- ISIN
- US78250F3982
- Issuer
- Russell
- Inception Date
- Nov 12, 2019
- Category
- Global Bonds
- Min. Investment
- $10,000,000
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
RMHYX Performance Chart
Russell Investments Multifactor Bond Fund (RMHYX) is up 0.5% since the beginning of the year. RMHYX is currently trading at $8 per share. Investors who bought $1,000 worth of RMHYX shares 5 years ago would now be looking at an investment worth $974.
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Returns By Period
Russell Investments Multifactor Bond Fund (RMHYX) has returned 0.52% so far this year and 4.98% over the past 12 months.
Russell Investments Multifactor Bond Fund
- 1D
- 0.51%
- 1M
- 2.04%
- YTD
- 0.52%
- 6M
- 0.65%
- 1Y
- 4.98%
- 3Y*
- 3.04%
- 5Y*
- -0.53%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RMHYX Monthly Returns History
Based on dividend-adjusted daily data since Nov 13, 2019, RMHYX's average daily return is 0.00%, while the average monthly return is +0.03%. At this rate, an investment would double in approximately 192.6 years.
Historically, 49% of months were positive and 51% 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 44% 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%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.25% | 3.39% | -3.24% | -0.39% | 0.40% | 0.74% | 0.52% | ||||||
| 2025 | 0.65% | 3.81% | -0.19% | -0.04% | -1.91% | 2.19% | -0.68% | 1.12% | 1.88% | 0.96% | 0.72% | -1.16% | 7.48% |
| 2024 | -0.60% | -1.96% | 1.08% | -4.15% | 2.00% | 1.38% | 3.08% | 1.60% | 1.51% | -4.16% | 1.26% | -3.70% | -2.99% |
| 2023 | 2.69% | -1.75% | 1.78% | 0.62% | -0.74% | -0.37% | 0.13% | -0.25% | -4.02% | -3.14% | 6.22% | 5.84% | 6.66% |
| 2022 | -1.65% | -1.32% | -2.48% | -2.85% | -0.35% | -1.58% | 2.66% | -2.79% | -3.88% | -0.54% | 2.90% | -1.21% | -12.55% |
| 2021 | -0.49% | -1.66% | -0.30% | 0.20% | 0.30% | 0.79% | 1.28% | -0.29% | -0.97% | -0.49% | 0.70% | -0.58% | -1.53% |
Benchmark Metrics
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 13, 2019.
- This fund participated in 34.82% of S&P 500 Index downside but only 13.99% 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.
- Alpha
- -0.13%
- Beta
- 0.03
- R²
- 0.01
- Upside Capture
- 13.99%
- Downside Capture
- 34.82%
Expense Ratio
RMHYX has an expense ratio of 0.26%, which is considered low.
Return for Risk
Risk / Return Rank
RMHYX ranks 10 for risk / return — in the bottom 10% 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.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Russell Investments Multifactor Bond Fund (RMHYX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RMHYX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.25 | ||
| Sortino ratioReturn per unit of downside risk | -1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.37 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.92 | 2.78 | -1.87 |
| Martin ratioReturn relative to average drawdown | 2.48 | 12.44 | -9.96 |
Dividends
Dividend History
Russell Investments Multifactor Bond Fund provided a 4.26% dividend yield over the last twelve months, with an annual payout of $0.33 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.29 | $0.39 | $0.03 | $0.70 | $0.44 | $0.15 | $0.02 |
Dividend yield | 4.26% | 3.61% | 5.10% | 0.34% | 8.97% | 4.59% | 1.43% | 0.25% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.14 | ||||||
| 2025 | $0.00 | $0.01 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.29 |
| 2024 | $0.00 | $0.05 | $0.03 | $0.03 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.10 | $0.39 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.03 |
| 2022 | $0.00 | $0.00 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.02 | $0.59 | $0.70 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.44 | $0.44 |
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 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 6.20%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -21.15%Oct 2023 | 2y 10mo | — | 5y 6moDec 2020 - now |
COVID crash2020 | -7.86%Mar 2020 | 10d | 3mo 20d | 4moMar 2020 - Jul 2020 |
2020 pullback2020 | -0.95%Aug 2020 | 20d | 2mo 9d | 2mo 29dAug 2020 - Nov 2020 |
COVID crash2020 | -0.67%Feb 2020 | 2d | 15d | 17dFeb 2020 - Feb 2020 |
2019 pullback2019 | -0.60%Dec 2019 | 19d | 11d | 1moDec 2019 - Jan 2020 |
Drawdown Indicators
| RMHYX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.15% | -56.78% | +35.63% |
Max Drawdown (1Y)Largest decline over 1 year | -5.60% | -9.10% | +3.50% |
Max Drawdown (3Y)Largest decline over 3 years | -9.87% | -18.90% | +9.03% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -25.43% | +6.12% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -6.20% | -1.80% | -4.40% |
Average DrawdownAverage peak-to-trough decline | -8.42% | -10.71% | +2.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.07% | 2.03% | +0.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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