Russell Investments Tax-Exempt Bond Fund Class C (RTECX)

Overview

The company operates as a fund focused on investments that are exempt from federal income tax, adhering to a fundamental policy that dictates the allocation of at least 80% of its net assets, plus any borrowings used for investment purposes, towards such tax-exempt investments. This strategic approach enables the company to offer attractive investment opportunities to those looking to optimize their income by minimizing federal tax liabilities. The remaining portfolio, up to 20%, may be dedicated to municipal debt securities, where the income might be subject to federal income tax, providing a mix of investments to potentially enhance the overall portfolio yield while still focusing on tax efficiency.

Products and Services

• Tax-Exempt Investments

  The core of the company's offerings centers around investments designed to produce income that is exempt from federal income tax. By allocating at least 80% of its net assets, plus any borrowings for investment purposes, into such assets, the fund seeks to maximize after-tax income for its investors, making it an appealing choice for those in higher tax brackets or seeking tax-efficient income streams.

• Municipal Debt Securities

  As a complement to its tax-exempt investment focus, the company also ventures up to 20% of its portfolio into municipal debt securities. While the income from these investments may be subject to federal income tax, they provide a diversification benefit and can contribute to the overall yield of the fund. This allows the fund to balance its primary objective of tax efficiency with the pursuit of attractive returns, accommodating a broader investment strategy that can appeal to a wide range of investors.