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Morningstar

Russell Inv Investment Grade Bond A RFAAX

Morningstar Medalist Rating
Medalist Rating as of | See Russell Investments Investment Hub
  • NAV / 1-Day Return 17.88  /  +0.17 %
  • Total Assets 1.0 Bil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 3.37%
  • Effective Duration 6.33 years

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 11:01 PM GMT+0

Morningstar’s Analysis RFAAX

Will RFAAX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RFAAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RFAAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of RFAAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in Russell Inv Investment Grade Bond A's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings RFAAX

More RFAAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 20.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

U.S. Cash Management Fund

10.26 155.1 Mil
Cash and Equivalents

Ultra 10 Year US Treasury Note Future June 24

9.35 141.4 Mil
Government

10 Year Treasury Note Future June 24

5.85 88.4 Mil
Government

5 Year Treasury Note Future June 24

5.34 80.7 Mil
Government

2 Year Treasury Note Future June 24

2.28 34.6 Mil
Government

Ultra US Treasury Bond Future June 24

1.65 24.9 Mil
Government

Long Gilt Futures

1.55 23.5 Mil
Government

Federal National Mortgage Association 6.5%

1.35 20.4 Mil
Securitized

Federal National Mortgage Association 6%

1.33 20.1 Mil
Securitized

United States Treasury Bonds 6.75%

1.24 18.7 Mil
Government