Russell Inv Tax-Exempt High Yield Bd M (RHYTX)
| Fund Assets | 2.37B |
| Expense Ratio | 0.55% |
| Min. Investment | $0.00 |
| Turnover | 16.00% |
| Dividend (ttm) | 0.39 |
| Dividend Yield | 4.01% |
| Dividend Growth | -9.70% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 17, 2025 |
| Previous Close | 9.67 |
| YTD Return | 2.52% |
| 1-Year Return | 2.94% |
| 5-Year Return | 6.75% |
| 52-Week Low | 8.98 |
| 52-Week High | 9.70 |
| Beta (5Y) | n/a |
| Holdings | 2993 |
| 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 2.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.63%.
Top 10 Holdings
14.01% of assets| Name | Symbol | Weight |
|---|---|---|
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund - U.S. Cash Management Fund | n/a | 7.89% |
| Buckeye Tobacco Settlement Financing Authority - BUCKEYE OH TOBACCO SETTLEMENT FING AUTH | OH.BUCGEN 5 06.01.2055 | 1.14% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue - PUERTO RICO SALES TAX FING COR PRCGEN 07/46 ZEROCPNOID 0 | PR.PRCGEN 0 07.01.2046 | 0.96% |
| Puerto Rico Sales Tax Financing Corp Sales Tax Revenue - PUERTO RICO SALES TAX FING COR PRCGEN 07/58 FIXED OID 5 | PR.PRCGEN 5 07.01.2058 | 0.88% |
| Connecticut State Health & Educational Facilities Authority - CONNECTICUT ST HLTH & EDUCTNL FACS AUTH REVENUE | CT.CTSHGR 07.01.2042 | 0.63% |
| Public Finance Authority - PUBLIC FIN AUTH WI TOLL REVENUE | WI.PUBTRN 6.5 12.31.2065 | 0.58% |
| Health & Educational Facilities Authority of the State of Missouri - MISSOURI ST HLTH & EDUCTNL FACS AUTH | n/a | 0.51% |
| Puerto Rico Commonwealth Aqueduct & Sewer Authority - PUERTO RICO CMWLTH AQUEDUCT & SWR AUTH REVENUE | PR.PRCUTL 5 07.01.2047 | 0.50% |
| New York Liberty Development Corp - NEW YORK ST LIBERTY DEV CORP L NYCDEV 11/44 FIXED 5 | NY.NYCDEV 5 11.15.2044 | 0.49% |
| New York State Thruway Authority - NEW YORK ST THRUWAY AUTH PERSONAL INCOME TAX REVENUE | NY.NYSTRN 4 03.15.2039 | 0.43% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 17, 2025 | $0.0102 | Dec 18, 2025 |
| Dec 2, 2025 | $0.0293 | Dec 3, 2025 |
| Nov 4, 2025 | $0.0351 | Nov 5, 2025 |
| Oct 2, 2025 | $0.0363 | Oct 3, 2025 |
| Sep 3, 2025 | $0.0372 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0368 | Aug 5, 2025 |