Russell Investments Tax-Exempt Bond Fund (RBCUX)
| Fund Assets | 5.98B |
| Expense Ratio | 0.41% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.81 |
| Dividend Yield | 3.70% |
| Dividend Growth | 6.94% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 3, 2025 |
| Previous Close | 21.88 |
| YTD Return | 2.09% |
| 1-Year Return | 1.40% |
| 5-Year Return | 6.83% |
| 52-Week Low | 20.99 |
| 52-Week High | 22.31 |
| Beta (5Y) | n/a |
| Holdings | 3538 |
| Inception Date | Mar 16, 2017 |
About RBCUX
Russell Investments Tax-Exempt Bond Fund Class M is an open-end municipal bond mutual fund focused on delivering federally tax-exempt income. The fund primarily invests at least 80% of assets in municipal securities whose interest is exempt from federal income tax, with flexibility to allocate a smaller portion to taxable municipal debt when warranted. Positioned in the Muni National Intermediate category, it targets a balanced profile of credit quality and interest-rate sensitivity, reflected in a medium credit quality and moderate duration approach. The portfolio is broadly diversified across thousands of holdings, spanning general obligation, revenue, and essential-service financings that support sectors such as local infrastructure, utilities, transportation, healthcare, and education. Managed within Russell Investments’ multi-manager framework, the strategy emphasizes cost efficiency with a below-average fee profile relative to peers and distributes income on a monthly basis. Its role in the market is to provide investors with a core, tax-advantaged fixed income allocation that seeks consistent income while maintaining intermediate interest-rate exposure and diversified municipal credit risk.
Performance
RBCUX had a total return of 1.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.28%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Interm-Term Tx-Ex Inv | 0.17% |
Top 10 Holdings
5.36% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.85% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.621% | GA.MAIUTL 12.01.2053 | 0.61% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5% | KY.KYSPWR 01.01.2055 | 0.61% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 2.8% | WI.WISMED 02.15.2050 | 0.57% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.18% | MS.MSSDEV 12.01.2030 | 0.54% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.713% | TX.TXSUTL 09.15.2027 | 0.47% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 05.01.2055 | 0.46% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 0.44% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.38% | AL.BBEUTL 04.01.2053 | 0.42% |
| EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.18% | LA.EASDEV 08.01.2035 | 0.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 3, 2025 | $0.0673 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0674 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0623 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0716 | Jun 4, 2025 |
| May 2, 2025 | $0.068 | May 5, 2025 |
| Apr 2, 2025 | $0.0691 | Apr 3, 2025 |