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 features an expense ratio of 0.32%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Russell Investments Investment Grade Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Russell Investments Investment Grade Bond Fund had a return of 1.01% year-to-date (YTD) and 4.31% in the last 12 months. Over the past 10 years, Russell Investments Investment Grade Bond Fund had an annualized return of 0.50%, while the S&P 500 had an annualized return of 11.31%, indicating that Russell Investments Investment Grade Bond Fund did not perform as well as the benchmark.
RFAYX
1.01%
0.95%
-1.30%
4.31%
-1.47%
0.50%
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
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% | 1.01% | |||||||||||
| 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% | 5.24% |
| 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% | -0.70% | -1.43% |
| 2020 | 2.44% | 1.67% | -3.38% | 2.70% | 1.56% | 1.28% | 1.81% | -0.42% | -0.09% | -0.60% | 1.62% | -3.17% | 5.31% |
| 2019 | 1.06% | -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% | -2.89% | -0.23% |
| 2015 | 1.94% | -0.85% | 0.62% | -0.44% | -0.29% | -1.12% | 0.77% | -0.21% | 0.70% | 0.10% | -0.20% | -2.37% | -1.39% |
| 2014 | 1.43% | 0.65% | -0.29% | 0.80% | 1.19% | 0.07% | -0.20% | 1.13% | -0.66% | 0.96% | 0.71% | 0.38% | 6.33% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RFAYX is 32, 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.
Dividends
Dividend History
Russell Investments Investment Grade Bond Fund provided a 4.72% dividend yield over the last twelve months, with an annual payout of $0.85 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 | $0.85 | $0.85 | $0.75 | $0.23 | $0.47 | $0.38 | $0.75 | $0.55 | $0.34 | $0.52 | $0.43 | $0.78 |
Dividend yield | 4.72% | 4.74% | 4.07% | 1.26% | 2.16% | 1.68% | 3.46% | 2.68% | 1.58% | 2.48% | 2.00% | 3.52% |
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 | $0.02 | ||||||||||
| 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 | $0.20 | $0.47 |
| 2020 | $0.00 | $0.01 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.03 | $0.06 | $0.38 |
| 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 | $0.15 | $0.52 |
| 2015 | $0.00 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.14 | $0.43 |
| 2014 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.49 | $0.78 |
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.
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 21.53%, occurring on Oct 24, 2022. The portfolio has not yet recovered.
The current Russell Investments Investment Grade Bond Fund drawdown is 12.20%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.53% | Dec 1, 2020 | 478 | 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 |
| -7.15% | Sep 8, 2016 | 73 | Dec 20, 2016 | 600 | May 13, 2019 | 673 |
| -5.89% | Nov 8, 2001 | 27 | Dec 17, 2001 | 189 | Sep 19, 2002 | 216 |
Volatility
Volatility Chart
The current Russell Investments Investment Grade Bond Fund volatility is 1.36%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.