The Russell Fixed Income Index series provides investors with curated set of benchmarks with significantly different risk characteristics relative to other corporate bond indices and supports higher precision investment strategies, symmetrical multi-asset approaches and research functions.
This series is designed to track the US corporate bond market by focusing on the debt of the large, publicly traded companies (and the debt of their US-domiciled subsidiaries) that make up the Russell 3000® equity index. The Russell 3000 Fixed Income Index and the corresponding Russell 1000® Fixed Income and Russell 2000® Fixed Income sub-indices comprise the new Russell fixed income series.
The indices are market weighted benchmarks and enable higher precision investment strategies by focusing on domestic companies only. The Russell 3000 Fixed Income Index and corresponding sub-indices emphasize transparency of public reporting add a small crossover element that, when compared to traditional approaches, may deliver indices with shorter duration and enhanced yield compared to traditional benchmark solutions.
Following a modular approach to index construction, the Russell Fixed Income indices offer a sophisticated degree of granularity and include sub-indices by term, quality, Global Industry Code (GLIC) and Corporate Bond Sector (COBS), high-yield and investment grade groupings, as well as Industry Classification Benchmark (ICB) for Russell 3000 alignment.
Russell Fixed Income Series comprises the following:
- Russell 3000 Fixed Income Index comprises debt of public companies tracked by Russell 3000 and their US subsidiaries.
- Russell 1000 Fixed Income Index comprises debt of public companies tracked by Russell 1000 and is a sub-index of Russell 3000 Fixed Income Index.
- Russell 2000 Fixed Income Index comprises debt of public companies tracked by Russell 2000 and is a sub-index of Russell 3000 Fixed Income Index.
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