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Morningstar

Russell Inv Tax-Exempt Bond A RTEAX

Morningstar Medalist Rating
Medalist Rating as of | See Russell Investments Investment Hub
  • NAV / 1-Day Return 21.95  /  0.00
  • Total Assets 5.3 Bil
  • Adj. Expense Ratio
    0.810%
  • Expense Ratio 0.810%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Muni National Interm
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 2.95%
  • Effective Duration 4.74 years

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

Morningstar’s Analysis RTEAX

Will RTEAX 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 RTEAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the RTEAX 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 RTEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Russell Inv Tax-Exempt Bond A 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
Rated on Published on

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Portfolio Holdings RTEAX

More RTEAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Us Dollar

1.59 83.9 Mil
Cash and Equivalents

MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.2644%

0.69 36.5 Mil
municipal

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

0.69 36.4 Mil
municipal

TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0.768%

0.63 33.1 Mil
municipal

BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 2.85%

0.46 24.1 Mil
municipal

ILLINOIS FIN AUTH REV 4.25%

0.46 24.0 Mil
municipal

INDIANA FIN AUTH HOSP REV 5%

0.45 23.6 Mil
municipal

NEW YORK N Y 5.25%

0.40 21.2 Mil
municipal

SALES TAX SECURITIZATION CORP ILL 5.5%

0.40 21.0 Mil
municipal

PUERTO RICO COMWLTH 5.625%

0.39 20.5 Mil
municipal