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Morningstar

Russell Inv Investment Grade Bond A RFAAX

Morningstar Analyst Rating
Quantitative rating as of | See Russell Investments Investment Hub
  • NAV / 1-Day Return 18.83  /  0.84 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.770%
  • Expense Ratio 0.770%
  • Distribution Fee Level Average
  • Share Class Type Front Load
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Moderate
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 0.91%
  • Effective Duration 6.47 years

USD | NAV as of Feb 03, 2023 | 1-Day Return as of Feb 03, 2023, 11:56 PM GMT+00:00

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.

Summary

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The combination of a middling Process Pillar rating and a Below Average People Pillar rating limit Russell Inv Investment Grade Bond A to a Morningstar Quantitative Rating of Negative. 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.

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