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Morningstar

Russell Inv Investment Grade Bond Y RFAYX

Morningstar Medalist Rating
Medalist Rating as of | See Russell Investments Investment Hub
  • NAV / 1-Day Return 18.42  /  +0.44 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.360%
  • Expense Ratio 0.360%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 10.0 Mil
  • Status Open
  • TTM Yield 3.87%
  • Effective Duration 6.31 years

USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 11:00 PM GMT+0

Morningstar’s Analysis RFAYX

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

  • People Pillar

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

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings RFAYX

More RFAYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 22.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Ultra 10 Year US Treasury Note Future Sept 24

10.02 144.3 Mil
Government

U.S. Cash Management Fund

9.49 136.7 Mil
Cash and Equivalents

2 Year Treasury Note Future Sept 24

6.54 94.1 Mil
Government

10 Year Treasury Note Future Sept 24

5.71 82.2 Mil
Government

5 Year Treasury Note Future Sept 24

3.29 47.4 Mil
Government

Long Gilt Futures

1.59 22.9 Mil
Government

Ultra US Treasury Bond Future Sept 24

1.48 21.3 Mil
Government

Federal National Mortgage Association 6.5%

1.41 20.4 Mil
Securitized

Federal National Mortgage Association 6%

1.39 20.0 Mil
Securitized

Gbp240712

1.23 17.7 Mil
Derivative