Russell Investments Investment Grade Bond Fund (RFAAX)
| Fund Assets | 1.03B |
| Expense Ratio | 0.80% |
| Min. Investment | $10,000,000 |
| Turnover | 77.00% |
| Dividend (ttm) | 0.83 |
| Dividend Yield | 4.29% |
| Dividend Growth | 32.01% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 3, 2025 |
| Previous Close | 18.44 |
| YTD Return | 5.28% |
| 1-Year Return | 2.31% |
| 5-Year Return | -5.87% |
| 52-Week Low | 17.69 |
| 52-Week High | 19.06 |
| Beta (5Y) | n/a |
| Holdings | 862 |
| Inception Date | Jun 1, 2010 |
About RFAAX
Russell Investments Investment Grade Bond Fund Class A is a mutual fund specializing in investment-grade fixed-income securities. Its primary purpose is to generate current income while preserving capital by investing at least 80% of its assets in high-quality U.S. bonds, including government, corporate, and securitized debt instruments. The fund targets an average weighted maturity that typically aligns with the broader U.S. bond market, making it suitable for investors seeking moderate interest-rate risk and diversification away from equities. Notable features include a broad portfolio of over 800 securities and regular monthly dividend payouts, supporting a steady cash flow for investors. With a focus on intermediate-term bonds, the fund maintains a portfolio duration around six years and reflects exposure to sectors such as U.S. Treasuries, agency mortgage-backed securities, and investment-grade corporates. Managed by Russell Investments, this fund is often used as a core fixed-income holding within diversified investment strategies, given its emphasis on credit quality and role as a potential stabilizer during equity market volatility.
Performance
RFAAX had a total return of 2.31% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.93%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
Top 10 Holdings
35.25% of assets| Name | Symbol | Weight |
|---|---|---|
| Ultra 10 Year US Treasury Note Future Sept 25 | n/a | 10.24% |
| U.S. Cash Management Fund | n/a | 6.94% |
| 10 Year Treasury Note Future Sept 25 | n/a | 5.24% |
| 2 Year Treasury Note Future Sept 25 | n/a | 4.59% |
| 5 Year Treasury Note Future Sept 25 | n/a | 2.82% |
| Ultra US Treasury Bond Future Sept 25 | n/a | 2.17% |
| 10 Year Australian Treasury Bond Future Sept 25 | n/a | 0.86% |
| United States Treasury Notes 4.375% | T.4.375 07.31.26 | 0.83% |
| Government National Mortgage Association 5.5% | G2SF.5.5 8.11 | 0.79% |
| Government National Mortgage Association 6% | G2.MB0367 | 0.77% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 3, 2025 | $0.0631 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0639 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0502 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0591 | Jun 4, 2025 |
| May 2, 2025 | $0.0552 | May 5, 2025 |
| Apr 2, 2025 | $0.0556 | Apr 3, 2025 |