Russell Inv Tax-Exempt High Yield Bd M (RHYTX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD

9.32

+0.03 (0.32%)

At close: Sep 17, 2026

Fund Assets	2.17B
Expense Ratio	0.55%
Min. Investment	$0.00
Turnover	22.00%
Dividend (ttm)	0.45
Dividend Yield	4.78%
Dividend Growth	2.27%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 2, 2026

Previous Close	9.29
YTD Return	-0.33%
1-Year Return	0.71%
5-Year Return	0.68%
52-Week Low	9.29
52-Week High	9.83
Beta (5Y)	0.14
Holdings	2981
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.

Fund Family Russell

Category High Yield Muni

Performance Rating Average

Risk Rating Average

Stock Exchange NASDAQ

Ticker Symbol RHYTX

Share Class Class M

Index Index is not available on Lipper Database

Performance

RHYTX had a total return of 0.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.86%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
RTHSX	Class S	0.62%
RTHAX	Class A	0.90%
RTHCX	Class C	1.65%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 2, 2026	$0.0338	Sep 3, 2026
Aug 4, 2026	$0.0381	Aug 5, 2026
Jul 2, 2026	$0.0347	Jul 6, 2026
Jun 2, 2026	$0.036	Jun 3, 2026
May 4, 2026	$0.0402	May 5, 2026
Apr 2, 2026	$0.0407	Apr 6, 2026

Full Dividend History