RAMIX Fees and Costs — Ramirez Core Bond Fund, Institutional Class
Data updated: 2025-03-03
The net expense ratio is 0.50%: a 0.35% management fee plus 1.09% other expenses, less a 0.94% fee waiver. This share class carries a redemption fee of 1.00%. Portfolio turnover was 43%.
RAMIX Fees and Expenses
Annual operating expenses and sales charges of RAMIX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.09% |
| Gross expense ratio | 1.44% |
| Fee waiver | −0.94% |
| Net expense ratio | 0.50% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
RAMIX Costs Over Time
On $10,000 invested in RAMIX, assuming 5% a year before costs, total costs come to $316 over 5 years, cutting the return by 0.52% 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 0.50%) | $52 | $165 | $287 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $173 | $316 |
| Value after costs | $10,448 | $11,403 | $12,447 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
RAMIX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $158.5M
- Portfolio turnover (prospectus): 43%
- Securities lending: none during the year
RAMIX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $16.7M | 29.73% |
| ACADEMY SECURITIES, INC. | $7.5M | 13.40% |
| CITIGROUP GLOBAL MARKETS INC. | $6.8M | 12.13% |
| WELLS FARGO SECURITIES, LLC | $5.2M | 9.26% |
| BARCLAY INVESTMENTS LLC | $5.0M | 8.91% |
| TRADEWEB DIRECT LLC | $3.6M | 6.42% |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $3.5M | 6.28% |
| Roberts & Ryan Investments Inc. | $2.8M | 5.01% |
| RBC CAPITAL MARKETS, LLC | $2.6M | 4.56% |
| MORGAN STANLEY & CO. LLC | $2.4M | 4.29% |
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.