 2023 | 3.39% | -2.64% | 2.59% | 0.58% | -1.25% | -0.70% | -0.04% | -0.50% | -2.45% | -1.54% | 4.32% | 3.69% | 5.23% |
| 2022 | -2.02% | -1.23% | -3.51% | -3.74% | 0.04% | -1.69% | 2.30% | -2.50% | -4.14% | -1.58% | 3.13% | -0.69% | -14.80% |
| 2021 | -0.44% | -1.49% | -1.30% | 0.99% | 0.47% | 0.95% | 1.38% | -0.17% | -0.99% | -0.50% | 0.40% | -0.35% | -1.08% |
| 2020 | 2.44% | 1.67% | -3.38% | 2.70% | 1.56% | 1.28% | 1.81% | -0.42% | -0.09% | -0.60% | 1.62% | 0.31% | 9.10% |
| 2019 | 1.07% | -0.04% | 2.09% | 0.08% | 1.97% | 1.09% | 0.44% | 2.73% | -0.62% | 0.18% | -0.06% | -0.17% | 9.03% |
| 2018 | -1.03% | -1.06% | 0.59% | -0.81% | 0.45% | 0.00% | 0.00% | 0.48% | -0.66% | -0.75% | 0.59% | 1.67% | -0.56% |
| 2017 | 0.33% | 0.52% | -0.08% | 0.85% | 0.77% | 0.13% | 0.50% | 0.70% | -0.48% | 0.05% | -0.15% | 0.39% | 3.59% |
| 2016 | 1.30% | 0.63% | 0.93% | 0.50% | -0.05% | 2.02% | 0.84% | 0.00% | -0.09% | -0.70% | -2.62% | 0.03% | 2.76% |
| 2015 | 1.94% | -0.85% | 0.62% | -0.44% | -0.29% | -1.12% | 0.77% | -0.21% | 0.70% | 0.10% | -0.20% | -0.34% | 0.66% |
| 2014 | 1.43% | 0.65% | -0.29% | 0.80% | 1.19% | 0.07% | -0.20% | 1.13% | -0.66% | 0.96% | 0.71% | 0.29% | 6.23% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RFAYX is 66, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Russell Investments Investment Grade Bond Fund (RFAYX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Russell Investments Investment Grade Bond Fund provided a 4.85% dividend yield over the last twelve months, with an annual payout of $0.88 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.88 | $0.85 | $0.75 | $0.23 | $0.55 | $1.19 | $0.75 | $0.55 | $0.34 | $1.14 | $0.88 | $0.76 |
Dividend yield | 4.85% | 4.74% | 4.07% | 1.26% | 2.51% | 5.26% | 3.46% | 2.68% | 1.58% | 5.46% | 4.09% | 3.42% |
Monthly Dividends
The table displays the monthly dividend distributions for Russell Investments Investment Grade Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.02 | $0.06 | $0.06 | $0.06 | $0.20 | |||||||
| 2024 | $0.00 | $0.02 | $0.02 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.05 | $0.05 | $0.07 | $0.32 | $0.85 |
| 2023 | $0.00 | $0.04 | $0.06 | $0.07 | $0.05 | $0.06 | $0.05 | $0.06 | $0.07 | $0.06 | $0.06 | $0.18 | $0.75 |
| 2022 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 | $0.06 | $0.23 |
| 2021 | $0.00 | $0.02 | $0.03 | $0.05 | $0.02 | $0.03 | $0.03 | $0.01 | $0.03 | $0.03 | $0.03 | $0.27 | $0.55 |
| 2020 | $0.00 | $0.01 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.87 | $1.19 |
| 2019 | $0.00 | $0.02 | $0.03 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.04 | $0.04 | $0.06 | $0.30 | $0.75 |
| 2018 | $0.00 | $0.04 | $0.02 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.15 | $0.55 |
| 2017 | $0.00 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.05 | $0.34 |
| 2016 | $0.00 | $0.04 | $0.03 | $0.02 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.77 | $1.14 |
| 2015 | $0.00 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.59 | $0.88 |
| 2014 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.47 | $0.76 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Russell Investments Investment Grade Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Russell Investments Investment Grade Bond Fund was 19.35%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Russell Investments Investment Grade Bond Fund drawdown is 8.37%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -19.35% | Aug 5, 2021 | 308 | Oct 24, 2022 | — | — | — |
| -10.02% | Jan 24, 2008 | 212 | Nov 21, 2008 | 147 | Jun 25, 2009 | 359 |
| -8.61% | Mar 10, 2020 | 8 | Mar 19, 2020 | 63 | Jun 18, 2020 | 71 |
| -6.14% | Sep 8, 2016 | 53 | Nov 21, 2016 | 193 | Aug 29, 2017 | 246 |
| -5.89% | Nov 8, 2001 | 27 | Dec 17, 2001 | 189 | Sep 19, 2002 | 216 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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