Russell Inv Tax-Exempt Bond S (RLVSX)
| Fund Assets | 6.12B |
| Expense Ratio | 0.51% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.80 |
| Dividend Yield | 3.63% |
| Dividend Growth | 7.81% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Oct 2, 2025 |
| Previous Close | 21.93 |
| YTD Return | 2.67% |
| 1-Year Return | 1.97% |
| 5-Year Return | 7.02% |
| 52-Week Low | 20.98 |
| 52-Week High | 22.18 |
| Beta (5Y) | n/a |
| Holdings | 3532 |
| Inception Date | Sep 5, 1985 |
About RLVSX
Russell Investments Tax-Exempt Bond Fund Class S is an actively managed municipal bond mutual fund designed to provide federal tax‑exempt current income while emphasizing capital preservation. The fund invests primarily in investment‑grade debt issued by state and local governments and related agencies, diversifying across many issuers, sectors, and geographies typical of the muni national intermediate category. Its portfolio construction targets an intermediate interest‑rate profile, with an effective duration around five years and an average maturity near ten years, positioning it between short and long municipal strategies. The strategy employs a multi‑manager approach under Russell Investments’ oversight, blending specialist managers to balance credit quality, liquidity, and yield considerations. In the market ecosystem, the fund serves tax‑sensitive investors seeking consistent tax‑exempt income and broad municipal exposure, with characteristics and risk anchored to mainstream municipal benchmarks. The vehicle’s scale, large number of holdings, and ongoing portfolio turnover support broad diversification and manager flexibility in navigating credit cycles and rate environments.
Performance
RLVSX had a total return of 1.97% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.29%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VWITX | Vanguard | Vanguard Interm-Term Tx-Ex Inv | 0.17% |
Top 10 Holdings
5.50% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.82% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.6212% | GA.MAIUTL 12.01.2053 | 0.62% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.18% | MS.MSSDEV 12.01.2030 | 0.61% |
| KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5% | KY.KYSPWR 01.01.2055 | 0.61% |
| WISCONSIN ST HEALTH & EDL FACS AUTH REV 3.85% | WI.WISMED 02.15.2050 | 0.53% |
| Us Dollar | n/a | 0.49% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 05.01.2055 | 0.46% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.739% | TX.TXSUTL 09.15.2027 | 0.46% |
| METROPOLITAN TRANSN AUTH N Y REV 3.9% | NY.MTATRN 11.15.2050 | 0.45% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 0.45% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Oct 2, 2025 | $0.0635 | Oct 3, 2025 |
| Sep 3, 2025 | $0.0655 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0656 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0606 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0697 | Jun 4, 2025 |
| May 2, 2025 | $0.0661 | May 5, 2025 |