C000004332 Fees and Costs — Tax-Exempt Bond Fund, Class E
Data updated: 2026-09-25
The net expense ratio is 0.77%: a 0.30% management fee plus 0.53% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 45%.
C000004332 Fees and Expenses
Annual operating expenses and sales charges of C000004332. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.53% |
| Gross expense ratio | 0.83% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.77% |
| 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 |
C000004332 Costs Over Time
On $10,000 invested in C000004332, assuming 5% a year before costs, total costs come to $484 over 5 years, cutting the return by 0.81% 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 0.77%) | $81 | $253 | $440 |
| Lost growth on money paid in costs | $0 | $12 | $44 |
| Total costs | $81 | $265 | $484 |
| Value after costs | $10,419 | $11,311 | $12,279 |
| Impact on return, per year | 0.81% | 0.81% | 0.81% |
C000004332 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $5.1B
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
C000004332 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $872.1M | 21.67% |
| BNY Capital Markets, LLC | $617.0M | 15.33% |
| J.P. Morgan Securities LLC | $446.0M | 11.08% |
| Morgan Stanley & Co. LLC | $406.5M | 10.10% |
| Goldman Sachs & Co. LLC | $399.0M | 9.92% |
| RBC Capital Markets, LLC | $339.4M | 8.43% |
| Barclays Capital Inc. | $270.8M | 6.73% |
| Jefferies LLC | $266.7M | 6.63% |
| Piper Sandler & Co. | $206.4M | 5.13% |
| Wells Fargo Securities, LLC | $200.0M | 4.97% |
Tax-Exempt Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RBCUX | Class M | 0.41% | none |
| RLVSX | Class S | 0.51% | none |
| C000004332 | Class E | 0.77% | none |
| RTEAX | Class A | 0.80% | 3.75% |
| RTECX | Class C | 1.51% | 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.