C000089842 Fees and Costs — Opportunistic Credit Fund, Class E
Data updated: 2026-09-25
The net expense ratio is 1.19%: a 1.00% management fee plus 0.63% other expenses, less a 0.44% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $31K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 75%.
C000089842 Fees and Expenses
Annual operating expenses and sales charges of C000089842. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 1.63% |
| Fee waiver | −0.44% |
| Net expense ratio | 1.19% |
| 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 |
C000089842 Costs Over Time
On $10,000 invested in C000089842, assuming 5% a year before costs, total costs come to $745 over 5 years, cutting the return by 1.26% 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 1.19%) | $125 | $389 | $673 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $126 | $411 | $745 |
| Value after costs | $10,374 | $11,166 | $12,017 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000089842 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): 0.0065%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $1.4B
- Portfolio turnover (prospectus): 75%
- Securities lending: none during the year
C000089842 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $25K | 79.81% |
| Morgan Stanley & Co. LLC | $6K | 20.17% |
| State Street Bank and Trust Company | $7 | 0.02% |
C000089842 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $722.8M | 60.56% |
| BofA Securities, Inc. | $76.0M | 6.37% |
| J.P. Morgan Securities LLC | $74.2M | 6.22% |
| Morgan Stanley & Co. LLC | $66.8M | 5.60% |
| Citigroup Global Markets Inc. | $65.9M | 5.52% |
| Barclays Capital Inc. | $46.8M | 3.93% |
| Goldman Sachs & Co. LLC | $42.9M | 3.59% |
| Jefferies LLC | $40.3M | 3.38% |
| HSBC Securities (USA) Inc. | $33.7M | 2.82% |
| BNY Capital Markets, LLC | $24.0M | 2.01% |
Opportunistic Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RGCYX | Class Y | 0.62% | none |
| RGCRX | Class R6 | 0.65% | none |
| RGOTX | Class M | 0.65% | none |
| RGCSX | Class S | 0.70% | none |
| RGCAX | Class A | 0.95% | 3.75% |
| C000089842 | Class E | 1.19% | none |
| RGCCX | Class C | 1.70% | 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.