# Tax-Exempt High Yield Bond Fund

Tax-Exempt High Yield Bond Fund is a registered fund series of RUSSELL INVESTMENT CO (series S000049244). Net assets $2.5B as of 2026-04-30.

## Profile

- Series ID: S000049244
- Registrant: RUSSELL INVESTMENT CO
- LEI: 549300SP9GW5536DNM80
- Net assets: $2.5B
- Total assets: $2.5B
- As of: 2026-04-30

## Advisers

- [Russell Investment Management, LLC (Advisor)](https://search.stillhousedata.com/firm/105734)
- [MacKay Shields LLC (Subadvisor)](https://search.stillhousedata.com/firm/107717)
- [Goldman Sachs Asset Management, L.P. (Subadvisor)](https://search.stillhousedata.com/firm/107738)
- [Rockefeller & Co. LLC (Subadvisor)](https://search.stillhousedata.com/firm/294197)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| Russell Investments Trust Company Commingled Employee Benefit Funds Trust-U.S. Cash Management Fund | — | $55.2M | 223.68% |
| [Buckeye Tobacco Settlement Financing Authority](https://search.stillhousedata.com/security/118217CZ9) | — | $27.3M | 110.60% |
| [Puerto Rico Sales Tax Financing Corp Sales Tax Revenue](https://search.stillhousedata.com/security/74529JQG3) | — | $22.9M | 92.78% |
| [Puerto Rico Sales Tax Financing Corp Sales Tax Revenue](https://search.stillhousedata.com/security/74529JPX7) | — | $22.2M | 90.04% |
| [Public Finance Authority](https://search.stillhousedata.com/security/74448UAC2) | — | $13.7M | 55.45% |
| [New York State Dormitory Authority](https://search.stillhousedata.com/security/64990KKS1) | — | $12.6M | 51.25% |
| [Puerto Rico Commonwealth Aqueduct & Sewer Authority](https://search.stillhousedata.com/security/745160SJ1) | — | $12.1M | 49.20% |
| [New York Liberty Development Corp](https://search.stillhousedata.com/security/649519DA0) | — | $11.3M | 45.66% |
| [Salt River Project Agricultural Improvement & Power District](https://search.stillhousedata.com/security/79574CHJ5) | — | $10.9M | 44.06% |
| [San Francisco City & County Airport Comm-San Francisco International Airport](https://search.stillhousedata.com/security/79766DXZ7) | — | $10.8M | 43.82% |
| [New York State Thruway Authority](https://search.stillhousedata.com/security/650028WZ2) | — | $10.0M | 40.62% |
| [New York Transportation Development Corp](https://search.stillhousedata.com/security/650116HM1) | — | $9.8M | 39.81% |
| [Puerto Rico Sales Tax Financing Corp Sales Tax Revenue](https://search.stillhousedata.com/security/74529JRL1) | — | $9.8M | 39.56% |
| [Tuscaloosa County Industrial Development Authority](https://search.stillhousedata.com/security/90068FAZ9) | — | $9.7M | 39.48% |
| [GDB Debt Recovery Authority of Puerto Rico](https://search.stillhousedata.com/security/36829QAA3) | — | $9.7M | 39.46% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-04-30 | $2.5B |
| 2026-01-31 | $2.4B |
| 2025-10-31 | $2.3B |
| 2025-07-31 | $2.2B |
| 2025-04-30 | $2.1B |
| 2025-01-31 | $2.2B |
| 2024-10-31 | $2.1B |
| 2024-07-31 | $2.0B |

## More

- [Registrant: RUSSELL INVESTMENT CO](https://search.stillhousedata.com/registrant/351601)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000049244.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.