Morningstar

Russell Investments Tax-Exempt High Yield Bond Fund Class S RTHSX

Medalist Rating as of Aug 31, 2026 See Russell Investments Investment Hub

Strategy

The investment seeks to provide a high level of current income that is exempt from federal tax, and as a secondary objective, total return. The fund invests at least 80% of the value of its net assets plus borrowings for investment purposes in fixed income investments the income from which is exempt from federal income tax. It invests principally in municipal debt obligations providing federal tax-exempt interest income, but may invest up to 20% of the value of its net assets plus borrowings for investment purposes in municipal debt securities, the income on which is subject to federal income tax, including the alternative minimum tax.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
RTHSX	Russell Investments Tax-Exempt High Yield Bond Fund Class S	No Load	Open			Jun 1, 2015	$1.42B	0.610%	Above Average	$0	−$239.41M
RHYTX	Russell Investments Tax-Exempt High Yield Bond Fund Class M	No Load	Open			Mar 16, 2017	$595.25M	0.540%	Below Average	$0	$25.61M
RTHAX	Russell Investments Tax-Exempt High Yield Bond Fund Class A	Front Load	Open			Jun 1, 2015	$22.64M	0.890%	Above Average	$0	−$641,585.99
RTHCX	Russell Investments Tax-Exempt High Yield Bond Fund Class C	Level Load	Open			Jun 1, 2015	$6.12M	1.640%	Above Average	$0	$288,621.95

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