RCEMX Fees and Costs — Rimrock Emerging Markets Corporate Credit Fund, Investor Class
Data updated: 2023-04-20
The net expense ratio is 0.70%: a 0.35% management fee, a 0.25% 12b-1 fee plus 3.93% other expenses, less a 3.83% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 112%.
RCEMX Fees and Expenses
Annual operating expenses and sales charges of RCEMX. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.35% |
| 12b-1 fee | 0.25% |
| Other expenses | 3.93% |
| Gross expense ratio | 4.53% |
| Fee waiver | −3.83% |
| Net expense ratio | 0.70% |
| 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 | Yes |
RCEMX Costs Over Time
On $10,000 invested in RCEMX, assuming 5% a year before costs, total costs come to $440 over 5 years, cutting the return by 0.73% 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 0.70%) | $74 | $230 | $400 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $241 | $440 |
| Value after costs | $10,426 | $11,335 | $12,322 |
| Impact on return, per year | 0.73% | 0.73% | 0.73% |
RCEMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $15.9M
- Portfolio turnover (prospectus): 112%
- Securities lending: none during the year
RCEMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY | $3.5M | 25.97% |
| BARCLAYS CAPITAL INC. | $2.8M | 21.09% |
| BOFA Securities, Inc | $1.5M | 10.79% |
| JEFFERIES LLC | $1.3M | 9.82% |
| MIZUHO SECURITIES USA LLC | $1.2M | 9.29% |
| J.P. MORGAN SECURITIES LLC | $1.2M | 8.71% |
| GOLDMAN SACHS & CO. LLC | $589K | 4.38% |
| XP Investments | $532K | 3.95% |
| CITIGROUP GLOBAL MARKETS INC. | $436K | 3.24% |
| HSBC | $372K | 2.77% |
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.