Russell Investments Tax-Exempt Bond Fund Class A RTEAX

Medalist Rating as of Sep 30, 2026 See Russell Investments Investment Hub

NAV / 1-Day Return$21.54 / +0.05%
Fund Size$7.2B
Adjusted Expense Ratio0.800%
Net Expense Ratio0.800%
Fee Level: DistributionAbove Average
Share Class TypeFront Load
Morningstar CategoryMuni National Intermediate
Fixed-Income Style Box (Funds)Medium/Moderate
Minimum Initial Investment$0
Investment StatusOpen
TTM Yield3.27%
Average Effective Duration5.74 yrs

NAV and 1-Day Return as of Nov 12, 2026, 1:11:06 AM

Will RTEAX outperform in the future?

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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.

Morningstar Automated Analysis

Summary

Russell Inv Tax-Exempt Bond A holds a quantitatively derived Negative Morningstar Medalist Rating. The rating indicates the model sees limited potential for the strategy to outperform peers on a risk-adjusted basis over a full market cycle.

by Morningstar Automated Analysis

Rated on Sep 30, 2026 Published on Oct 27, 2026

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Portfolio Holdings RTEAX

More RTEAX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings4.8

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
Us Dollar	1.03	73M	Cash and Equivalents
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%	0.79	56M	municipal
ROCHESTER MINN HEALTH CARE FACS REV 2.65%	0.54	38M	municipal
NEW JERSEY HEALTH CARE FACS FING AUTH REV 2.8%	0.53	38M	municipal
MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.145%	0.50	35M	municipal
KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%	0.48	34M	municipal
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%	0.46	32M	municipal
CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 3.888%	0.41	29M	municipal
EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 2.95%	0.40	28M	municipal
SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%	0.37	26M	municipal

Russell Investments Tax-Exempt Bond Fund Class A RTEAX

Morningstar’s Analysis RTEAX

Will RTEAX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings RTEAX

Us Dollar

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329%

ROCHESTER MINN HEALTH CARE FACS REV 2.65%

NEW JERSEY HEALTH CARE FACS FING AUTH REV 2.8%

MAIN STR NAT GAS INC GA GAS SUPPLY REV 4.145%

KENTUCKY INC KY PUB ENERGY AUTH GAS SUPLLY REV 5%

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

CALIFORNIA CMNTY CHOICE FING AUTH CLEAN ENERGY PROJ REV 3.888%

EAST BATON ROUGE PARISH LA INC INDL DEV BRD REV 2.95%

SOUTHEAST ENERGY AUTH COOP DIST ALA ENERGY SUPPLY REV 5%

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