Russell Investments Tax-Exempt Bond Fund (RLVSX)
The investment seeks to provide federal tax-exempt current income consistent with the preservation of capital. 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 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.
Fund Info
| ISIN | US7824938374 |
|---|---|
| Issuer | Russell |
| Inception Date | Sep 4, 1985 |
| Category | Municipal Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
RLVSX features an expense ratio of 0.53%, falling within the medium range.
Share Price Chart
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Popular comparisons: RLVSX vs. RUSG.L
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Russell Investments Tax-Exempt 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 Tax-Exempt Bond Fund had a return of 1.68% year-to-date (YTD) and 6.36% in the last 12 months. Over the past 10 years, Russell Investments Tax-Exempt Bond Fund had an annualized return of 2.27%, while the S&P 500 had an annualized return of 11.43%, indicating that Russell Investments Tax-Exempt Bond Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.68% | 25.82% |
| 1 month | -0.68% | 3.20% |
| 6 months | 1.56% | 14.94% |
| 1 year | 6.36% | 35.92% |
| 5 years (annualized) | 1.37% | 14.22% |
| 10 years (annualized) | 2.27% | 11.43% |
Monthly Returns
The table below presents the monthly returns of RLVSX, 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.09% | 0.17% | 0.07% | -0.81% | -0.18% | 1.29% | 0.75% | 0.70% | 0.90% | -1.15% | 1.68% | ||
| 2023 | 2.41% | -1.69% | 1.53% | -0.03% | -0.49% | 0.92% | 0.33% | -0.82% | -2.11% | -0.80% | 4.78% | 2.11% | 6.11% |
| 2022 | -2.42% | -0.53% | -2.69% | -2.43% | 1.16% | -1.76% | 2.26% | -1.69% | -3.08% | -0.56% | 3.86% | 0.28% | -7.57% |
| 2021 | 0.92% | -1.33% | 0.64% | 0.87% | 0.38% | 0.31% | 0.65% | -0.32% | -0.73% | -0.16% | 0.82% | 0.15% | 2.19% |
| 2020 | 1.61% | 1.19% | -4.64% | -1.53% | 2.67% | 1.24% | 1.66% | -0.18% | -0.00% | -0.08% | 1.45% | 0.80% | 4.05% |
| 2019 | 0.75% | 0.63% | 1.31% | 0.38% | 1.26% | 0.42% | 0.76% | 1.34% | -0.62% | 0.08% | 0.22% | 0.38% | 7.10% |
| 2018 | -0.83% | -0.25% | 0.29% | -0.19% | 1.05% | 0.20% | 0.31% | 0.21% | -0.47% | -0.63% | 0.86% | 0.92% | 1.46% |
| 2017 | 0.53% | 0.64% | 0.21% | 0.73% | 1.20% | -0.33% | 0.68% | 0.81% | -0.30% | 0.04% | -0.41% | 0.81% | 4.69% |
| 2016 | 1.25% | 0.14% | 0.21% | 0.68% | 0.08% | 1.27% | 0.08% | 0.17% | -0.29% | -0.74% | -3.21% | 0.57% | 0.14% |
| 2015 | 1.56% | -0.87% | 0.18% | -0.31% | -0.36% | -0.12% | 0.54% | 0.19% | 0.67% | 0.53% | 0.24% | 0.54% | 2.81% |
| 2014 | 1.39% | 0.77% | -0.08% | 0.94% | 0.98% | -0.06% | 0.16% | 0.99% | 0.02% | 0.56% | 0.13% | 0.33% | 6.28% |
| 2013 | 0.17% | 0.32% | -0.10% | 0.59% | -0.91% | -1.73% | -0.08% | -0.83% | 1.45% | 0.64% | -0.20% | -0.19% | -0.91% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RLVSX is 63, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Russell Investments Tax-Exempt Bond Fund (RLVSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Russell Investments Tax-Exempt Bond Fund provided a 3.07% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.71 | $0.59 | $0.53 | $0.62 | $0.67 | $0.66 | $0.61 | $0.59 | $0.65 | $0.56 | $0.50 |
Dividend yield | 3.07% | 3.21% | 2.73% | 2.21% | 2.58% | 2.82% | 2.89% | 2.65% | 2.63% | 2.80% | 2.41% | 2.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Russell Investments Tax-Exempt 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.04 | $0.06 | $0.06 | $0.06 | $0.07 | $0.05 | $0.07 | $0.06 | $0.05 | $0.00 | $0.53 | |
| 2023 | $0.00 | $0.04 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.07 | $0.15 | $0.71 |
| 2022 | $0.00 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.12 | $0.59 |
| 2021 | $0.00 | $0.04 | $0.04 | $0.06 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.09 | $0.53 |
| 2020 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.11 | $0.62 |
| 2019 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.07 | $0.05 | $0.05 | $0.06 | $0.11 | $0.67 |
| 2018 | $0.00 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.12 | $0.66 |
| 2017 | $0.00 | $0.05 | $0.05 | $0.06 | $0.04 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.11 | $0.61 |
| 2016 | $0.00 | $0.02 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.11 | $0.59 |
| 2015 | $0.00 | $0.05 | $0.04 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.14 | $0.65 |
| 2014 | $0.00 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.10 | $0.56 |
| 2013 | $0.03 | $0.04 | $0.05 | $0.04 | $0.04 | $0.03 | $0.05 | $0.04 | $0.04 | $0.04 | $0.10 | $0.50 |
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 Tax-Exempt 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 Tax-Exempt Bond Fund was 11.76%, occurring on Oct 26, 2022. Recovery took 468 trading sessions.
The current Russell Investments Tax-Exempt Bond Fund drawdown is 1.35%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -11.76% | Jul 22, 2021 | 320 | Oct 26, 2022 | 468 | Sep 9, 2024 | 788 |
| -11.33% | Mar 3, 2020 | 14 | Mar 20, 2020 | 170 | Nov 19, 2020 | 184 |
| -6.65% | Sep 12, 2008 | 25 | Oct 16, 2008 | 59 | Jan 12, 2009 | 84 |
| -4.63% | Mar 12, 2004 | 44 | May 13, 2004 | 93 | Sep 27, 2004 | 137 |
| -4.54% | Aug 30, 2016 | 66 | Dec 1, 2016 | 168 | Aug 3, 2017 | 234 |
Volatility
Volatility Chart
The current Russell Investments Tax-Exempt Bond Fund volatility is 1.27%, 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.