Russell Investments Tax-Exempt High Yield Bond Fund (RTHAX)
The fund invests at least 80% of the value of its net assets plus borrowings for investment purposes in fixed income investments the income from which is exempt from federal income tax. It invests principally in municipal debt obligations providing federal tax-exempt interest income, but 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, including the alternative minimum tax.
Fund Info
ISIN | US78249R1564 |
---|---|
Issuer | Russell |
Inception Date | May 31, 2015 |
Category | High Yield Muni |
Min. Investment | $0 |
Asset Class | Bond |
Expense Ratio
RTHAX features an expense ratio of 0.89%, 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 Tax-Exempt High Yield 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 High Yield Bond Fund had a return of 5.93% year-to-date (YTD) and 11.65% in the last 12 months.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 5.93% | 17.79% |
1 month | 1.29% | 0.18% |
6 months | 4.54% | 7.53% |
1 year | 11.65% | 26.42% |
5 years (annualized) | 1.85% | 13.48% |
10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of RTHAX, 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 | 0.41% | 0.48% | 0.53% | -1.40% | 0.57% | 2.32% | 0.90% | 0.81% | 5.93% | ||||
2023 | 4.12% | -2.74% | 1.66% | 0.46% | -0.52% | 1.21% | 0.41% | -1.52% | -3.40% | -2.20% | 7.46% | 3.14% | 7.79% |
2022 | -2.56% | -0.99% | -3.46% | -4.00% | 1.24% | -3.58% | 3.70% | -2.50% | -5.51% | -1.74% | 5.97% | -0.52% | -13.62% |
2021 | 1.90% | -1.11% | 0.95% | 1.29% | 0.92% | 0.93% | 0.84% | -0.46% | -0.90% | -0.40% | 1.30% | 0.19% | 5.54% |
2020 | 1.91% | 1.92% | -9.26% | -2.98% | 3.13% | 3.40% | 2.16% | -0.01% | -0.13% | 0.09% | 2.52% | 1.74% | 3.84% |
2019 | 0.58% | 0.97% | 2.19% | 0.76% | 1.42% | 0.49% | 0.62% | 1.61% | -0.29% | 0.16% | 0.23% | 0.68% | 9.82% |
2018 | -0.19% | -0.16% | 0.94% | 0.23% | 1.58% | 0.50% | 0.57% | 0.61% | -0.55% | -1.44% | 0.36% | 0.76% | 3.21% |
2017 | 0.80% | 1.28% | 0.58% | 0.88% | 1.63% | 0.09% | 0.56% | 1.30% | -0.10% | -0.48% | 0.22% | 1.16% | 8.19% |
2016 | 1.08% | 0.43% | 1.27% | 1.11% | 0.86% | 2.23% | 0.19% | 0.64% | 0.20% | -1.42% | -4.72% | 0.32% | 2.04% |
2015 | -0.70% | 0.42% | 0.07% | 1.02% | 1.28% | 0.62% | 1.09% | 3.86% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RTHAX is 67, 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 High Yield Bond Fund (RTHAX) 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 High Yield Bond Fund granted a 3.90% dividend yield in the last twelve months. The annual payout for that period amounted to $0.39 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.39 | $0.39 | $0.34 | $0.32 | $0.34 | $0.39 | $0.40 | $0.36 | $0.41 | $0.19 |
Dividend yield | 3.90% | 3.97% | 3.64% | 2.80% | 3.10% | 3.51% | 3.86% | 3.44% | 4.06% | 1.88% |
Monthly Dividends
The table displays the monthly dividend distributions for Russell Investments Tax-Exempt High Yield 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 | $0.02 | $0.02 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.25 | |||
2023 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.08 | $0.39 |
2022 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.07 | $0.34 |
2021 | $0.00 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.05 | $0.32 |
2020 | $0.00 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.34 |
2019 | $0.00 | $0.03 | $0.03 | $0.05 | $0.02 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.06 | $0.39 |
2018 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.08 | $0.40 |
2017 | $0.00 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.06 | $0.36 |
2016 | $0.00 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.08 | $0.41 |
2015 | $0.01 | $0.03 | $0.03 | $0.03 | $0.03 | $0.06 | $0.19 |
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 High Yield 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 High Yield Bond Fund was 18.89%, occurring on Oct 25, 2022. The portfolio has not yet recovered.
The current Russell Investments Tax-Exempt High Yield Bond Fund drawdown is 1.73%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-18.89% | Jul 29, 2021 | 314 | Oct 25, 2022 | — | — | — |
-16.29% | Mar 2, 2020 | 15 | Mar 20, 2020 | 199 | Jan 4, 2021 | 214 |
-6.55% | Oct 4, 2016 | 42 | Dec 1, 2016 | 159 | Jul 21, 2017 | 201 |
-2.39% | Aug 27, 2018 | 51 | Nov 6, 2018 | 64 | Feb 11, 2019 | 115 |
-2.33% | Jan 25, 2021 | 23 | Feb 25, 2021 | 49 | May 6, 2021 | 72 |
Volatility
Volatility Chart
The current Russell Investments Tax-Exempt High Yield Bond Fund volatility is 0.47%, 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.