Russell Inv Tax-Exempt Bond A (RTEAX)
| Fund Assets | 5.98B |
| Expense Ratio | 0.80% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.73 |
| Dividend Yield | 3.18% |
| Dividend Growth | 7.75% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 3, 2025 |
| Previous Close | 21.97 |
| YTD Return | 2.19% |
| 1-Year Return | 1.32% |
| 5-Year Return | 5.14% |
| 52-Week Low | 21.07 |
| 52-Week High | 22.40 |
| Beta (5Y) | n/a |
| Holdings | 3538 |
| Inception Date | Jun 1, 2010 |
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.
Performance
RTEAX had a total return of 1.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.49%.
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
5.36% of assets| Name | Symbol | Weight |
|---|---|---|
| PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | PR.PRCGEN 4.33 07.01.2040 | 0.85% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.621% | GA.MAIUTL 12.01.2053 | 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 2.8% | WI.WISMED 02.15.2050 | 0.57% |
| MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.18% | MS.MSSDEV 12.01.2030 | 0.54% |
| TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.713% | TX.TXSUTL 09.15.2027 | 0.47% |
| SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5% | AL.SEEPWR 05.01.2055 | 0.46% |
| MAIN STR NAT GAS INC GA GAS SUPPLY REV 5% | GA.MAIUTL 05.01.2055 | 0.44% |
| BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.38% | AL.BBEUTL 04.01.2053 | 0.42% |
| EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.18% | LA.EASDEV 08.01.2035 | 0.40% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Sep 3, 2025 | $0.0604 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0605 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0557 | Jul 3, 2025 |
| Jun 3, 2025 | $0.0643 | Jun 4, 2025 |
| May 2, 2025 | $0.0604 | May 5, 2025 |
| Apr 2, 2025 | $0.0624 | Apr 3, 2025 |