Russell Inv Tax-Exempt Bond A (RTEAX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
22.03
+0.02 (0.09%)
Sep 17, 2025, 4:00 PM EDT
0.09%
Fund Assets5.98B
Expense Ratio0.80%
Min. Investment$0.00
Turnover39.00%
Dividend (ttm)0.73
Dividend Yield3.17%
Dividend Growth7.75%
Payout FrequencyMonthly
Ex-Dividend DateSep 3, 2025
Previous Close22.01
YTD Return2.42%
1-Year Return1.55%
5-Year Return5.33%
52-Week Low21.07
52-Week High22.40
Beta (5Y)n/a
Holdings3538
Inception DateJun 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.

Fund Family Russell
Category Muni National Interm
Stock Exchange NASDAQ
Ticker Symbol RTEAX
Share Class Class A
Index Bloomberg 1-15 Y Municipal Blend TR

Performance

RTEAX had a total return of 1.55% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.51%.

Equivalent Funds

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

SymbolProviderNameExpense Ratio
VWITXVanguardVanguard Interm-Term Tx-Ex Inv0.17%

Other Share Classes

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

SymbolShare ClassExpense Ratio
RBCUXClass M0.41%
RLVSXClass S0.51%
RTECXClass C1.51%

Top 10 Holdings

5.36% of assets
NameSymbolWeight
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%PR.PRCGEN 4.33 07.01.20400.85%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.621%GA.MAIUTL 12.01.20530.61%
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%KY.KYSPWR 01.01.20550.61%
WISCONSIN ST HEALTH & EDL FACS AUTH REV 2.8%WI.WISMED 02.15.20500.57%
MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.18%MS.MSSDEV 12.01.20300.54%
TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 3.713%TX.TXSUTL 09.15.20270.47%
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%AL.SEEPWR 05.01.20550.46%
MAIN STR NAT GAS INC GA GAS SUPPLY REV 5%GA.MAIUTL 05.01.20550.44%
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 3.38%AL.BBEUTL 04.01.20530.42%
EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 0.18%LA.EASDEV 08.01.20350.40%
View More Holdings

Dividend History

Ex-DividendAmountPay Date
Sep 3, 2025$0.0604Sep 4, 2025
Aug 4, 2025$0.0605Aug 5, 2025
Jul 2, 2025$0.0557Jul 3, 2025
Jun 3, 2025$0.0643Jun 4, 2025
May 2, 2025$0.0604May 5, 2025
Apr 2, 2025$0.0624Apr 3, 2025
Full Dividend History