About RTEAX
Russell Investments Tax-Exempt Bond Fund Class A is an actively managed municipal bond mutual fund designed to deliver federal tax‑exempt current income while emphasizing preservation of capital. The fund follows a policy of investing at least 80% of assets in securities whose interest is exempt from federal income tax, with flexibility to hold a limited allocation to municipals subject to federal tax when appropriate. It targets the intermediate segment of the muni market, aligning with a Bloomberg 1–15 Year municipal benchmark, and typically maintains thousands of holdings to diversify issuer, sector, and state exposures. Russell Investments employs a multi‑manager structure, prominently allocating to specialist managers such as Goldman Sachs Asset Management and MacKay Shields, complemented by Russell Investment Management for liquidity and implementation. Key fund characteristics disclosed recently include multi‑billion‑dollar assets, moderate portfolio turnover, and monthly income distributions reflecting the tax‑exempt objective. Within the U.S. fixed income landscape, the fund serves tax‑sensitive investors seeking municipal bond exposure across essential-service revenue bonds, general obligation bonds, and related sectors, aiming to balance income efficiency with risk control.
Fund Family Russell
Category Muni National Interm
Performance Rating Average
Risk Rating Below Average
Stock Exchange NASDAQ
Ticker Symbol RTEAX
Share Class Class A
Index Bloomberg 1-15 Y Municipal Blend TR
RTEAX had a total return of -1.84% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.24%.
