RBIAX Fees and Costs — RBC BlueBay Strategic Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.89%: a 0.53% management fee, a 0.25% 12b-1 fee plus 0.49% other expenses, less a 0.39% fee waiver. This share class carries a maximum front-end sales load of 3.75%. In fiscal 2025 the fund paid $21K in broker commissions, 0.0278% of average net assets, and portfolio turnover was 806%.
RBIAX Fees and Expenses
Annual operating expenses and sales charges of RBIAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.53% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.49% |
| Gross expense ratio | 1.28% |
| Fee waiver | −0.39% |
| Net expense ratio | 0.89% |
| Sales charges | |
|---|---|
| Max front load | 3.75% |
| 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 | Yes |
RBIAX Costs Over Time
On $10,000 invested in RBIAX, assuming 5% a year before costs, total costs come to $1,032 over 5 years, cutting the return by 1.76% 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 |
| Sales charges | $375 | $375 | $375 |
| Fund expenses (net expense ratio 0.89%) | $90 | $281 | $488 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $19 | $73 | $154 |
| Total costs | $487 | $738 | $1,032 |
| Value after costs | $10,013 | $10,838 | $11,731 |
| Impact on return, per year | 4.87% | 2.28% | 1.76% |
RBIAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0278%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 806%
- Securities lending: none during the year
RBIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $11K | 54.08% |
| MORGAN STANLEY & CO. LLC | $5K | 24.50% |
| BNP PARIBAS SECURITIES CORP. | $3K | 14.99% |
| GOLDMAN SACHS & CO. LLC | $1K | 6.06% |
| BARCLAYS CAPITAL, INC. | $79 | 0.38% |
RBIAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC BlueBay U.S. Government Money Market Fund | $345.1M | 32.66% |
| J.P. Morgan Securities LLC | $126.4M | 11.97% |
| BOFA SECURITIES, INC. | $117.5M | 11.12% |
| STATE STREET GLOBAL MARKETS, LLC | $98.0M | 9.28% |
| MARKETAXESS CORPORATION | $75.5M | 7.15% |
| MORGAN STANLEY & CO. LLC | $72.8M | 6.89% |
| GOLDMAN SACHS & CO. LLC | $68.9M | 6.53% |
| CitiGroup Global Markets Inc. | $60.2M | 5.70% |
| JEFFERIES LLC | $47.5M | 4.50% |
| WELLS FARGO SECURITIES, LLC | $44.5M | 4.21% |
RBC BlueBay Strategic 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 |
|---|---|---|---|
| RBSRX | Class R6 | 0.59% | none |
| RBSIX | Class I | 0.64% | none |
| RBIAX | Class A | 0.89% | 3.75% |
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.