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Guide to Russell Tax Exempt Bond S Fund (RLVSX)


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Russell Tax Exempt Bond S (RLVSX - MF report) a Zacks Rank #1 (Strong Buy) was incepted in September 1985 and is managed by FRIMCo. RLVSX seeks to provide a high level of federal tax-exempt current income by investing primarily in a diversified portfolio of investment grade municipal securities. RLVSX concentrates its investments in investment-grade municipal debt obligations providing federal tax-exempt interest income. RLVSX distributes dividends monthly and net capital gains annually.

Russell Tax Exempt Bond S, managed by Russell Funds, carries an expense ratio of 0.52%. Moreover, RLVSX requires a minimal initial investment of $0.

RLVSX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 5.01%, 3 year 4.31% and 5 year 3.48%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

RLVSX’s performance, as of the last filing, when compared to funds in its category was in the top 47% in 1 year, top 56% over the past 3 years, and in the 59% over the past 5 years.

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