Russell Inv Tax-Exempt Bond S (RLVSX)

Fund Assets	7.05B
Expense Ratio	0.51%
Min. Investment	$0.00
Turnover	45.00%
Dividend (ttm)	0.76
Dividend Yield	3.68%
Dividend Growth	-4.04%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 2, 2026

Previous Close	20.65
YTD Return	-2.58%
1-Year Return	-1.50%
5-Year Return	2.21%
52-Week Low	20.59
52-Week High	22.27
Beta (5Y)	0.06
Holdings	3764
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.

• Fund Family: Russell
• Category: Muni National Interm
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: RLVSX
• Share Class: Class S
• Index: Bloomberg 1-15 Y Municipal Blend TR

Performance

RLVSX had a total return of -1.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.20%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VWITX	Vanguard	Vanguard Intermediate-Term Tax-Exempt Fund Investor Shares	0.17%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
RBCUX	Class M	0.41%
RTEAX	Class A	0.80%
RTECX	Class C	1.51%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 2, 2026	$0.0638	Oct 5, 2026
Sep 2, 2026	$0.0591	Sep 3, 2026
Aug 4, 2026	$0.0654	Aug 5, 2026
Jul 2, 2026	$0.0604	Jul 6, 2026
Jun 2, 2026	$0.0626	Jun 3, 2026
May 4, 2026	$0.0696	May 5, 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:

Oct 12, 2026

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