Russell Investments Multifactor Bond Fund (RMHYX)

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The chart shows the growth of an initial investment of $10,000 in Russell Investments Multifactor 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.

Russell Investments Multifactor Bond Fund (RMHYX) has returned -0.34% so far this year and 2.70% over the past 12 months.

Based on dividend-adjusted daily data since Nov 13, 2019, RMHYX's average daily return is 0.00%, while the average monthly return is +0.02%. At this rate, your investment would double in approximately 288.8 years.

Historically, 48% of months were positive and 52% were negative. The best month was Nov 2023 with a return of +6.2%, while the worst month was Oct 2024 at -4.2%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 7 months.

On a daily basis, RMHYX closed higher 43% of trading days. The best single day was Aug 2, 2024 with a return of +2.1%, while the worst single day was Dec 19, 2024 at -2.8%.

Russell Investments Multifactor Bond Fund has an annualized alpha of -0.13%, beta of 0.03, and R² of 0.01 versus S&P 500 Index. Calculated based on daily prices since November 14, 2019.

• This fund participated in 35.39% of S&P 500 Index downside but only 15.26% of its upside — more exposed to losses than it benefited from rallies.
• Beta of 0.03 may look defensive, but with R² of 0.01 this fund is largely uncorrelated with S&P 500 Index — low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R² of 0.01 means this fund moves largely independently of S&P 500 Index — capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

RMHYX has an expense ratio of 0.26%, which is considered low.

RMHYX ranks 16 for risk / return — in the bottom 16% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for Russell Investments Multifactor Bond Fund (RMHYX) and compare them to a chosen benchmark (S&P 500 Index).

Russell Investments Multifactor Bond Fund provided a 3.96% dividend yield over the last twelve months, with an annual payout of $0.31 per share.

The table displays the monthly dividend distributions for Russell Investments Multifactor Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Russell Investments Multifactor 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 Multifactor Bond Fund was 21.15%, occurring on Oct 19, 2023. The portfolio has not yet recovered.

The current Russell Investments Multifactor Bond Fund drawdown is 7.01%.

The chart below shows the rolling one-month volatility.