C000004238 Fees and Costs — Tax-Managed U.S. Mid & Small Cap Fund, Class E
Data updated: 2026-09-25
The net expense ratio is 1.45%: a 0.98% management fee plus 0.56% other expenses, less a 0.09% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.4M in broker commissions, 0.0812% of average net assets, and portfolio turnover was 55%.
C000004238 Fees and Expenses
Annual operating expenses and sales charges of C000004238. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.98% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.56% |
| Gross expense ratio | 1.54% |
| Fee waiver | −0.09% |
| Net expense ratio | 1.45% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000004238 Costs Over Time
On $10,000 invested in C000004238, assuming 5% a year before costs, total costs come to $948 over 5 years, cutting the return by 1.61% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.45%) | $152 | $472 | $815 |
| Trading costs (broker commissions) | $9 | $26 | $46 |
| Lost growth on money paid in costs | $0 | $25 | $87 |
| Total costs | $161 | $524 | $948 |
| Value after costs | $10,339 | $11,053 | $11,815 |
| Impact on return, per year | 1.61% | 1.61% | 1.61% |
C000004238 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0812%
- Total broker commissions: $1.4M
- Bought from dealers (principal trades, not a cost): $643.1M
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $226
- Net income from securities lending: —
C000004238 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY Capital Markets, LLC | $461K | 34.03% |
| BofA Securities, Inc. | $406K | 30.01% |
| Jefferies LLC | $211K | 15.55% |
| Nomura Securities International, Inc. | $194K | 14.32% |
| UBS Securities LLC | $51K | 3.76% |
| Citigroup Global Markets Inc. | $14K | 1.02% |
| Virtu Americas LLC | $7K | 0.55% |
| Wells Fargo Securities, LLC | $6K | 0.42% |
| RBC Capital Markets, LLC | $3K | 0.25% |
| Goldman Sachs & Co. LLC | $1K | 0.09% |
C000004238 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $643.1M | 100.00% |
Tax-Managed U.S. Mid & Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RTOUX | Class M | 1.11% | none |
| RTSSX | Class S | 1.21% | none |
| C000004238 | Class E | 1.45% | none |
| RTSAX | Class A | 1.49% | 5.75% |
| RTSCX | Class C | 2.21% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.