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.
Russell Inv Tax-Exempt Bond A RTEAX
- NAV / 1-Day Return 22.15 / +0.05 %
- Total Assets 5.3 Bil
-
Adj. Expense Ratio
- 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 Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 11:06 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.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 5.0
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Us Dollar | 1.88 | 98.0 Mil | Cash and Equivalents |
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.329% | 0.70 | 36.7 Mil | municipal |
MAIN STR NAT GAS INC GA GAS SUPPLY REV 5.2577% | 0.70 | 36.6 Mil | municipal |
TEXAS MUN GAS ACQUISITION & SUPPLY CORP II GAS SUPPLY REV 0.768% | 0.58 | 30.1 Mil | municipal |
BLACK BELT ENERGY GAS DIST ALA GAS PROJ REV 2.85% | 0.46 | 24.0 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% | 0.41 | 21.2 Mil | municipal |
SALES TAX SECURITIZATION CORP ILL 5.5% | 0.41 | 21.2 Mil | municipal |
MISSISSIPPI BUSINESS FIN CORP MISS GULF OPPORTUNITY ZONE 0.18% | 0.40 | 20.9 Mil | municipal |