Russell Investments Tax-Exempt High Yield Bond Fund Class A RTHAX

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

NAV / 1-Day Return$9.39 / 0.00
Fund Size$2.1B
Adjusted Expense Ratio0.890%
Net Expense Ratio0.890%
Fee Level: DistributionHigh
Share Class TypeFront Load
Morningstar CategoryHigh Yield Muni
Fixed-Income Style Box (Funds)—
Minimum Initial Investment$0
Investment StatusOpen
TTM Yield4.35%
Average Effective Duration8.27 yrs

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

Will RTHAX outperform in the future?

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Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable RTHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the RTHAX 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 RTHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Morningstar Automated Analysis

Summary

Russell Inv Tax-Exempt High Yield Bd 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 RTHAX

More RTHAX Holdings

Current Portfolio DateSep 30, 2026
Equity Holdings—
Bond Holdings—
Other Holdings—
% Assets in Top 10 Holdings6.1

Top 10 Holdings	% Portfolio Weight	Market Value USD	Sector
U.S. Cash Management Fund	2.24	44M	Cash and Equivalents
PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%	1.07	21M	municipal
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%	0.90	18M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV	0.65	13M	municipal
SKYFALL INFRASTRUCTURE FING DIST UTAH SPL ASSMT 7%	0.58	12M	municipal
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25%	0.54	11M	municipal
MASSACHUSETTS ST PORT AUTH REV 5.25%	0.50	10M	municipal
SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%	0.50	10M	municipal
PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%	0.47	9M	municipal
PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%	0.45	9M	municipal

Russell Investments Tax-Exempt High Yield Bond Fund Class A RTHAX

Morningstar’s Analysis RTHAX

Will RTHAX outperform in the future?

Process Pillar

People Pillar

Parent Pillar

Summary

Portfolio Holdings RTHAX

U.S. Cash Management Fund

PUERTO RICO SALES TAX FING CORP SALES TAX REV 5%

BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV

SKYFALL INFRASTRUCTURE FING DIST UTAH SPL ASSMT 7%

NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 5.25%

MASSACHUSETTS ST PORT AUTH REV 5.25%

SAN FRANCISCO CALIF CITY & CNTY ARPTS COMMN INTL ARPT REV 5.5%

PUERTO RICO COMWLTH AQUEDUCT & SWR AUTH REV 5%

PUERTO RICO SALES TAX FING CORP SALES TAX REV 4.784%

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