Russell Inv Tax-Exempt Bond C (RTECX)
| Fund Assets | 5.98B |
| Expense Ratio | 1.51% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 2.63% |
| Dividend Growth | 9.88% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Sep 3, 2025 |
| Previous Close | 21.82 |
| YTD Return | 1.77% |
| 1-Year Return | 0.75% |
| 5-Year Return | 1.57% |
| 52-Week Low | 20.93 |
| 52-Week High | 22.24 |
| Beta (5Y) | n/a |
| Holdings | 3538 |
| Inception Date | Mar 29, 1999 |
About RTECX
Russell Investments Tax-Exempt Bond Fund Class C is an open-end municipal bond mutual fund designed to deliver federal tax‑exempt current income while emphasizing preservation of capital. The fund primarily invests in investment‑grade municipal securities issued by state and local governments and related entities, providing income that is generally exempt from U.S. federal income tax. Positioned in the muni national intermediate category, it targets a portfolio duration typically in the 4–6 year range, aligning with intermediate‑term exposure to interest‑rate movements. Management employs a multi‑manager approach and broad diversification across states, sectors, and issuers to balance income generation with risk control. The fund distributes income on a monthly basis and has a long operating history dating back to 1999, offering investors a seasoned vehicle for tax‑efficient fixed income allocation. Its benchmark alignment has included intermediate municipal bond indices, reinforcing its focus on core, high‑quality tax‑exempt holdings within a diversified fixed income strategy.
Performance
RTECX had a total return of 0.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.25%.
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 | $0.0469 | Sep 4, 2025 |
| Aug 4, 2025 | $0.0479 | Aug 5, 2025 |
| Jul 2, 2025 | $0.0436 | Jul 3, 2025 |
| Jun 3, 2025 | $0.051 | Jun 4, 2025 |
| May 2, 2025 | $0.0478 | May 5, 2025 |
| Apr 2, 2025 | $0.0498 | Apr 3, 2025 |