Russell Investments Investment Grade Bond Fund Class Y (RFAYX)
| Fund Assets | 1.01B |
| Expense Ratio | 0.35% |
| Min. Investment | $10,000,000 |
| Turnover | 77.00% |
| Dividend (ttm) | 0.89 |
| Dividend Yield | 4.84% |
| Dividend Growth | 25.08% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 2, 2025 |
| Previous Close | 18.33 |
| YTD Return | 4.92% |
| 1-Year Return | 4.55% |
| 5-Year Return | -5.09% |
| 52-Week Low | 17.73 |
| 52-Week High | 19.11 |
| Beta (5Y) | n/a |
| Holdings | 832 |
| Inception Date | Oct 15, 1981 |
About RFAYX
Russell Investments Investment Grade Bond Fund Class Y is a mutual fund that primarily invests in investment-grade fixed-income securities with the objective of providing current income and preserving capital. Its strategy focuses on delivering effective diversification relative to equities while maintaining a stable cash flow, making it a core holding within an intermediate-term bond portfolio. The fund typically allocates at least 80% of its assets to investment grade bonds and equivalent fixed-income instruments, which may include government, corporate, and securitized debt. It also employs derivatives such as futures contracts to manage interest rate and credit exposure. The portfolio’s average duration and maturity are managed to align closely with key aggregate bond benchmarks. Notable features include a broad range of holdings, monthly dividend distributions, and a sizable asset base. By providing exposure to a diverse set of high-quality U.S. and global fixed-income markets, the fund plays an important role as a ballast in diversified investment strategies, contributing to reduced overall portfolio volatility and delivering income in varying market environments.
Performance
RFAYX had a total return of 4.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.31%.
Top 10 Holdings
33.66% of assets| Name | Symbol | Weight |
|---|---|---|
| Ultra 10 Year US Treasury Note Future Sept 25 | n/a | 10.88% |
| U.S. Cash Management Fund | n/a | 6.46% |
| 10 Year Treasury Note Future Sept 25 | n/a | 4.43% |
| 2 Year Treasury Note Future Sept 25 | n/a | 4.12% |
| 5 Year Treasury Note Future Sept 25 | n/a | 2.32% |
| Ultra US Treasury Bond Future Sept 25 | n/a | 1.98% |
| United States Treasury Notes 4.375% | T.4.375 07.31.26 | 0.90% |
| US Treasury Bond Future Sept 25 | n/a | 0.90% |
| Government National Mortgage Association 5.5% | G2SF.5.5 6.11 | 0.85% |
| Government National Mortgage Association 6% | G2.MB0367 | 0.82% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 2, 2025 | $0.0567 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0661 | Jun 4, 2025 |
| May 2, 2025 | $0.062 | May 5, 2025 |
| Apr 2, 2025 | $0.0621 | Apr 3, 2025 |
| Mar 4, 2025 | $0.0564 | Mar 5, 2025 |
| Feb 4, 2025 | $0.0214 | Feb 5, 2025 |