Fund Evaluator:
Russell Inv Long Duration Bond Y (RMHYX)
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Best Performing in Long Government Over the Last Year
| 3.4% | Russell Inv Long Duration Bond Y (RMHYX) |
| 3.4% | DoubleLine Long Duration Total Ret Bd I2 (DLNIX) |
| 3.3% | Russell Inv Long Duration Bond M (RMHTX) |
| 3.3% | DoubleLine Long Duration Total Ret Bd N (DLLDX) |
| 3.1% | Vanguard Long-Term Treasury Admiral (VUSUX) |
Fund Details
Russell Inv Long Duration Bond Y Overview
Russell Inv Long Duration Bond Y (RMHYX) is an actively managed Taxable Bond Long Government fund. Russell launched the fund in 2019.
The investment seeks to provide total return. The fund has a non-fundamental policy to invest, under normal circumstances, at least 80% of the value of its net assets plus borrowings for investment purposes in bonds. It invests principally in long duration bonds and defines long duration as durations greater than 9 years. The fund has no restrictions on individual security duration.
About Russell Inv Long Duration Bond Y (RMHYX)
There are 2 members of the management team with an average tenure of 1.49 years: Brian Pringle (2025), Riti Samanta (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and ICE BofA 10-15Y US Trsy TR USD index with a weighting of 100%. Russell Inv Long Duration Bond Y has 264 securities in its portfolio. The top 10 holdings constitute 48.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Russell Inv Long Duration Bond Y is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Russell Inv Long Duration Bond Y has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 95.9% (95.9% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Russell Inv Long Duration Bond Y has 4.1% of the portfolio in cash.
Assets Under Management
The fund has $104 million in total assets, which is below the $1 billion average for the Long Government category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RMHYX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Russell Inv Long Duration Bond Y expense ratio is below average compared to funds in the Long Government category. Russell Inv Long Duration Bond Y has an expense ratio of 0.29%, which is 77% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Russell Inv Long Duration Bond Y has a portfolio turnover rate of 59%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 121% for the Long Government category.
Recently, in the month of June 2026, Russell Inv Long Duration Bond Y returned 0.7%, which earned it a grade of D, as the Long Government category had an average return of 1.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Russell Inv Long Duration Bond Y has a trailing yield of 4.26%, which is above the 4.22% category average. The fund normally distributes its income monthly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Russell Inv Long Duration Bond Y Grades
Year to date, the fund has returned 0.5%, 0.1 percentage points better than the category, which translates into a grade of D. The fund has returned 3.4% over the past year (grade of A), 3.0% over the past three years (grade of A) and -0.5% per year over the past five years (grade of A).
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RMHYX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RMHYX Return (NAV) | 0.7% | 0.7% | 3.4% | 3.0% | -0.5% | na |
| RMHYX Grade | D | D | A | A | A | na |
| +/- Category | -0.2% | -0.0% | 0.4% | 2.9% | 4.2% | na |
| Long Government Avg | 1.0% | 0.8% | 2.9% | 0.1% | -4.8% | -1.3% |
| RMHYX Tax Cost Ratio | na | na | 1.7% | 1.4% | 1.9% | na |
RMHYX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RMHYX Return (NAV) | 0.5% | 7.5% | -3.0% | 6.6% | -12.5% | -1.5% | 7.7% | na | na | na | na |
| RMHYX Grade | D | A | A | A | A | A | D | na | na | na | na |
| +/- Category | 0.1% | 1.2% | 3.0% | 3.4% | 12.8% | 2.5% | -7.0% | na | na | na | na |
| Long Government Avg | 0.4% | 6.3% | -6.0% | 3.2% | -25.3% | -4.1% | 14.7% | 12.5% | -1.7% | 7.5% | 1.3% |
| Risk Measures | |
| Standard Deviation: | 8.8% |
| Total Risk Index: | 0.72 - Below Average |
| Category Risk Index: | 0.68 - Below Average |
| Category Risk Grade: | B (21% Rank) |
| Beta: | 1.56 |
| R-Squared: | 97% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | High Quality Extensive Sensitivity |
| Yield: | 4.3% |
| Dividend Distribution: | Monthly |
| Cap Gains Distribution: | |
| Total Assets: | $513 Mil |
| Fund Total Assets: | $ 105 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 59% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.5 years | |||
| Average Tenure: 1.5 years | |||
| Managers (Year): Samanta Riti (2024), Pringle Brian (2025) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 264 |
| % in Top 10 Holdings: | 48.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 95.9% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 4.1% |
Purchase Information
| Fund Family: | Russell |
| Phone Number: | 800-787-7354 |
| Website: | www.russell.com |
| Status: | Open |
| Inception Date: | November 13, 2019 |
| Min. Initial Purchase: | $10,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.29% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 1.25% |
| Share Class: | Russell Inv Long Duration Bond Y |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
