RAZCX Fees and Costs — Multi-Asset Strategy Fund, Class C
Data updated: 2026-09-25
The net expense ratio is 1.90%: a 0.72% management fee, a 0.75% 12b-1 fee plus 0.61% other expenses, less a 0.18% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $495K in broker commissions, 0.0858% of average net assets, and portfolio turnover was 101%.
RAZCX Fees and Expenses
Annual operating expenses and sales charges of RAZCX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.72% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.61% |
| Gross expense ratio | 2.08% |
| Fee waiver | −0.18% |
| Net expense ratio | 1.90% |
| 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 |
RAZCX Costs Over Time
On $10,000 invested in RAZCX, assuming 5% a year before costs, total costs come to $1,218 over 5 years, cutting the return by 2.09% 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 1.90%) | $200 | $616 | $1,057 |
| Trading costs (broker commissions) | $9 | $28 | $48 |
| Lost growth on money paid in costs | $0 | $32 | $113 |
| Total costs | $209 | $676 | $1,218 |
| Value after costs | $10,291 | $10,900 | $11,545 |
| Impact on return, per year | 2.09% | 2.09% | 2.09% |
RAZCX 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): 0.0858%
- Total broker commissions: $495K
- Bought from dealers (principal trades, not a cost): $1.6B
- Portfolio turnover (prospectus): 101%
- Securities lending: none during the year
RAZCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $125K | 29.90% |
| Nomura Securities International, Inc. | $67K | 15.89% |
| Jefferies LLC | $49K | 11.79% |
| RBC Capital Markets, LLC | $43K | 10.17% |
| CLSA Americas, LLC | $31K | 7.38% |
| National Financial Services LLC | $26K | 6.20% |
| Goldman Sachs & Co. LLC | $23K | 5.59% |
| BNY Capital Markets, LLC | $22K | 5.23% |
| Citigroup Global Markets Inc. | $19K | 4.44% |
| Morgan Stanley & Co. LLC | $14K | 3.41% |
RAZCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $1.1B | 79.34% |
| Citigroup Global Markets Inc. | $56.4M | 4.03% |
| Jefferies LLC | $44.1M | 3.15% |
| BNY Capital Markets, LLC | $40.9M | 2.92% |
| J.P. Morgan Securities LLC | $40.1M | 2.87% |
| BofA Securities, Inc. | $30.8M | 2.20% |
| Wells Fargo Securities, LLC | $24.9M | 1.78% |
| Seaport Global Securities LLC | $17.9M | 1.28% |
| Stonex Financial Inc. | $17.0M | 1.22% |
| Barclays Capital Inc. | $17.0M | 1.21% |
Multi-Asset Strategy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| RMGYX | Class Y | 0.70% | none |
| RMGRX | Class R6 | 0.73% | none |
| RMATX | Class M | 0.80% | none |
| RMGSX | Class S | 0.90% | none |
| RAZAX | Class A | 1.15% | 5.75% |
| RAZCX | Class C | 1.90% | 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.