RTHCX

About RTHCX

Russell Investments Tax-Exempt High Yield Bond Fund Class C is an open‑end municipal bond mutual fund focused on generating federally tax‑exempt income from below‑investment‑grade and unrated municipal issuers. The fund normally invests at least 80% of net assets in fixed income securities whose interest is exempt from U.S. federal income tax, while retaining flexibility to hold a limited sleeve of taxable or alternative minimum tax–exposed municipal debt when warranted by market conditions. It is positioned in the high yield muni category and distributes income monthly, reflecting its emphasis on coupon-driven total return within the municipal market. The strategy is multi‑manager, combining specialist approaches—such as relative‑value, sector and state allocation, and active security selection—under Russell Investment Management’s oversight to balance credit opportunities with liquidity management. With a broad portfolio spanning thousands of holdings, the fund aims to diversify issuer and sector risk across the U.S. municipal landscape while pursuing enhanced after‑tax income for tax‑sensitive investors. Expense arrangements include contractual fee waivers that reduce net operating expenses through stated periods per the prospectus disclosures.