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.
Fund Family Russell
Category Muni National Interm
Performance Rating Above Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RBCUX
Share Class Class M
Index Bloomberg 1-15 Y Municipal Blend TR
RBCUX had a total return of 4.55% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.43%.
