Russell Inv Investment Grade Bond Y (RFAYX)

Fund Assets	1.01B
Expense Ratio	0.35%
Min. Investment	$10,000,000
Turnover	82.00%
Dividend (ttm)	0.99
Dividend Yield	5.52%
Dividend Growth	10.89%
Payout Frequency	Monthly
Ex-Dividend Date	Aug 4, 2026

Previous Close	17.93
YTD Return	0.24%
1-Year Return	2.50%
5-Year Return	-3.36%
52-Week Low	17.81
52-Week High	18.78
Beta (5Y)	0.07
Holdings	898
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.

• Fund Family: Russell
• Category: Intermediate Core Bond
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: RFAYX
• Share Class: Class Y
• Index: Bloomberg U.S. Aggregate Bond TR

Performance

RFAYX had a total return of 2.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.28%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
RIGRX	Class R6	0.38%
RIWTX	Class M	0.41%
RFATX	Class S	0.51%
RFAAX	Class A	0.80%

Dividend History

Ex-Dividend	Amount	Pay Date
Aug 4, 2026	$0.0719	Aug 5, 2026
Jul 2, 2026	$0.062	Jul 6, 2026
Jun 2, 2026	$0.0629	Jun 3, 2026
May 4, 2026	$0.0706	May 5, 2026
Apr 2, 2026	$0.0682	Apr 6, 2026
Mar 3, 2026	$0.0573	Mar 4, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

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