C000152726 Fees and Costs — Multi-Strategy Income Fund, Class E
Data updated: 2026-09-25
The net expense ratio is 1.03%: a 0.74% management fee plus 0.62% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $203K in broker commissions, 0.0693% of average net assets, and portfolio turnover was 95%.
C000152726 Fees and Expenses
Annual operating expenses and sales charges of C000152726. Prospectus, as of February 29, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.37% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.03% |
| 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 |
C000152726 Costs Over Time
On $10,000 invested in C000152726, assuming 5% a year before costs, total costs come to $686 over 5 years, cutting the return by 1.15% 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 1.03%) | $108 | $337 | $584 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $18 | $63 |
| Total costs | $115 | $378 | $686 |
| Value after costs | $10,385 | $11,199 | $12,077 |
| Impact on return, per year | 1.15% | 1.15% | 1.15% |
C000152726 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): 0.0693%
- Total broker commissions: $203K
- Bought from dealers (principal trades, not a cost): $807.2M
- Portfolio turnover (prospectus): 95%
- Securities lending: none during the year
C000152726 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $53K | 31.29% |
| Nomura Securities International, Inc. | $24K | 14.28% |
| Jefferies LLC | $20K | 11.49% |
| RBC Capital Markets, LLC | $18K | 10.74% |
| J.P. Morgan Securities LLC | $12K | 7.05% |
| National Financial Services LLC | $11K | 6.64% |
| Goldman Sachs & Co. LLC | $9K | 5.27% |
| Citigroup Global Markets Inc. | $8K | 4.64% |
| BNY Capital Markets, LLC | $7K | 4.37% |
| Morgan Stanley & Co. LLC | $7K | 4.22% |
C000152726 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $540.5M | 76.78% |
| Citigroup Global Markets Inc. | $27.8M | 3.95% |
| Jefferies LLC | $25.9M | 3.67% |
| J.P. Morgan Securities LLC | $23.4M | 3.33% |
| BofA Securities, Inc. | $21.2M | 3.00% |
| BNY Capital Markets, LLC | $17.2M | 2.44% |
| Morgan Stanley & Co. LLC | $14.7M | 2.09% |
| Goldman Sachs & Co. LLC | $12.1M | 1.72% |
| Barclays Capital Inc. | $10.9M | 1.55% |
| HSBC Securities (USA) Inc. | $10.3M | 1.46% |
Multi-Strategy Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RMYYX | Class Y | 0.58% | none |
| RMIRX | Class R6 | 0.61% | none |
| RGYTX | Class M | 0.68% | none |
| RMYSX | Class S | 0.78% | none |
| RMYAX | Class A | 1.03% | 5.75% |
| C000152726 | Class E | 1.03% | none |
| RMYCX | Class C | 1.78% | 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.