RAIIX Fees and Costs — Rainier International Discovery Series, Class I
Data updated: 2026-09-22
The net expense ratio is 1.15%: a 0.90% management fee plus 0.24% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $585K in broker commissions, 0.1437% of average net assets, and portfolio turnover was 64%.
RAIIX Fees and Expenses
Annual operating expenses and sales charges of RAIIX. Prospectus, as of February 27, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.15% |
| Fee waiver | — |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RAIIX Costs Over Time
On $10,000 invested in RAIIX, assuming 5% a year before costs, total costs come to $804 over 5 years, cutting the return by 1.36% 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 1.15%) | $121 | $376 | $649 |
| Trading costs (broker commissions) | $15 | $47 | $81 |
| Lost growth on money paid in costs | $0 | $21 | $74 |
| Total costs | $136 | $443 | $804 |
| Value after costs | $10,364 | $11,133 | $11,958 |
| Impact on return, per year | 1.36% | 1.36% | 1.36% |
RAIIX 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): 0.1437%
- Total broker commissions: $585K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
RAIIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $136K | 26.26% |
| CLSA AMERICAS, LLC | $78K | 14.94% |
| UBS SECURITIES LLC | $62K | 12.05% |
| JEFFERIES LLC | $60K | 11.63% |
| SUMITOMO MITSUI BANKING CORPORATION | $53K | 10.28% |
| KEPLER CAPITAL MARKETS, INC. | $38K | 7.37% |
| LIQUIDNET, INC. | $27K | 5.24% |
| CARNEGIE AS | $23K | 4.35% |
| RBC CAPITAL MARKETS, LLC | $21K | 3.96% |
| JOH. BERENBERG, GOSSLER & CO. KG | $20K | 3.90% |
Rainier International Discovery Series Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RAIWX | Class W | 0.11% | — |
| RAIRX | Class Z | 1.01% | — |
| RAIIX | Class I | 1.15% | — |
| RISAX | Class S | 1.41% | — |
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.