Russell Inv Tax-Exempt High Yield Bd M (RHYTX)
| Fund Assets | 2.18B |
| Expense Ratio | 0.55% |
| Min. Investment | $0.00 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.44 |
| Dividend Yield | 4.51% |
| Dividend Growth | 2.59% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 3, 2025 |
| Previous Close | 9.66 |
| YTD Return | 0.35% |
| 1-Year Return | -0.77% |
| 5-Year Return | 8.87% |
| 52-Week Low | 9.26 |
| 52-Week High | 10.16 |
| Beta (5Y) | n/a |
| Holdings | 2957 |
| Inception Date | Mar 16, 2017 |
About RHYTX
Russell Investments Tax-Exempt High Yield Bond Fund Class M is an open-end municipal bond fund designed to deliver a high level of current income that is exempt from federal income tax, with total return as a secondary objective. The fund primarily invests in lower- and non-investment-grade municipal debt, allocating at least 80% of net assets to tax-exempt fixed income securities, which positions it within the high yield municipal category. It employs a multi-manager approach overseen by Russell Investment Management, allocating mandates to specialist managers such as Goldman Sachs Asset Management and MacKay Shields to exploit inefficiencies across sectors, states, and the municipal yield curve. The portfolio is broadly diversified across thousands of holdings, with the vast majority in bonds and a small liquidity sleeve in cash. Regular monthly distributions support the fund’s income focus, reflecting its role for tax-sensitive investors seeking municipal high yield exposure. Key structural features include professional oversight, benchmark-aware construction against a blended Bloomberg municipal high yield and investment-grade index, and an emphasis on credit research-driven security selection.
Performance
RHYTX had a total return of -0.77% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.
Top 10 Holdings
10.51% of assets| Name | Symbol | Weight |
|---|---|---|
| U.S. Cash Management Fund | n/a | 3.68% |
| BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5% | OH.BUCGEN 5 06.01.2055 | 1.56% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV | PR.PRCGEN 0 07.01.2046 | 0.96% |
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 5% | PR.PRCGEN 5 07.01.2058 | 0.93% |
| LOS ANGELES CALIF DEPT WTR & PWR WTRWKS REV 4% | CA.LOSUTL 07.01.2051 | 0.77% |
| NEW YORK LIBERTY DEV CORP LIBERTY REV 5% | NY.NYCDEV 5 11.15.2044 | 0.58% |
| NEW YORK TRANSN DEV CORP SPL FAC REV 5.5% | NY.NYTTRN 5.5 06.30.2054 | 0.57% |
| PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5% | PR.PRCUTL 5 07.01.2047 | 0.52% |
| FLORIDA DEV FIN CORP REV 12% | FL.FLSDEV 07.15.2032 | 0.49% |
| NEW YORK ST TWY AUTH ST PERS INCOME TAX REV 4% | NY.NYSTRN 4 03.15.2039 | 0.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 3, 2025 | $0.0372 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0368 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0354 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0391 | Jun 4, 2025 |
| May 2, 2025 | $0.0377 | May 5, 2025 |
| Apr 2, 2025 | $0.0379 | Apr 3, 2025 |